14.03.2024

by Kajetan Sawicz

Kindred Group Achieves Milestones in 2023 Annual and Sustainability Report

Kindred Group’s recent publication of its 2023 Annual and Sustainability Report reflects a year of strategic triumphs and steadfast commitment to sustainability. Amidst global challenges, the company not only met its ambitious financial targets but also reinforced its dedication to being a trusted and positive force in the entertainment industry. This milestone underscores Kindred’s role as a frontrunner in setting industry standards for growth and responsibility.

A Year of Strategic Achievements and Sustainable Growth

Kindred Group has officially released its combined Annual and Sustainability Report for the 2023 financial year, marking a year of significant achievements and sustained growth amidst global challenges. The detailed report, now accessible on Kindred Group’s official website, offers an insightful look into the company’s strategic direction, key value creation drivers, and its unwavering commitment to sustainability.

Nils Andén, CEO of Kindred Group, in his commentary, reflects on the past year’s journey, emphasizing the company’s resilience and unity in the face of global geopolitical unrest. He proudly acknowledges Kindred’s successful growth story, attributing it to the collective spirit and dedication of the team. Andén states, “Kindred is an extremely successful growth story over the years, partly thanks to our ability to come together as a team, and we remain committed to our purpose of transforming gambling by being a trusted source of entertainment that contributes positively to society.”

Surpassing Financial Targets

With an initial ambitious target of reaching an underlying EBITDA of at least GBP 200 million by the end of 2023, Kindred Group not only met but surpassed expectations. This achievement stands as a testament to the group’s strategic focus and operational excellence. Looking ahead, Andén shares an even more ambitious goal, “Knowing that we can achieve what we set our mind to, as long as we remain focused and consistent, we have agreed with our Board to deliver an underlying EBITDA of GBP 250 million by the end of 2024.”

Further solidifying its operational and financial standing, Kindred Group has announced its Annual General Meeting scheduled for 26 April 2024 in Stockholm, Sweden. This meeting is anticipated to be a significant event, outlining the company’s future strategies and shareholder engagements.

In line with its sustainability ambitions, Kindred Group has taken a digital-first approach by making the 2023 Annual and Sustainability Report available exclusively in a digital format. This decision underscores the company’s dedication to reducing its environmental footprint and promoting sustainable practices.

Our Comment on the Report

The 2023 Annual and Sustainability Report from Kindred Group highlights a year of remarkable achievements, underscored by strategic foresight and a commitment to positive societal impact. The group’s ability to navigate through global challenges while exceeding financial targets is commendable. As Kindred Group sets its sights on even higher goals for 2024, its journey remains a notable example of how strategic vision, coupled with a commitment to sustainability, can drive success in the iGaming industry.

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