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Record activity across product segments driving continued strong performance
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Kindred Group utilises authorisation to repurchase own shares
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Invitation to Kindred Group s presentation of the Interim report for the second quarter 2021
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Kindred acquires Relax Gaming to strengthen its focus on product differentiation and customer experience
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Strong start to the year with positive business momentum and focus on scalability
Kindred Group plc - Interim report: January - March 2021 (unaudited)
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Gross winnings revenue amounted to GBP 352.6 (249.7) million, an increase of 41 per cent
Underlying EBITDA was GBP 98.0 (42.5) million
The result for the quarter was impacted by foreign currency losses on operating items of GBP 8.0 (1.8) million which are primarily unrealised losses as they relate to the retranslation of foreign currency current assets and liabilities. As the Group has significant cash balances in foreign currencies, and foreign currency rate movements were substantial, the impact was unusually large during the quarter