Interim report
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Ж > k kindred " Strong business momentum and continued focus on scalability contribute to significant increase in underlying EBITDA ” . KINDRED GROUP PLC INTERIM REPORT JANUARY - MARCH 2021 Henrik Tjarnstrom , CEO Financial highlights First quarter 2021 • • • • 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 . Profit before tax amounted to GBP 85.3 ( 2.4 ) million . Profit after tax amounted to GBP 72.6 ( 1.0 ) million . • Earnings per share were GBP 0.32 ( 0.00 ) . • During the quarter , 1,032,500 shares / SDRs were purchased at a total price of SEK 146.0 , or GBP 12.4 , million . • Free cash flow amounted to GBP 90.1 ( 22.3 ) million . • Number of active customers was 1,818,759 ( 1,531,302 ) . Key highlights • • The start of the year has continued to show strong business momentum across all markets and product segments with Gross winnings revenue up 41 per cent . Strict focus on scalability has led to an underlying EBITDA margin of 28 per cent , including unrealised foreign currency losses of GBP 8.0 million . Active customers reached a new all - time high of 1.8 million , which puts the Group in a strong position ahead of the big summer of sport . Gross winnings revenue from locally regulated markets increased solidly by 39 per cent compared to the same period last year , reaching GBP 209.1 million and accounting for 59 per cent of total revenue . Key figures GBP m Gross winnings revenue EBITDA Underlying EBITDA Profit before tax Profit after tax Earnings per share ( GBP ) Net cash / ( net debt ) / EBITDA , rolling 12 - month basis Free cash flow Active customers ( No. ) Q1 Full year 2021 2020 2020 352.6 249.7 1,130.2 97.6 32.5 274.2 98.0 42.5 286.8 85.3 2.4 193.1 72.6 1.0 165.2 0.32 0.00 0.73 0.52 -1.03 0.38 90.1 22.3 267.5 1,818,759 1,531,302 www.kindredgroup.com And Bingo.com CASINOHUONE kolikkopelit MARIACASINO OTTO STORSPELARE UNIBET VLAD CAZINI