Kindred Group reports impressive full year 2017 results

Kindred Group plc has released its full year 2017 report delivering an impressive year of growth.

Key highlights include:

All-time high in Gross winnings revenue of GBP 751.4 million (2016: GBP 544.1million).

Underlying EBITDA was GBP 185.0 million (2016: GBP 123.7 million).

Profit before tax amounted to GBP 132.0 million (2016: GBP 92.8 million), includes non-cash fair value adjustments of GBP 9.2 million relating to the accelerated amortisation of acquired assets.

Profit after tax amounted to GBP 117.4 million (2016: GBP 83.9 million.

Earnings per share for the full year was GBP 0.516 (2016: GBP 0.366).

Underlying earnings per share were GBP 0.578 (2016: GBP 0.379).

The Board of Directors has proposed a dividend of GBP 0.551 (2016: GBP 0.310) per share/SDR, amounting to a proposed distribution to shareholders of GBP 125.5 million (2016: GBP 71.4 million).

The strong momentum continues into 2018 with “an average daily gross winnings revenue up 35 percent y-o-y in the period up to February 11, 2018,” Henrik Tjärnström, CEO of Kindred Group, said.

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