Kindred Post Record Profits For 2020

Online gaming company the Kindred Group have announced their Q4 and full yearly results showing the final quarter of the year ended with gross winning revenues of £364.7 million, an increase of 54% from the same period last year.

Underlying EBITDA was £118m compared to £30.7 million in 2019, profit before tax for the quarter hit £98.7 million, which compared to the same quarter in 2019 was £13.3 million.

For the full year the company reported gross winnings revenue of £1.13 billion up from the previous year which was £912.8 million.

Profit before tax hit £193.1 a huge rise compared to the previous year which was £67.1 million.

CEO Henrik Tjärnström said: “I am pleased that we can finally put 2020, a difficult year for most people, businesses and countries, behind us. It has certainly been a year we will all remember. At Kindred, we have successfully managed to navigate these uncertain times and have continued to attract customers who enjoy a safe and entertaining gambling experience.”