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 2 per cent in the first quarter of 2020 compared to the same period of 2019.
| Balance sheet rates: | |||||
| Rate to GBP | 31-Mar-20 | 31-Mar-19 | YoY Delta | ||
| SEK | 12.478 | 12.115 | -3.0% | ||
| NOK | 12.985 | 11.254 | -15.4% | ||
| EUR | 1.128 | 1.165 | 3.2% | ||
| DKK | 8.424 | 8.698 | 3.2% | ||
| AUD | 2.027 | 1.843 | -10.0% | ||
| Income statement averages for the quarter: | |||||
| Rate to GBP | Avg Q1 20 | Avg Q1 19 | YoY Delta | ||
| SEK | 12.377 | 11.939 | -3.7% | ||
| NOK | 12.117 | 11.167 | -8.5% | ||
| EUR | 1.161 | 1.146 | -1.3% | ||
| DKK | 8.675 | 8.553 | -1.4% | ||
| AUD | 1.945 | 1.828 | -6.4% |
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 27 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