Tag Archives: Henrik Tjänrström

Winning Post: Nordic Noir for Norway & Finland

SBC News Winning Post: Nordic Noir for Norway & Finland

Regulus Partners casts its eyes to Nordic affairs, where two recent legal judgements portray a fragmented future for European gambling’s most lucrative marketplace… Two court cases decided last week affirm our view that Nordic grey markets are fast approaching some form of regulatory clarity. While Betsson won its case in Finland, Kindred lost in Norway, with the court ordering that …

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Henrik Tjärnström: UK White Paper a window of opportunity for Kindred

Kindred UK

Kindred Group has a history of navigating regulatory changes across Europe, Group CEO Henrik Tjärnström informed investors in a webcast this morning, and remains confident in the face of impending reforms in the UK, Belgium and the Netherlands. A very British future Answering a question from SBC following the group’s Q1 trading update, Tjärnström remarked that the upcoming UK White …

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Kindred fails to match ‘ambitious expectations’ as 2022 profits tumble by 60%

kindred

​​Kindred Group will take “immediate actions to improve profitability” following 2022 difficulties, which saw its business witness double-digit declines across all core trading metrics.   A ‘difficult year’ had been previously outlined by Kindred leadership, as revenue declined by 15%, despite a performance bounceback in the fourth quarter, although this too fell short of group ambitions. In its trading update for …

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Kindred renews EPIC collaboration in pursuit of 0% harmful revenue

SBC News Kindred renews EPIC collaboration in pursuit of 0% harmful revenue

Seeking to maintain track on its policy of achieving ‘net zero’ revenue from harmful gambling by 2023, Kindred Group has signed a partnership with EPIC Risk Management. An extension of the Swedish multinational betting operator’s long-running partnership with the gambling harm minimisation consultancy, the arrangement will see EPIC analyse and improve the firm’s human intervention mechanisms.  The announcement comes shortly …

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Kindred H1 rocked by compounded KOA and Euro market drags 

SBC News Kindred H1 rocked by compounded KOA and Euro market drags 

Kindred Group Plc has reported a further frustrating quarterly trading period as business performance continues to be interrupted by short-term Euro market headwinds.  Publishing its H1 2022 interim trading results, the firm registered a 32% drop in year-to-date corporate revenues (B2C+B2B) to £485m (H12021: £716m). Reflecting a further trading period with no income generated from the Dutch market, Kindred reported …

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Kindred sharpens proprietary focus to counter post-covid global realities 

SBC News Kindred sharpens proprietary focus to counter post-covid global realities 

Kindred Group Plc remains optimistic of its long-term prospects, as short-term European market headwinds have ‘applied temporary pressure to its headline revenue and profits’.  Publishing its Q1 trading statement (unaudited period ending 31 March), Kindred registered corporate revenues of £247 million, down 31% on corresponding 2021 results of £352 million. A tough opening to 2022 trading saw Stockholm-listed online gambling …

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Kindred lauds open customer feedback to help secure sustainability goals   

SBC News Kindred lauds open customer feedback to help secure sustainability goals   

Kindred Group Plc has published its Sustainability Report for 2021, updating investors and corporate stakeholders on the progress of its long-term CSR objectives and underlining a sustainable operating strategy.  Entering 2021, Kindred’s executive leadership team announced that the Stockholm-listed operator would become the first online gambling plc to report on safer gambling and sustainability metrics as a financial duty. The …

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Kindred lauds product excellence as uninterrupted H1 delivers record results 

SBC News Kindred lauds product excellence as uninterrupted H1 delivers record results 

Kindred Group Plc has registered record gains across its H1 metrics, following an ‘exceptionally strong business period’.  Publishing its H1 2021 interim results (period ending 30 June), the Stockholm listed online gambling group declared period profits of £160 million – up 575% on 2020’s corresponding H1 results of £27.8 million. Though performance comparatives were set against the peak COVID-19 impacts …

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Kindred adds ‘sustainability council’ to its boardroom duties

SBC News Kindred adds 'sustainability council' to its boardroom duties

Kindred Group Plc has published its ‘2020 Sustainability Report’ outlining its progress on core objectives related to social responsibility, safer gambling, customer care, employee well-being and corporate governance.  2020 saw Kindred become the first publicly listed online gambling firm to disclose ‘transparent KPIs’ tracking the percentage of gross-win revenues derived from harmful gambling.  Transparent KPIs have been added to the …

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Henrik Tjärnström: ‘No sleep till Kindred hits 0% harm’ 

SBC News Henrik Tjärnström: ‘No sleep till Kindred hits 0% harm’ 

Kindred Group’s pledge to incorporate ‘transparent safer gambling metrics’ as part of its financial reporting duty has been deemed a ‘leadership milestone’ by company chief executive Henrik Tjärnström. This week, Kindred became the first listed operator to publicly disclose information on its share of corporate revenues generated from ‘high-risk customers’, alongside further data tracking its group-wide safer gambling efficiencies. Tjärnström …

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