Kindred reports 55 year-on-year revenue increase for Q2 2021

Kindred Group has reported revenue of £363

Kindred Group has reported revenue of £363.7m ($499.6m) for the 2nd billet of 2021, a 55% increase from the prior-year period.

Underlying EBITDA rose from £51.7m to £114.3m, with liberate hard cash flux amounting to £82.1m. Profit before task was £102.5m, with profit after task amounting to £87.1m. Kindred’s identification number of combat-ready customers meanwhile grew from 1,313,399 to 1,907,276.

The radical noted that the ensue for Q2 2021 was impacted past M&A costs of £3.7m connected to the acquisition of Relax Gaming, and a course credit of £4.2m followers a reducing of the disputed regulatory indorsement from the Swedish Gambling Authority.

Kindred also reported its financial results for the foremost half of 2021, with revenue increasing by 48% year-on-year to £716.3m. Underlying EBITDA rose from £94.2m to £212.3m, patch disengage cash flux amounted to £172.2m.

“I’m pleased to insure in time another great billet for Kindred with continued ontogenesis crossways both the sports and gambling casino production segments and a unexampled all-time richly inward fighting(a) customers of over 1.9 million,” said Kindred CEO Henrik Tjärnström.

“The acquisition of the remaining owing(p) shares inwards Relax Gaming, a high-margin and fasting growing B2B business, is an of import voice of our long-term strategy and further increases our centering on mathematical product differentiation,” added Tjärnström. “I assure outstanding potential in this deal, granting us the power to cater customers with more unique content, increasing our flexibility and improving our destruction to final stage client experience.”

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