Kindred targeting £1.6bn revenue and multinational growth by 2025

Kindred targeting £1.6bn revenue and multinational growth by 2025

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
  • Europe
  • Australia
  • Europe
  • Oceania
  • Sports Betting

Ahead of its press conference on Capital Markets Day, Kindred has released updated financial targets for the next three years, including fiscal and market expansion objectives.

In terms of headline monetary goals, Kindred is aiming to achieve revenue of £1.6bn by 2025, alongside an underlying EBITDA margin of 21-22% and a distribution policy of 75-100% of free cash flow.

From a markets perspective, the group seeks to further consolidate its position and gain further market share in its ‘core’ sectors of Europe and Australia, particularly eyeing up a stronger foothold in the Netherlands in the former.

Kindred noted that the Compound Annual Growth Rate (CAGR in Europe and Australia is expected to increase by 7% between 2021 and 2026, whilst H2 Gambling Capital predicts the Netherlands to ‘grow significantly in the coming years’.