In connection with Capital Markets Day, Kindred Group will present new financial targets for 2025, including revenues in excess of £1.6 billion (US$1.84 billion). Other financial targets include an underlying EBITDA margin of 21-22%, and a distribution policy of approximately 75-100% of free cash flow after mergers and acquisitions.
Kindred will host a ‘Capital Markets Day’ in London further, where CEO Henrik Tjärnström and members of the management team will present the company’s strategic direction and long-term priorities for the coming years.
Priorities include gaining greater market share by “being a trusted source of entertainment” in the group’s existing core markets in Europe and Australia, which are expected to grow at a CAGR of 7% between 2021 and 2026, as well as developing a strong position. In Holland.
Kindred also plans to leverage strategic investments in the sports betting and online gaming industry, such as the acquisition of Relax Gaming and the development of the Kindred Sportsbook Platform, while building on the foundation established in North America.
“I am pleased to share a more detailed view of our strategic direction and the priorities we have set at Kindred,” said Tjärnström. “We have been a driving force in transforming the industry and we understood early on the requirements to succeed in a regulated and complex local environment. We now have critical building blocks in place, and I am fully confident in the direction we are heading.”
“It is also very encouraging to see progress in the development of our Kindred Sportsbook platform, with key milestones already achieved, towards a select market launch around the end of 2023.”
“Entering the Netherlands also exceeded our expectations and we are well on our way to achieving our ambition of a 15% market share by the end of the year,” concluded Tjärnström.