Kindred Group PLC has released its latest quarterly report revealing group revenues of £307.7 million (€357.8 million/$382.4 million) for the first quarter ending on March 31st 2024.
Key Highlights Q1 2024
- Total revenue – £307.7 million (€357.8 million/$382.4 million), up by 0.42% Kindred Announces Q1 2024 Results Revealing Jump in Profits
- Underlying EBITDA – £59.3 million (€68.9 million/$73.7 million), up by 20%
- Profit before tax – £39.8 million (€46.2 million/$49.4 million), up by 30.9%
- Profit after tax – £31.4 million (€36.5 million/$39 million), up by 22.6% Kindred Announces Q1 2024 Results Revealing Jump in Profits
- Free cash flow – £23.7 million (€27.5 million/$29.4 million)
- Number of active customers – 1,667,564, up by 2.7%
Andén also noted that the acceptance period for La Française des Jeux’s offer has started:
“At the start of the quarter, Kindred received a public cash offer of SEK 130 per SDR from La Française des Jeux, which the Board has unanimously recommended shareholders to accept. The offer has now been presented to shareholders, who have until 19 November to accept.
Following a solid start to the year we now have our eyes firmly set on a much sought after summer of sports with the UEFA Euros, the Copa America, and the Paris Olympics.”
The report confirmed that the closure of the company’s North American operations remains on track and is expected to be completed by the end of the second quarter of 2024.
