SLIEMA, Malta, Feb. 7, 2024 /PRNewswire/ —
Strong performance across select markets enabled delivery on annual target
Kindred Group plc – Full-year report: January – December 2023 (unaudited)
Fourth quarter 2023
Total revenue was GBP 312.9 (305.5) million, an increase of 2 per cent.
Gross winnings revenue (B2C) increased by 2 per cent to GBP 301.6 (295.1) million.
Underlying EBITDA increased by 45 per cent to GBP 56.8 (39.1) million.
Primarily as a result of the closure of North American operations, items affecting comparability amount to a negative contribution of GBP 57.6 (positive contribution of 28.5) million.
Loss before tax was GBP 19.1 (profit of 51.9) million.
Loss after tax was GBP 18.7 (profit of 50.0) million.
Earnings per share were GBP -0.09 (0.23).
Free cash flow amounted to GBP 46.8 (30.9) million.
Number of active customers decreased by 8 per cent from the fourth quarter of 2022 to 1,686,662 (1,827,881) but increased by 8 per cent from the third quarter of 2023.
January to December 2023
Total revenue was GBP 1,210.5 (1,068.7) million, an increase of 13 per cent.
Gross winnings revenue (B2C) increased by 12 per cent to GBP 1,171.9 (1,042.9) million.
Underlying EBITDA increased by 58 per cent to GBP 204.5 (129.2) million.
Primarily as a result of the closure of North American operations, items affecting comparability amount to a negative contribution of GBP 72.7 (positive contribution of 58.3) million. See page 13 for more information.
Profit before tax was GBP 59.5 (126.8) million.
Profit after tax was GBP 47.2 (120.1) million.
Earnings per share were GBP 0.22 (0.54).
3,833,000 shares/SDRs were purchased, with a total value of SEK 443.7, or …
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