New targets, Q3 update lift Kindred shares

Kindred

14/09/2022 08:59

** Shares in Kindred  KINDsdb.ST  rise nearly 3% after the
Swedish online gambling group announced new long-term financial
targets and updated on Q3 performance  urn:newsml:reuters.com:*:nFWN30K1VM
    ** The group said it aims at reaching revenue of above GBP
1.6 bln as well as an underlying EBITDA margin of 21-22% in 2025
    ** It also reported that for the period up to and including
Sept. 11, when excluding the Netherlands, daily gross winnings
revenue grew by 6%
    ** Kindred also said that in Q3 it expects to report an
underlying EBITDA of between GBP 37-42 mln and revenue of GBP
270-280 mln
    ** Mean forecasts by analysts polled by Refinitiv lie at the
lower ends of the ranges given by the company -- revenue seen at
GBP 270 mln, EBIDTA at GBP 37 mln


 (Reporting by Louise Breusch Rasmussen)
 ((Louisebreusch.rasmussen@thomsonreuters.com))