Kindred Group has released its half-year report for 2024, showcasing continued positive development and strong financial performance. The company has successfully increased its revenue by 4% and witnessed a significant rise in the number of active customers. Concurrently, Kindred has strategically decided to exit its operations in North America.
Economic Growth and Stable Performance
In the report covering January to June 2024, Kindred Group reported total revenue of £635.3 million, marking a 4% increase compared to the same period last year. Gross gaming revenue (B2C) rose by 3%, reaching a total of £614.8 million. Notably, Kindred ended its operations in North America during the year to focus on more profitable markets.
Positive Leadership Commentary
Nils Andén, CEO of Kindred Group, expressed satisfaction with the strong results and highlighted the company’s progress in regulated markets. “Our growth in locally regulated markets has been particularly strong. We have seen our revenue from these markets increase by 10%, and excluding North America, the increase is 12%,” said Andén.
Strong Customer Base Expansion
During the first half of 2024, the number of active customers grew by 12% to 1.75 million, indicating robust growth and increased engagement on Kindred’s platforms. The company’s decision to leave North America enables a stronger focus on its most profitable markets. Kindred Group owns several well-known online casino brands, including Unibet and Maria Casino.
Outlook for the Future
With strong financial results and successful strategic initiatives, Kindred continues to concentrate on its core markets and further develop its platforms. The company is well-positioned to continue its growth throughout the remainder of 2024.
