Henrik Tjärnström, CEO of Kindred, has said that the business return to the Netherlands is “exceeding expectations”. He added that the business expects to see a positive contribution from the market soon, despite limited marketing efforts in the country.

[On Friday] Kindred reported a 32.2% decline in revenue for the first half of the year, with the business experiencing decreases across all major divisions.

Throughout the report the business excluded revenue from the Netherlands, as it had withdrawn from the country to comply with regulation. It relaunched earlier this month, bringing an end to a nine month-long absence.

Previously, Kindred had said that the withdrawal could affect earnings by up to £144m ( €170.1m/$171.1m).