The net foreign exchange impact of the Kindred Group’s main trading
currencies
against its reporting currency of GBP is shown in the tables below.
While this
has no material impact on the underlying development of the Kindred
Group’s
business, it does affect the reported results when translated into
GBP.
The weighted average impact of GBP against the Kindred Group’s main
currencies
was a negative impact on Gross winnings revenue of approximately 3
per cent in
the fourth quarter of 2019 compared to the same period of
2018.
Balance sheet rates:
Rate to GBP 31-Dec-19 31-Dec-18
YoY Delta
SEK 12.279 11.464 -7.1%
NOK
11.594 11.121 -4.3%
EUR
1.175 1.118 -5.1%
DKK 8.782 8.348
-5.2%
AUD 1.880 1.813
-3.7%
Income statement
averages for the
quarter:
Rate to GBP Avg Q4
19 Avg Q4 18 YoY Delta
SEK 12.372 11.637
-6.3%
NOK 11.723 10.865 -7.9%
EUR
1.162 1.127 -3.1%
DKK
8.684 8.413 -3.2%
AUD 1.883 1.794
-5.0%
This information is such that Kindred Group plc is required to
disclose under
the EU Regulation of Market Abuse, MAR.
For more
information:
Inga Lundberg, Investor Relations, +44 788 799 6116
About
Kindred Group
Kindred Group is one of the world’s leading online gambling
operators with
business across Europe, Australia and the USA, offering over 26
million
customers across 11 brands a great form of entertainment in a safe,
fair and
sustainable environment. The company, which employs about 1,600
people, is
listed on Nasdaq Stockholm Large Cap and is a founding member of the
European
Gaming and Betting Association (EGBA) and founding member of IBIA
(International
Betting Integrity Association). Kindred Group is audited and
certified by eCOGRA
for compliance with the 2014 EU Recommendation on Consumer
Protection and
Responsible Gambling (2014/478/EU). Read more on
www.kindredgroup.com.
Nasdaq Stockholm, KIND-SDB
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