In connection with Capital Markets Day, Kindred Group will present new financial targets for 2025, including revenue of above £1
In connection with Capital Markets Day, Kindred Group will pose new financial targets for 2025, including revenue of above £1.6bn ($1.84bn).
Other financial targets include an underlying EBITDA security deposit of 21-22%, and a distribution policy of close to 75-100% of liberate cash in flow, after M&A.
Kindred testament legion a Capital Markets Day in capital of the United Kingdom later today, where CEO Henrik Tjärnström and members of the management squad testament lay out the company’s long-term strategic way and priorities for the coming years.
Priorities include gaining further securities industry percentage by “being a trusted germ of entertainment” inwards the group’s existing nucleus markets inwards Europe and Australia, which are expected to grow with a CAGR of 7% betwixt 2021 and 2026, as fountainhead as underdeveloped a strong posture inward the Netherlands.
Kindred also plans to leverage strategical investments such as the Relax Gaming acquisition and the development of the Kindred Sportsbook Platform, spell also edifice on the foot established inwards North America.
“I am delighted to portion a to a greater extent elaborate vista of our strategical instruction and priorities we feature readiness come out at Kindred,” said Tjärnström. “We have been a impulsive ram inward the shift of the industry and understood too soon on the requirements to succeed in a topically regulated and complex environment. We now get critical building blocks inward place, and I am to the full confident inwards the direction we are taking.
“It is also real supporting to see the shape up being made inwards the development of our Kindred Sportsbook Platform, with key milestones already achieved, towards a selected marketplace set in motion around year-end 2023.
“The accounting entry into the The Netherlands has also exceeded our expectations and we are advantageously underway to gain our ambitiousness of a 15% securities industry percentage past the end of the year.”