Interim report
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KINDRED GROUP PLC INTERIM REPORT JANUARY - SEPTEMBER 2021 ( UNAUDITED ) Financial highlights Third quarter 2021 Gross winnings revenue increased by 6 per cent ( 11 per cent in constant currency ) to GBP 298.4 ( 280.7 ) million . ● ● kindred " Double digit earnings growth driven by strong casino performance " . Underlying EBITDA grew by 13 per cent ( 21 per cent in • constant currency ) to GBP 84.2 ( 74.6 ) million . Profit before tax amounted to GBP 71.8 ( 60.7 ) million .. Profit after tax amounted to GBP 60.6 ( 52.5 ) million . Earnings per share were GBP 0.27 ( 0.23 ) . 2,250,000 shares / SDRs were purchased at a total price of SEK 342.6 , or GBP 28.7 , million . Free cash flow amounted to GBP 51.2 ( 59.7 ) million . Number of active customers was 1,738,504 ( 1,650,153 ) . Indicative non - recurring guidance for the fourth quarter of 2021 : Depending on activity levels and the sports betting margin for the remainder of the quarter , Kindred estimates Gross winnings revenue for the fourth quarter of 2021 to be in the range of GBP 220 to 260 million . Key highlights ● 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. ) bingo.com Importance of multi - product strategy highlighted , as casino & games shows healthy growth during period of low sports seasonality . Focus on scalability is paying off , with a strong underlying EBITDA margin of 28 per cent despite investments in growth markets . Strong profit growth and continued strengthening of the net cash position . Tough competition in the US but work towards a proprietary platform and unique product offerings continues at pace , whilst the new states Arizona and lowa went live in the quarter . Communication of decision to cease services to Dutch residents on 30 September 2021. Subject to KSA licence application approval , we look forward to being awarded our licence in Q2 2022 . Key figures CASINOHUONE January - September 2021 Gross winnings revenue increased by 33 per cent ( 34 per cent in constant currency ) to GBP 1,014.7 ( 765.5 ) million . ● kolikkopelit ● Underlying EBITDA grew by 76 per cent ( 83 per cent in constant currency ) to GBP 296.5 ( 168.8 ) million . Profit before tax amounted to GBP 259.6 ( 94.4 ) million . Profit after tax amounted to GBP 220.3 ( 80.3 ) million . Earnings per share were GBP 0.97 ( 0.35 ) . 3,567,000 shares / SDRs were purchased at a total price of SEK 532.6 , or GBP 44.9 , million . Free cash flow amounted to GBP 223.4 ( 156.3 ) million . 2021 Q3 Henrik Tjärnström , CEO 2020 298.4 280.7 84.1 74.2 84.2 74.6 71.8 60.7 60.6 52.5 0.27 0.23 0.52 -0.01 51.2 59.7 1,738,504 1,650,153 MARIACASINO OTTOJ LAXING 2021 Jan - Sep 1,014.7 296.2 296.5 259.6 220.3 0.97 0.52 223.4 2020 765.5 158.3 168.8 94.4 80.3 0.35 -0.01 156.3 Full year 2020 1,130.2 274.2 286.8 193.1 165.2 0.73 0.38 267.5 www.kindredgroup.com X STORSPELARE UNIBET VLAD CAZINO