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Kindred Group posts revenue growth but Q1 profit slides

24th April 2020 10:03 am GMT
Kindred
SBTech

Stockholm-listed operator Kindred Group has reported an 11 per cent increase in first quarter revenue to £249.7m, although profit for the period was impacted by additional restructuring costs, non-cash charges and a provision relating to its disputed regulatory sanction in Sweden.

With the majority of the first quarter largely unaffected by COVID-19, sports betting revenue increased by 15 per cent year-on-year to £122.5m, with live betting representing 42 per cent of the total. Gross margin for [...]

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