Brief: Kindred To Propose No Dividend For 2023

Kindred

07/02/2024 06:42

Feb 7 (Reuters) - Kindred Group PLC  KINDsdb.ST :
    * Q4 GROSS WINNINGS REVENUE (B2C) INCREASED BY 2 PER CENT TO
GBP
301.6 (295.1) MILLION
    * BOARD OF DIRECTORS DO NOT PROPOSE A DIVIDEND IN RESPECT OF
FINANCIAL YEAR 2023
    * DURING 2023, 82 PER CENT OF GROSS WINNINGS REVENUE WAS
GENERATED
FROM LOCALLY REGULATED MARKETS
    * CASINO & GAMES SEGMENT CONTINUES TO GROW WELL,
CONTRIBUTING 57
PER CENT OF GROSS WINNINGS REVENUE DURING Q4
    * CLOSURE OF OUR NORTH AMERICAN BUSINESS IS ON  SCHEDULE,
WITH
NEGATIVE CASH FLOW IMPACT  ANTICIPATED TO BE GBP 15 MILLION
    * DURING 2023, WE PROVIDED GUIDANCE OF GBP 200 MILLION IN
UNDERLYING EBITDA, AND WE HAVE DELIVERED ON THAT TARGET
    * Q4 SAW SUSTAINED ABOVE-MARKET  PERFORMANCE IN NETHERLANDS,
UK,
ROMANIA,  WHICH COMBINED WITH CONTINUED GROWTH IN OUR B2B 
SEGMENT

Source text for Eikon:  ID:nWkr2C5kv8 
Further company coverage:  KINDsdb.ST 

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