Our performance continues to demonstrate strength of a diversified market footprint

SLIEMA, Malta, Oct. 25, 2024 /PRNewswire/ —

Third quarter 2024

Total revenue was GBP 294.5 (283.9) million, an increase of 4 per cent.Gross winnings revenue (B2C) increased by 3 per cent to GBP 283.1 (274.7) million.Underlying EBITDA increased by 49 per cent to GBP 63.4 (42.6) million.Profit before tax was GBP 12.5 (15.1) million, impacted by significant strategic review costs of GBP 30.9 (0.6) million in relation to the FDJ transaction.Profit after tax was GBP 9.6 (12.6) million.Profit after tax includes a loss from discontinued operations of GBP 0.4 (13.1) million and profit from continuing operations of GBP 10.0 (25.7) million.Earnings per share were GBP 0.04 (0.06).Free cash flow amounted to GBP -4.2 (24.5) million.Number of active customers increased by 9 per cent to 1,701,100 (1,563,762).

January – September 2024

Total revenue was GBP 929.8 (897.6) million, an increase of 4 per cent.Gross winnings revenue (B2C) increased by 3 per cent to GBP 897.9 (870.3) million.Underlying EBITDA increased by 33 per cent to GBP 196.3 (147.7) million.Profit before tax was GBP 107.9 (78.6) million, impacted by significant strategic review costs of GBP 34.4 (2.5) million in relation to the FDJ transaction.Profit after tax was GBP 85.5 (65.9) million.Profit after tax includes a loss from discontinued operations of GBP 3.3 (28.0) million and profit from continuing operations of GBP 88.8 (93.9) million.Earnings per share were GBP 0.40 (0.30).Free cash flow amounted to GBP 61.1 (56.5) million.

CEO Nils Andén comments on the third quarter of 2024

“The positive momentum gained throughout the first half of the year continued as we stepped into the final half of 2024, with key markets maintaining strong performance. Total revenue for the third quarter was GBP 294.5 million, representing a 4 per cent increase compared to the same period last year (5 per cent in constant currency). Excluding North America, total revenue increased by 6 per cent for the same period.”

“I am very pleased that our underlying EBITDA came in at GBP 63.4 million, reflecting an increase of 49 per cent year-over-year. This represents an underlying EBITDA margin of 22 per cent and demonstrates our scalable business model.”

“The stellar performance and dedication from everyone at Kindred has resulted in a year-to-date underlying EBITDA of GBP 196.3 million. I am very pleased that we would be well on track to achieve our stated underlying EBITDA target for the full year 2024 of GBP 250 million.

However, following the expected completion of Kindred’s acquisition by La Française des Jeux (FDJ), Kindred will exit .com markets (including Norway) that don’t have a clear path to local regulation in the near future. This action will negatively impact our ability to reach our stated underlying EBITDA target.”

“Our strategic focus on growth in locally licensed markets continues to generate long-term, sustainable revenue. Year-on-year Gross winnings revenue from locally licensed markets has grown 4 per cent versus the same period last year (7 per cent excluding North America). France has sustained strong momentum, further driven by both the Euros and the home Olympics. In addition to France, we have seen very positive results in the Netherlands, Romania and Denmark during the period.”

“I’m thrilled that our in-house sportsbook development continues to progress according to schedule. Following successful launches in several smaller markets, we are now on track for our first locally licensed market launch later this quarter.”

“With the public offer by FDJ now completed, and as we transition into the next exciting phase in Kindred’s history, I would like to take this opportunity to thank investors in Kindred, both past and present. Twenty years as a public listed company on Nasdaq Stockholm comes to an end. Together, we have made a significant contribution to the creation of a competitive, digital and sustainable online gambling industry. Finally, I would like to take this opportunity to thank the global Kindred team for their unwavering resilience and dedication. Where one chapter ends, a new one begins.”

This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-10-2024 07:30 CET.

For more information:
Patrick Kortman, Interim CFO
ir@kindredgroup.com

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SOURCE Kindred Group

SEOUL, South Korea, Oct. 25, 2024 /PRNewswire/ — In response to the increasing global demand for high-purity graphite materials for semiconductors, secondary batteries, electric vehicles, solar energy, etc., Korea’s Thermvac Inc.(http://www.thermvac.co.kr) is continuously developing various types of ultra-high temperature furnaces, such as SiC/TaC/B4C CVD equipment, high-purity furnaces, and graphitization furnaces, and expanding its supply to the domestic and overseas markets

First, regarding ceramic CVD equipment, Thermvac delivered large-scale SiC CVD and B4C CVD equipment to J Company in Hubei Province and A Research Institute in Beijing, respectively in China and K Research Institute in Korea over the period of 2023~2024, and for TaC CVD, they delivered equipment to T Company in Korea and S Company in Shanxi Province, China, and are currently in the process of supplying equipment with customers in Taiwan and Japan.

Meanwhile, for carbon purification furnaces, Thermvac delivered horizontal mass production equipment to K Company and K Research Institute in Korea and vertical mass production equipment to S Company in Jiangsu Province, China during the same period, and are currently in the process of making supply contract with customers in France and Taiwan. In particular, for carbon purification furnaces, as the demand for carbon purification treatment in each field of the global growth-leading industries, a flood of inquiries about equipment are coming from customers of all over the world, including Sweden, Japan, and India, and they are actively responding to them while  solidifying their position as an international supplier of carbon-purification furnaces.

In relation to this, Thermvac has confirmed two important investments in 2024 to expand the supply capacity as well as to strengthen the technological competitiveness of the equipment. in the relevant field

First, in order to strengthen the technological competitiveness of the equipment, a separate factory has been purchased near the current business site in Korea and an equipment testing facility is being built. In this equipment testing facility, two ceramic CVDs, two carbon purification furnaces, a high-temperature powder continuous production furnace, and a hot press equipment will be installed sequentially. Thermvac will research the process technology of the equipment through this equipment for themselves, while also providing equipment rental services to customers so that they can perform process tests and sample production.

This is because CVD equipment or carbon purification furnaces are used in extreme environments such as high temperatures and/or hazardous corrosive gases, so durability and ease of maintenance are considered as important as equipment performance. Therefore, as an equipment manufacturer, Thermvac performs the process by themselves as an equipment user and optimizes the structure and function of vulnerable parts of the equipment in accordance with the process characteristics. At the same time, they provide customers with an opportunity to confirm the reliability of the process they have developed along with Thermvac’s equipment through sample testing before investing in expensive equipment. In addition, even if the equipment has already been ordered, it will advance the commercialization of the developed item as early as possible by producing samples or prototypes during the equipment manufacturing period.

Thermvac’s equipment test facility will be able to produce TaC CVD samples with a diameter of less than 400Φ and perform carbon purification processing of less than 300kg/batch by the end of 2024, and by 2025, will be expanded to enable production of SiC/B4C/PyC samples with a diameter of less than 600Φ, carbon purification processing of 500kg/batch, and continuous production of high-temperature powder at 30L/hr.

In addition, Thermvac established a vacuum furnace manufacturing plant in Huludao City, Liaoning Province, China to expand its supply capacity and registered as an overseas corporation on July 1, 2024. In the future, the Thermvac’s Huludao plant will locally manufacture carbon purification furnaces, graphitization furnaces, hot presses, etc., except for CVD equipment, and supply them to Chinese customers directly. This will strengthen cost competitiveness including minimizing logistics costs, while significantly shortening supply lead time, thereby responding to the rapidly changing trends of the relevant industry.

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HB Media Solutions, a locally owned and operated media-to-digital transfer service, urges families to convert their old VHS tapes, films, and photos before they degrade. With the holiday season fast approaching, now is the perfect time to preserve cherished memories. Take advantage of special offers and expert, in-house services to safeguard your memories for generations.

SUNRISE, Fla., Oct. 25, 2024 /PRNewswire-PRWeb/ — As the holiday season approaches, HB Media Solutions, a trusted local and family-owned VHS to digital service, reminds families to convert their aging VHS tapes, films, and photos to digital formats before it’s too late. With the risks of losing these precious memories increasing every day, now is the time to ensure they are preserved for sharing this holiday season.

Since 2007, HB Media Solutions has been dedicated to safeguarding personal histories with high-quality media transfer services, including converting VHS to digital, film to digital transfer services, and photo scanning services. With over 630 five-star reviews, this locally owned and operated business handles every project in-house, ensuring that your cherished memories are treated with the utmost care.

“Every day you delay, your memories are at risk of deterioration,” says Harold Bramson, founder of HB Media Solutions. “We urge families to act now. With the holidays coming up, there’s no better time to ensure your treasured moments are safe and accessible for sharing with loved ones.”

At HB Media Solutions, we specialize in a wide range of services to meet your needs, including:

VHS to Digital Services: Convert your old VHS tapes to digital formats.Film to Digital Transfer Services: Safeguard your films by converting them to digital.Convert Super 8 Film to Digital: Preserve your vintage film reels in a modern format.Photo Digitizing Services: Turn your physical photos into high-quality digital images.

We pride ourselves on exceptional customer service and expert craftsmanship, all completed in-house with state-of-the-art-technologies. Our process is simple: place your order, pack your media, ship it to our Sunrise location, and receive your beautifully digitized files.

Located in Broward County, we welcome local walk-ins from Fort Lauderdale, Pompano Beach, Boca Raton, and other nearby areas, while also providing convenient nationwide shipping for customers across the U.S.

Skip the big box transfer companies and trust your local digitizing experts at HB Media Solutions. With our commitment to the highest standards in the digitizing industry, we have cultivated a loyal base of repeat clientele.

This holiday season, give the gift of lasting memories, don’t wait until your precious media degrades. Start digitizing today and ensure your family’s stories are cherished for years to come!

For more information or to take advantage of current specials:
Contact: Harold Bramson
HB Media Solutions
Address: 10198 NW 47th St, Sunrise, FL 33351
Email: info@hbmediasolutions.net
Phone: (954) 241-3188
Website: https://hbmediasolutions.net

Media Contact

Harold Bramson, HB Media Solutions, (954) 241-3188, info@hbmediasolutions.net, https://hbmediasolutions.net

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SOURCE HB Media Solutions