Brief: Kindred Group Q3 Pre-Tax Profit Down At GBP 60.3 Mln

Kindred

27/10/2022 06:42

Oct 27 (Reuters) - Kindred Group PLC  KINDsdb.ST :
    * INTERIM REPORT: JANUARY - SEPTEMBER 2022 (UNAUDITED)
    * Q3 TOTAL REVENUE (B2C AND B2B) WAS GBP 277.8 (298.4)
MILLION
    * Q3 GROSS WINNINGS REVENUE (B2C) DECREASED BY 9 PER CENT TO
GBP
271.9 (298.4) MILLION
    * Q3 UNDERLYING EBITDA DECREASED BY 52 PER CENT TO GBP 40.3
(84.8)
MILLION
    * LIKE NETHERLANDS, MOST OF OUR MARKETS ARE DISPLAYING SOLID
PERFORMANCES
    * Q3 PROFIT BEFORE TAX AMOUNTED TO GBP 60.3 (71.8) MILLION,
    * Q3 PROFIT AFTER TAX AMOUNTED TO GBP 57.9 (60.6) MILLION
    * WHILE WE EXPECT INCREASED AFFORDABILITY REQUIREMENTS, WE
REMAIN
POSITIVE ON CLARITY OF FUTURE REGULATIONS AND BELIEVE THAT
ENHANCED SUSTAINABILITY MEASURES WILL BENEFIT OUR OPERATIONS IN
LONG TERM AS RISK LEVELS WILL DECREASE
    * WE ESTIMATE TO ACHIEVE A 15 PER CENT MARKET SHARE IN THE
NETHERLANDS IN THE FOURTH QUARTER
    * CONFIDENT WE HAVE NOW PASSED THE WORST IN TERMS OF
UNDERLYING
EBITDA MARGIN, WITH Q3 ALREADY SHOWING SIGNIFICANT IMPROVEMENTS
COMPARED TO PREVIOUS QUARTERS
    * WE LOOK FORWARD TO A VERY EXCITING FOURTH QUARTER, WITH
THE
FOOTBALL WORLD CUP TAKING PLACE BETWEEN 20 NOVEMBER AND 18
DECEMBER

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