Kindred has reported a full-year revenue increase of 13 per cent for 2023, with Nils Andén becoming the company’s new permanent CEO.
Revenue for the year rose to £1.2bn, while gross winnings revenue (B2C) jumped by 12 per cent to £1.2bn.
Loss before tax was £19.1m (profit of £51.9m), with loss after tax £18.7m (profit of £51.9m).
Kindred added that its underlying EBITDA increased by 58 per cent to £204.5m.
As reported in January alongside the £2.1bn deal to be acquired by French operator group La Française des Jeux, Q4 revenue rose by two per cent to £312.9m.
Andén said: “During 2023, we provided guidance of GBP 200 million in underlying EBITDA and I am very pleased that we have delivered on that target.
“Our performance demonstrates that Kindred is able to grow profitably within highly regulated markets. During 2023, 82 per cent of Gross winnings revenue was generated from locally regulated markets.”
On becoming Kindred’s new permanent CEO, he said: “We have a great team who are working hard to deliver on an exciting strategy that will strengthen Kindred’s position in locally regulated markets and I look forward to continue to execute on our plan.”
