Exchange rates for the fourth quarter of 2018

Wed, 02 Jan, 2019 15:26 CET

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 1 per cent in the fourth quarter of 2018 compared to the same period of 2017.

Balance sheet rates:
Rate to GBP  31-Dec-18 31-Dec-17 YoY Delta
SEK 11.464 11.095 -3.3%
NOK 11.121 11.091 -0.3%
EUR 1.118 1.127 0.8%
DKK 8.348 8.391 0.5%
AUD 1.813 1.730 -4.8%
Income statement averages for the quarter:
Rate to GBP  Avg Q4 18 Avg Q4 17 YoY Delta
SEK 11.637 11.043 -5.4%
NOK 10.865 10.837 -0.3%
EUR 1.127 1.127 0.0%
DKK 8.413 8.389 -0.3%
AUD 1.794 1.727 -3.9%

This information is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation.

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 and Australia, offering over 23.6 million customers across 11 brands a great form of entertainment in a safe, fair and sustainable environment. The company, which employs about 1,400 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 ESSA (sports betting integrity). 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.


Related content