Kindred Group Soars In Unaudited 2016 Results
By Casinomeister, Last updated Feb 17, 2017
Achieves a series of all-time highs
Kindred Group plc (formerly Unibet) has reported a series of all-time highs in its fourth quarter and full year 2016 results.
Key performance highlights for the fourth quarter and full year 2016 period ending December 31, 2016 include:
Gross winnings revenue of GBP 152.0 million (Q4/2015: GBP 111.4 million), and GBP 544.1 million (2015: GBP 354.1 million) for full year 2016.
Underlying EBITDA came in at GBP 39.3 million (Q4/2015: GBP 27.1 million, and GBP 123.7 million (2015: GBP 80.8 million).
Profit before tax amounted to GBP 30.1 million (Q4/2015: GBP 21.3 million) for the fourth quarter, and GBP 92.8 million (2015: GBP 62.2 million) for the full year 2016.
Profit after tax for the fourth quarter of 2016 amounted to GBP 29.4 million (Q4/2015: GBP 19.4 million), and GBP 83.9 million (2015: GBP 55.7 million) for full year 2016.
Earnings per share for the fourth quarter of 2016 were GBP 0.129 (Q4/2015: GBP 0.084) and GBP GBP 0.366 (2015: GBP 0.244) for the full year 2016.
Number of active customers at the end of the quarter was 1,150,027 (2015: 921,150).
A dividend of GBP 0.310 per share/SDR (Q4/2015: GBP 0.235) has been proposed by Kindred's Board of Directors equating to around SEK 3.46 (Q4/2015: SEK 2.87) per share/SDR. The total dividend amounts to a distribution of GBP 71.4 million (2015: GBP 54.0 million) to shareholders.
Kindred revealed 35 percent of the Group's gross winnings revenue were generated by locally regulated markets, while the mobile channel grew 74 percent and accounted for 71 per cent of total gross winnings revenue in the fourth quarter.
The momentum has continued into 2017, Henrik Tjärnström, chief executive officer of Kindred Group, reports: "In the period up to , average daily Gross winnings revenue in GBP was 36 per cent higher compared to the same period in 2016. Adjusting for the impact of exchange rate changes, the growth was 21 per cent".
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