Tag Archives: Henrik Tjärnström

Kindred suspends dividend payouts to protect company’s liquidity

Stockholm-listed Kindred Group Plc has reported a strong start to 2020 trading as part of a corporate update on COVID-19 developments but has been forced to suspend dividend payments as a result of the outbreak. Despite facing unprecedented circumstances, Kindred has forecasted group gross win revenues within the £247-252 million range, maintaining growth against Q1 2019’s £225 million.  This is …

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Henrik Tjärnström: Kindred is unafraid of challenging the status quo on sustainable practices

Stockholm-listed Kindred Group has lauded its ability to ‘challenge the status quo’ when it comes to responsible gambling efforts, emphasising that the group can adapt its business strategy facing the realities and demands of sustainable gambling. Publishing its third annual ‘Sustainability Report’, Kindred has outlined five key priority areas which it will focus on in the coming years including ‘responsible …

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Tax realities bite Kindred in year of corporate adjustments

Stockholm-listed Kindred Group has reported that a group-wide increase on taxes and a significant jump in operating costs has weighed heavily on its Q4 and full-year performance. Publishing its year end report for January – December 2019, Kindred revealed that due to the changes in betting duties across France, the financial impact to Kindred has been ‘greatly increased’. Henrik Tjärnström, …

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Kindred Group strengthens EFDN partnership

Kindred Group has been named as the first commercial Community Partner of the European Football Development Network (EFDN), which will see the two ‘promote the power of football as a tool for social development.’ The announcement comes as the betting and gaming group builds upon its initial agreement made in Spring 2019, which saw Kindred sponsor EFDN’s ‘Active Fans’ programme. …

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Home market adjustments impact Kindred’s YTD profits

Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …

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Henrik Tjärnström – Kindred will reap benefits of its ‘local appeal’

Speaking to Kindred Group Plc investors, Group CEO Henrik Tjärnström said that the Stockholm-listed online gambling group will demonstrate its capacity as it arrives at its ‘peak season’ of activity, entering the closing months of 2019. Tjärnström acknowledged a tough but anticipated H1 2019 trading period, in which Kindred has undertaken significant adjustments to realign its operations to be compliant …

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Kindred ups operating costs to accommodate for licensed realities

Publishing its unaudited 2019 interim report (January-June), Stockholm-listed Kindred Group Plc has detailed confidence in its long-term prospects, as the company continues to adjust to new regulated market demands across its operating territories. Despite competing against a tough comparative period featuring World Cup 2018 trading, Kindred continued its positive revenue momentum by recording year-to-date group gross winnings of £450 million …

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Kindred Group recognised as Top-30 UK employer

‘Best Workplaces’ a UK index measuring employer and employee wellbeing have named industry incumbent Kindred Group Plc as one of the ‘top 30 workplaces’. The Stockholm-listed enterprise has ranked as a top UK workplace, as a large company employing 250-to-1000 staff members. In its review, Best Workplaces described Kindred as maintaining ‘a great working environment’ for its ‘diverse workforce’, with …

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Home market costs sit heavy on Kindred Group’s 2019 opening

Stockholm-listed Kindred Group Plc reports a tough opening to its 2019 trading, as the online gambling group undertakes a series of adjustments related to its home market of Sweden. Publishing its unaudited Q1 2019 trading update , Kindred maintains its strong group revenue momentum recording ‘Gross winnings’ of £224 million (Q1 2018: £208m), However  Swedish market costs have impacted metric …

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Kindred moves to new Stockholm HQ with commitment to hiring 250 new employees

Kindred Group Plc has today moved to its new ‘state-of-the-art’ headquarters, located at the ‘AMF Urban Escape’ building in Central Stockholm. First announced in November 2017, Kindred’s relocation sees 350 Stockholm employees staffed in a purpose built, innovation-enabling 7,000 sqm office designed by AMF Fastigheter. Kindred has taken over two floors at the Urban Escape’s ‘Regeringsgatan 29 building’ starting April …

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