Kindred Group wins Slots Operator of the Year

Kindred Group has yet another successful year at the EGR Awards 2017 by winning Slots Operator of the Year. The award is a testament to the hard work in adapting product offerings to specific customer preferences, and once again proves Kindred’s exceptional customer focus.

 

Kindred Group (previously Unibet Group) has always prided itself in finding the best quality and product offering to suit specific customer preferences, and was awarded for the hard work at the EGR Awards last week by taking home the Slots Operator of the Year award.

 

Customer centricity continues to be a driving force within Kindred. This is why Kindred spends a lot of time and effort to test, evaluate and discuss the products together with the suppliers, often developing bespoke and exclusive games for the Group. Furthermore, substantial efforts have gone into improving the customer experience and interaction on mobile channels by utilizing the latest features and technology on the market. With that, Kindred can support all elements of the customer journey, such as accessibility, advanced game finding and regulatory requirements, across multiple brands and markets.

 

“Winning the Slots Operator of the Year award is a true testament to the hard work and passion our teams have put in to continuously improve our customers’ experience. We know and understand our customers well, which benefits our internal development and is why we work closely with our suppliers to develop game content that our customers want. This has always been our philosophy and will continue to be so going forward”, says Fredrik Kjell, Head of Gaming at Kindred Group.

Left: Fredrik Kjell, Head of Gaming at Kindred Group
Third from left: Cristiano Blanco, Head of Casino at Kindred Group

 

For more information:

Fredrik Kjell, Head of Gaming at Kindred Group
fredrik.kjell@kindredgroup.com

Alexander Westrell, Group Head of Communications

+46 73701686

alexander.westrell@kindredgroup.com

 

About Kindred Group

Kindred Group is listed on Nasdaq Stockholm Large Cap, and is one of Europe’s largest online gambling operators. Kindred Group is home to 11 brands, which serve over 20 million customers worldwide. Kindred Group is a member of the European Gaming and Betting Association (EGBA) and founding member of ESSA (sports betting integrity). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on www.kindredgroup.com.

 

Download Press Release (pdf)

Kindred Group plc – Interim report January – September 2017 (unaudited)

Third quarter and the period January to September highlights

  • New all-time high in Gross winnings revenue of GBP 193.6 (142.3) million for the third quarter of 2017, and GBP 513.4 (391.3) million for the period January to September 2017.
  • Underlying EBITDA for the third quarter of 2017 was GBP 46.8 (33.9) million, and GBP 110.5 (84.4) million for the period January to September 2017. 
  • Gross winnings revenue contribution from 32Red was GBP 18.6 million and underlying EBITDA was GBP 3.7 million.
  • Profit before tax for the third quarter of 2017 amounted to GBP 35.0 (24.8) million, and GBP 76.1 (62.7) million for the period January to September 2017. For the first nine months, this includes non-cash fair value adjustments of GBP 3.1 million relating to discontinued brands.
  • Profit after tax for the third quarter of 2017 amounted to GBP 29.9 (21.0) million and GBP 66.6 (54.5) million for the period January to September 2017.
  • Earnings per share for the third quarter of 2017 were GBP 0.131 (0.091) and GBP 0.293 (0.237) for the period January to September 2017.
  • Underlying earnings per share for the third quarter of 2017 were GBP 0.137 (0.095) and GBP 0.325 (0.249) for the period January to September 2017.
  • Number of active customers during the quarter was 1,219,761 (1,067,910). Of these, 120,171 were customers of 32Red.

“A record quarter for revenue and profit, supported by the acquisition of 32Red”

“I am delighted to report record revenues and profitability for Kindred Group in the third quarter of 2017 driven by strong growth across our major markets and solid cost control.”

“Despite the absence of a major football events this quarter, the organic Gross winnings revenue growth in constant currency was 17 per cent compared to the same period last year, which demonstrates that we continue to gain market share. 32Red contributed GBP 18.6 million of Gross winnings revenue and GBP 3.7 million of underlying EBITDA. This acquisition also brings new expertise into our teams and additional locally regulated revenue and opportunities for future revenue and cost synergies. In the third quarter of 2017, 41 per cent of the Group’s Gross winnings revenue came from locally regulated markets.”

“Our underlying EBITDA reached a new all-time high at GBP 46.8 million for the third quarter, up 38 per cent compared to the same period last year. The underlying organic EBITDA in constant currency was up 20 per cent.”

“Our focus on mobile strategy has enabled us to remain at the forefront of industry developments. In the third quarter, Gross winnings revenue from mobile grew by 51 per cent compared to the third quarter last year and amounted to 71 per cent of our total Gross winnings revenue.”

“In the period up to 22 October 2017, with approximately 50 per cent higher than normal sports book margins, average daily Gross winnings revenue in GBP was 68 per cent higher compared to the same period in 2016. Adjusting for the acquisition of 32Red and the impact of exchange rate changes, the growth was 57 per cent,” says Henrik Tjärnström, CEO of Kindred Group.

Today, Friday 27 October 2017, Kindred Group’s CEO Henrik Tjärnström will host a presentation in English at FinancialHearings, Tändstickspalatset, Västra Trädgårdsgatan 15, in Stockholm at 9.00 CEST.

Please go to financialhearings.com to sign in. The presentation is also webcast live on www.kindredgroup.com.

For those who would like to participate in the telephone conference in connection with the presentation, the telephone number is

UK: +44 20 3008 9807 or in the USA: +1 855 752 2235.

The Kindred Group companies hold local gambling licences in UK, France, Belgium, Denmark, Germany (Schleswig-Holstein), Italy, Australia, Ireland, Romania and Estonia. The Kindred Group also holds international gambling licences in Malta and Gibraltar. The Kindred Group pays betting duties in all markets in accordance with applicable local laws.

The information in this report is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation,

For further information please contact:

Inga Lundberg, Investor Relations                                                     +44 788 799 6116

Henrik Tjärnström, CEO                                                                      +46 723 878 059

About Kindred Group

Kindred Group is listed on Nasdaq Stockholm Large Cap, and is one of Europe’s largest online gambling operators. Kindred Group is home to 13 brands, which serve over 20 million customers worldwide. Kindred Group is a member of the European Gaming and Betting Association (EGBA) and founding member of ESSA (sports betting integrity). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on www.kindredgroup.com .

Kindred-Group-plc-Interim-report-July-–-September-2017 (PDF)

Kindred Futures and Cockroach Labs Partner to Build a Next Generation Global Online Gaming Platform

Kindred Futures, the innovation arm of Kindred Group (previously Unibet Group), today announces a partnership with Cockroach Labs to develop a world-leading database solution. This will allow Kindred to greatly improve the experience for its 20 million customers.

As Kindred Group continues to grow its active customer base around the world, the distance from each customer’s device to the datacentres increases, resulting in potentially lower speeds, performance, and reliability. By collaborating with Cockroach Labs to develop a state-of-the-art database solution, Kindred will be able to greatly improve the customer experience across all Kindred brands.

Kindred Futures will collaborate with CockroachDB to investigate specific challenges for Kindred, and drive the product development. As a rapidly expanding business operating in a regulated industry with strict data privacy and technical requirements, Kindred offers an ambitious use-case to help shape the development of CockroachDB. Outside of Google, there is no solution like this, and Cockroach’s unique approach offers a great partnership opportunity for Kindred Futures.

Cockroach Labs are the company behind CockroachDB, the world’s first open source distributed database built to replicate itself around the world and survive even datacentre outages. Founded in 2015 by three ex-Google employees, Cockroach Labs were inspired by the Google Spanner database platform, but sought to make this technology available for businesses around the world. Cockroach Labs recently released CockroachDB 1.1 and closed a $27m Series B round of funding.

Marcus Smedman, CTO of Kindred Group, commented “CockroachDB is exactly the product and team we’ve been seeking as we look for better ways to serve our growing base of global customers. Countries are becoming more protective of their citizens’ data, and we need a partner that can help us to better serve global users while remaining compliant with domestic regulations.”

Spencer Kimball, CEO and Co-Founder of Cockroach Labs, commented “Working with Kindred has been instrumental in helping us refine our product market fit. The real genius in the partnership is its mutual benefit: Kindred helps us build a product better suited to its needs, and they remain at the forefront of technological innovation.”

To find out more about Kindred Futures, visit http://www.kindredgroup.com/kindred-futures/

For more information 
Chris Batchelor: chris.batchelor@kaper.uk.com or +44 20 3301 2082

Will Mace, Head of Kindred Futures: will.mace@kindredgroup.com or +44 7736 276221

Jessica Edwards, Director of Marketing, Cockroach Labs: press@cockroachlabs.com

About Kindred Group

Kindred Group is listed on Nasdaq Stockholm Large Cap, and is one of Europe’s largest online gambling operators. Kindred Group is home to 13 brands, which serve over 20 million customers worldwide. Kindred Group is a member of the European Gaming and Betting Association (EGBA) and founding member of ESSA (sports betting integrity). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on www.kindredgroup.com .

About Kindred Futures 
Kindred Futures is Kindred Group PLC’s innovation arm which launched in 2016 to connect with startups and early-stage businesses. Acting as a value-adding partner for startups, Kindred Futures aims form mutually beneficial partnerships to explore strategically interesting opportunities arising from technological developments or customer trends. Kindred Futures is committed to seeking out the most interesting companies and entrepreneurs to transform the future of gambling. For more information please visit www.kindredfutures.com

About Cockroach Labs

Cockroach Labs is the company behind CockroachDB, the SQL database for building global cloud services. With a mission to Make Data Easy, Cockroach Labs is led by a team of former Google engineers who have had front row seats for nearly two decades of database evolution. The company is headquartered in New York City and is backed by an outstanding group of investors including Benchmark, G/V, Index Ventures, Redpoint, and Sequoia. For more information, visit us at cockroachlabs.com .

Download press release (pdf)

Invitation to Kindred Group’s financial presentation

Kindred Group plc will publish its Interim report for the third quarter 2017

on Friday 27 October 2017 at 07.30 (CEST).

In connection with this, Kindred Group’s CEO Henrik Tjärnström will host a presentation in English at FinancialHearings, Tändstickspalatset, Västra Trädgårdsgatan 15 in Stockholm at 09.00 (CEST).

Please go to www.financialhearings.com to sign in, in advance.

The presentation is also web casted live on www.kindredgroup.com .

For those who would like to participate in the telephone conference in connection with the presentation,

the telephone number is UK: +44 20 3008 9807, US: +1 855 753 2235.

Please call in, well in advance and register.

After the presentation there will be the opportunity to ask questions.

When the operator asks if there are any questions from the telephone conference,

please press the zero one on your phone.

The presentation will also be available on demand on www.kindredgroup.com .

For more information:

Inga Lundberg, Investor Relations  +44 788 799 6116

 

About Kindred Group
Kindred Group is listed on Nasdaq Stockholm and is one of Europe’s largest providers of online gambling and digital contents.  Kindred Group is home to 14 brands, which serve over 20 million customers worldwide. Kindred Group is licensed in Australia and 11 European member states. In November 2016 Kindred was awarded Operator of the year and Social responsible operator of the year and successfully completed 27 external regulatory audits. Kindred Group is a founding member of the European Gaming and Betting Association (EGBA) and ESSA (sports betting integrity). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU).

Read more on www.kindredgroup.com .

Kindred Invitation Q3 2017 (PDF)

Exchange rates for the third quarter of 2017

The net foreign exchange impact of the Kindred Group’s main trading currencies against its reporting currency of GBP is shown in the tables below. While this has no material impact on the underlying development in Kindred Group’s business, it does affect the reported results when translated into GBP.

The weighted average impact of GBP against Kindred Group’s main currencies was a positive impact on Gross winnings revenue of approximately 4 – 5 per cent in the third quarter of 2017 compared to the same period of 2016.

Balance sheet rates:
Rate to GBP  30-Sep-16 30-Sep-17 YoY Delta
SEK 11.174 10.943 2.1%
NOK 10.437 10.674 -2.3%
EUR 1.161 1.134 2.3%
DKK 8.654 8.440 2.5%
AUD 1.702 1.710 -0.5%
Income statement averages for the quarter:
Rate to GBP  Avg Q3 16 Avg Q3 17 YoY Delta
SEK 11.194 10.648 4.9%
NOK 10.934 10.416 4.7%
EUR 1.177 1.114 5.4%
DKK 8.760 8.287 5.4%
AUD 1.732 1.658 4.3%

The information in this report is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation, MAR.

For more information:
Inga Lundberg, Investor Relations, +44 788 799 6116

About Kindred Group
Kindred Group is listed on Nasdaq Stockholm Large Cap, and is one of Europe’s largest online gambling operators. Kindred Group is home to 11 brands, which serve over 20 million customers worldwide. Kindred Group is a member of the European Gaming and Betting Association (EGBA) and founding member of ESSA (sports betting integrity). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on www.kindredgroup.com .

Read the report here. (pdf)

A sold out 2nd annual Responsible Gaming Conference

Alfred Grixti, CEO of Foundation of Social Welfare Services, kicked off the conference by presenting the importance of gathering and utilising data. He mentioned that very few seek help, and encouraged the industry to help make data more accessible, to unitedly better tackle problem gambling.  Kindred Group’s CEO, Henrik Tjärnström, confirmed the importance of using data to better understand betting behaviour, also highlighting industry responsibility to ensure player safety. He continued by stressing that “a customer who does not enjoy gambling is not a good customer for us”. Nottingham Trent University Professor Mark Griffiths supported this, sharing valuable insights from his 30 years of research, bringing up accessibility and event frequency as important factors of betting behaviour. Also on the stage was four former gaming addicts, whom all moved the crowd by sharing their stories and experiences with problem gaming. Representing the Office of the Prime Minister, Hon. Silvio Schembri, the Parliamentary Secretary for Financial Affairs, Digital Economy and Innovation, shared his continued efforts on responsible gaming, by investing €1 million for treatment to local gaming addicts.

Using technology and innovation is important in the work around responsible gaming, with the industry creating awareness and educating customers to minimise harmful play. Ewout Keuleers, General Counsel at Kindred Group, ended the conference with re-emphasising the Kindred value of building on trust, and how it only applies with sustainable consumption. This coincides with Henrik Tjärnström’s earlier remark, that (at Kindred), “responsible gaming is an area we consider a key building block in our sustainable business strategy and therefore a topic we will continue to drive”.

Researchers point to Kindred’s collaboration in responsible gambling as way forward

Kindred Group, together with the Foundation for Social Welfare Services, on Wednesday hosted the Responsible Gaming Conference 2017 with experts from the industry, academia, treatment centres and regulators all agreeing on more collaboration to minimise problem gambling.

At a sold-out venue with 270 delegates, Kindred Group (previously Unibet Group) together with the Foundation for Social Welfare Services, hosted the second consecutive Responsible Gaming Conference. Experts from a range of different fields discussed responsible gaming in an open and honest dialogue.

Kindred’s CEO, Henrik Tjärnström, concluded in his opening remarks that customers who find gambling challenging or problematic, are simply not good for business. He continued to say that although customers make an informed adult choice, operators have a standard of care to customers to prevent problem gambling as well as to educate and create awareness.

Throughout the conference it was stressed that collaboration and sharing of knowledge and data across operators, regulators and researchers are key factors in learning more about problem gambling, which as a result can minimise its harmful effects.

Dr Jonathan Parke and Professor Mark Griffiths where both speakers at the event and presented key findings from recent research in the area of problem gambling.

“Kindred Group has played a critical role for executing research on problem gambling. During a time when industry collaboration in gambling research is attracting heavy criticism, we want to draw attention to this collaboration as an example of how industry can add value without any expectation of influence over any stage of research process. In this research, Kindred Group provided access to their data and customers, and provided significant manpower to meet our demanding data requests. The first time they will see how the data was used will be after it is published for full public consumption”, said Dr Jonathan Parke, Founder and Principle of consumer research hub Sophro.

“The real value of our research is when operators and regulators actually apply the findings to develop their operations and the work they do”, said Professor Mark Griffiths, Nottingham Trent University.

For more information:
Alexander Westrell, Group Head of Communications
+46 73 7071686
alexander.westrell@kindredgroup.com

Ewout Keuleers, Group General Counsel
+44 7810 206175
ewout.keuleers@kindredgroup.com

 

Download press release (pdf)

Kindred Group supports Gambling Therapy app

Kindred Group funds the development of a free Gambling Therapy app as part of the Group’s commitment to a safe and secure gambling environment for its customers. The app will be released in the four Nordic languages.

Gambling Therapy, part of the Gordon Moody Association, has released a free gambling therapy app targeted at problem gamblers. The app provides information about problem gambling, therapeutic exercises and support for people who are struggling with their gambling patterns. Kindred Group will be supporting Gambling Therapy financially to allow full development of the app.

Kindred Group is committed to operate a safe and secure business where customers can enjoy gambling in a responsible way. If gambling stops being joyful or entertaining, Kindred strongly encourages customers to take a break by using responsible gambling tools and to download the free Gambling Therapy app.

Maris Bonello, Integrity Analytics Manager says:
“We are very happy to be able to support the development of the Gambling Therapy app. Providing a safe and secure environment for our customers is at the very heart of Kindred, which is why we continue to support initiatives that can minimise the harm caused by gambling.”

The Gambling Therapy app will initially be released in all four Nordic languages (Swedish, Norwegian, Finnish and Danish).

Pedro Romero, Head of Gambling Therapy says:
“We are delighted with Kindred’s support to further develop the Gambling Therapy App, which will further help thousands of people struggling with their gambling. It is widely recognised within the industry that Kindred Group is a leader in Player Protection. This is thanks to the company’s commitment, its engagement and their Responsible Gambling team.”

For more information:

Ewout Keuleers, Group General Counsel
+44 7810 206175
ewout.keuleers@kindredgroup.com

Alexander Westrell, Group Head of Communications at Kindred Group
+46 73 7071686
alexander.westrell@kindredgroup.com

Download press release (pdf)

Kindred Group wins prestigious YouTube award

Last week, Kindred Group took home an award for the #LuckIsNoCoincidence campaign at the YouTube Works for Brands 2017 in London.

Kindred Group (previously Unibet Group) won an award for the use of the YouTube platform in the successful #LuckIsNoCoincidence campaign. YouTube played a major part in this campaign, which garnered 26 million views and 65 million minutes of watch time.

Last year, the campaign won six awards, including Best Marketing Campaign at the 2016 EGR Awards, the Grand Prix at the Direct Marketing Association awards and a Gold award for Best non-Retail Consumer at the Content Marketing Association awards.

YouTube Works for Brands is an initiative for brands and UK agencies to showcase their use of YouTube in delivering highly effective campaigns. The initiative is run by Google in partnership with leading industry body APG. In its inaugural year, Kindred Group was one of eight brands to receive an award among 50 entries that included brands such as Adidas, BT Sports, Tesco, and more.

After receiving the award, Pantelis Kotopoulos, Head of Inbound Marketing said; “We are humbled and proud to have won this award. More so, since it is coming by no other than the platform that is synonymous to online video, YouTube. Our unique strategy of creating an online content series combining science, data, and sport, successfully challenged our industry and helped Unibet stand out from the competition as a true innovator. ‘Luck is no coincidence’ is a testament to the great work our marketing teams are doing, and we are happy that a stellar line-up of independent judges voted for its great creative and fantastic results.” “This award from YouTube proves the great work our teams have done in creating a strong content series to increase brand awareness and boost sales. The content series drove significant brand consideration during Euro 2016.“ says Alison Sams, Head of Brand and Creative Services. YouTube has created a short video to celebrate the award and showcase the effective use of YouTube in the campaign run for Kindred Group’s Unibet brand which can be seen here https://youtu.be/VxUyeIcS6Uk.

Download press release. (pdf)

For more information:
Alexander Westrell, Group Head of Communications
+46 73 7071686
alexander.westrell@kindredgroup.com

Pantelis Kotopoulos, Head of Inbound Marketing
+44 7 720 498 024
pantelis.kotopoulos@kindredgroup.com

Exchange rates for the second quarter of 2017

The net foreign exchange impact of the Kindred Group’s main trading currencies against its reporting currency of GBP is shown in the tables below. While this has no material impact on the underlying development in Kindred Group’s business, it does affect the reported results when translated into GBP.

 

The weighted average impact of GBP against Kindred Group’s main currencies was a positive impact on Gross winnings revenue of approximately 7-8 per cent in the second quarter of 2017 compared to the same period of 2016.

 

Read the report. (pdf)

 

For more information:
Inga Lundberg, Investor Relations, +44 788 799 6116