Financial Report Of The Company Kindred Group For 2020

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July 5, 2022
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Kindred Group

International operator online casino and kindred group rates have published a financial report for 2020.

  • The number of active clients was 1 781 617 (1 603 903).
  • Gross income from winnings amounted to 1 130.2 (912.8) million pounds of sterling, an increase of 24 percent.
  • The basic ebitda amounted to 286.8 (130.0) million pounds sterling.
  • Profit before tax amounted to 193.1 (67.1) million pounds sterling.
  • Profit after tax amounted to 165.2 (56.6) million pounds sterling.
  • Profit per share amounted to 0.728 pounds sterling (0.250).
  • Free cash flow amount to 267.5 (48.5) million pounds sterling.
  • The board of directors agreed on a new policy of dividends and reverse ransom of shares and subsequently proposed dividends in the amount of 0.330 pounds sterling (zero) per share / sdr, which is equal to the general dividend of about 75 million pounds sterling.

Henrik tjärnström, generch director of kindred group commented:

I am glad that we will finally leave behind 2020, a difficult year for most people, companies and countries. In kindred we managed to successfully overcome these unstable times and continue to attract customers who enjoy safe and fascinating gambling, which led to several new record highs in this quarter, including the number of active customers and the total gain from winnings, which increased by 54 %. From the fourth quarter of 2019 to 364.7 million pounds sterling.

Our european and australian business continued to grow during the fourth quarter, which, as we have already proved many times earlier, shows that we remain resistant to temporary market instability. This sector also firmly established in the us market for 2020, and our brand unibet continues to supply here in accordance with the income from the gross income in the amount of 23.8 million pounds of sterling for the full year. Being one of the largest operators in the world, i look forward to the continuation of our us travel as unibet projects that will be launched in illinois and iowa in 2021.

Having a scalable business model, we are ready for what is waiting for us ahead. Theater began well: the average day gross income from winnings for the first 38 days 2021 was 41 percent higher (by 36 percent in constant currency) than in the same period last year. Finally, i would like to thalk the team kindred for their outstanding work in a very difficult year, and know that we are all looking forward to the opportunity to give our customers a safe and exciting experience in 2021, preparing for the euro and the olympic games in tokyo."

Source, full text on the official website of the kindred group

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