Kindred shares dip despite 36% revenue rise

Stockholm-listed operator reports an EBITDA increase of 56.7% but growth appears to have slowed in the Nordics

Kindred Group today reported Q1 revenue growth of 36% to £207.8m, although the firm’s share price dipped over fears of slowing growth in both sports and gaming. Sportsbook revenues climbed 43% year-on-year to 45% of group revenues, in part thanks to favourable sporting results. Sports margins “normalised” at 8.2% after the Stockholm-listed operator experienced exceptional…

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