Kindred Group presents new financial targets for 2025

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As part of Capital Markets Day, Kindred Group will present new financial targets for 2025, including revenues above £1.6 billion (US$1.84 billion). Other financial targets include an underlying EBITDA margin of 21-22% and a distribution policy of approximately 75-100% of free cash flow after mergers and acquisitions.

Kindred will host a Capital Markets Day in London further away, where CEO Henrik Tjärnström and members of the management team will present the company’s strategic direction and long-term priorities for the coming years.

Priorities include gaining greater market share by “being a trusted source of entertainment” in the group’s existing core markets of Europe and Australia, which are expected to grow at a CAGR of 7% between 2021 and 2026. , as well as the development of a strong position. In Holland.

Kindred also plans to leverage strategic investments in the online sports betting and gaming industry, such as the acquisition of Relax Gaming and the development of the Kindred Sportsbook platform, while building on the established foundations in North America.

“I am delighted to share a more detailed view of our strategic direction and the priorities we have set at Kindred,” said Tjärnström. “We have been a driving force in the transformation of the industry and understood early on the requirements to succeed in a regulated and complex local environment. We now have essential building blocks in place and I am fully confident in the direction in which we are heading.

“It is also very encouraging to see progress in the development of our Kindred Sportsbook platform, with key milestones already achieved, towards a select market launch towards the end of 2023.”

“The entry into the Netherlands has also exceeded our expectations and we are on track to achieve our ambition of a 15% market share by the end of the year,” concluded Tjärnström.

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