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Weaker than expected Q4 performance impacts Kindred Group profit

13th January 2023 10:28 am GMT
Kindred Group

Shares in Kindred Group slumped by more than 16 per cent in Stockholm Friday after the operator posted lower revenue than expected for the final quarter of 2022, with a historically low gross profit margin and considerable marketing investments having a negative impact on its profitability.

Kindred’s revenue increased by 24 per cent year-on-year to £305m in Q4, and was up by 3 per cent excluding the Netherlands, although the company said that the revenue development [...]

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