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Strong year for Kindred Group despite Q4 struggles

9th February 2022 10:49 am GMT
Kindred

Stockholm-listed Kindred Group has enjoyed its strongest year to date as total revenue increased by 11 per cent to £1.26bn in 2021, despite a decline during the final quarter of the year.

Revenue fell by 33 per cent to £244.9m in Q4 2021 due to tough comparatives, the temporary withdrawal from the Dutch market and lower-than-average sports betting margins.

This led to a 34 per cent drop in gross winnings revenue to £240.5m in the fourth quarter, [...]

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