Finance

Kindred Group suffers 32% H1 EBITDA fall

Shares in the Stockholm-listed operator drop 19% as tough comps and higher betting duties hurt profits

Kindred Group today reported a 32% drop in H1 EBITDA to £61.1m, down from £89.2m from the same period last year despite a 6% revenue rise to £450.6m. The operator blamed the EBITDA dip on a tough comparative period against the 2018 World Cup in Russia, as well as higher betting duties in core markets…

Finance | Henrik Tjarnstrom | Kindred Group | Marketing | Nordics | Sweden | Unibet | USA

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