Kindred Group reports impressive full year 2017 results
News on 14 Feb 2018
News on 14 Feb 2018
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.
