Kindred Group Plc has detailed improved financial results and corporate KPIs, closing full-year 2023 trading.

The board of the Stockholm-listed online gambling group published a preliminary trading update due to the €2.6bn [$2.8bn] takeover offer tabled this morning by Groupe Française des Jeux (Groupe FDJ).

Q4 results saw Kindred achieve period revenues of £313m [$398m], reflecting a 2% increase on 2022 comparatives of £306m [$389m]. The revenue increase reflected ‘stable growth’ in the UK, Netherlands, and Romania, combined with strong results of the Relax Gaming (B2B) unit.

Kindred detailed that headline revenues continue to be impacted by regulatory adjustments in Belgium and Norway, “continuing to impact adversely on overall growth.”