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Kindred shares slump 20% as revenue growth slows in second quarter

24th July 2019 8:25 am GMT
Kindred

Stockholm-listed operator Kindred Group has reported a 3 per cent increase in gross winnings revenue to £226.2m for the second quarter of 2019, with revenue from the Nordic region falling by 9 per cent.

The operator said that despite "very tough" 2018 comparatives, which included the start of the FIFA World Cup, revenue grew by 4 per cent year-on-year in constant currency, with strong growth in locally licensed markets.

Of Kindred’s Q2 revenue, 59 per cent came [...]

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