Kindred Group Plc trades with confidence towards achieving its annual corporate guidance on firm cost controls and sustainable income. Publishing its H1 2024 Interim trading accounts, the Stockholm-listed online gambling group’s H1 corporate revenues stood at £635m [$819m], up 4% on 2023 comparatives of £614m [$792m].
Headline growth reflects strong Q2 trading, in which Kindred brands serviced 1.7m active customers (+12%) generating an income of £328m, up 7% on corresponding 2023 results of £307m.
Period trading withstood the full closure of Kindred’s US business, as revenue focused returned to core markets and generating sustainable income.
Of significance, operating on new cost controls, Kindred generated a Q2 EBITDA result of £74m, up 32% on like-for-like 2023 comparatives of £55m, and marking its best earnings quarter since Q3 2021 (result: £84m).
