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Kindred Group plc – Interim report: January – September 2024 (unaudited)

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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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kindred-group/r/kindred-group-plc—interim-report–january—september-2024–unaudited-,c4056531

The following files are available for download:

https://mb.cision.com/Main/824/4056531/3074580.pdf

Report: Kindred Group plc — Interim report: January — September 2024 (unaudited)

https://mb.cision.com/Public/824/4056531/baacb8d045ab3606.pdf

Kindred Group plc Interim report January September 2024 unaudited

 

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SOURCE Kindred Group

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Kuaishou Technology to Report 2024 Third Quarter Financial Results on November 20, 2024

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HONG KONG, Oct. 25, 2024 /PRNewswire/ — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that it will report its unaudited consolidated results for the third quarter and nine months ended September 30, 2024, after the Hong Kong market closes on Wednesday, November 20, 2024.

The Company’s management will host a conference call on Wednesday, November 20, 2024, at 8:00 PM Beijing Time (7:00 AM U.S. Eastern Time) to discuss the results.

Participants are required to pre-register for the conference call at:

Chinese Line (Mandarin):
https://s1.c-conf.com/diamondpass/10042707-wgs7dh.html

English Simultaneous Interpretation Line (listen-only mode):
https://s1.c-conf.com/diamondpass/10042711-jh7y6t.html

Participants can choose between the Chinese and English simultaneous interpretation options for pre-registration above. Please note that the English simultaneous interpretation option will be in listen-only mode. Upon registration, participants will receive an email containing conference call dial-in details, event passcode, and a unique registrant ID. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

Additionally, live, and archived webcasts of the conference call, for both Chinese and English simultaneous interpretation, will be available on the Company’s investor relations website at https://ir.kuaishou.com.

Replays of the conference call will be available until November 27, 2024 via the following dial-in details:

Dial-in Numbers

Mainland China:

400 1209 216

Hong Kong:

800 930 639

US/Canada:

1855 883 1031

Chinese conference ID:

10042707

English simultaneous interpretation conference ID:

10042711

About Kuaishou

Kuaishou is a leading content community and social platform with its mission to be the most customer-obsessed company in the world. Kuaishou has relentlessly been focusing on serving its customers and creating value for them through the continual innovation and optimization of its products and services. At Kuaishou, any user can chronicle and share their life experiences through short videos and live streams and showcase their talents. Working closely with content creators and businesses together, Kuaishou provides product and service offerings that address various user needs that arise naturally, including entertainment, online marketing services, e-commerce, online games, online knowledge-sharing, and more. For more information, please visit https://ir.kuaishou.com.

For investor and media inquiries, please contact:

Kuaishou Technology
Investor Relations
Email: ir@kuaishou.com

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SOURCE Kuaishou Technology

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GTCHAIR Unveils Latest Comfortable Office Chairs at ORGATEC 2024 Furniture Expo

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COLOGNE, Germany, Oct. 25, 2024 /PRNewswire/ — GTCHAIR rocked the stage at the 2024 ORGATEC furniture exhibition in Cologne, Germany. Their booth, located at Hall 8.1 A060, showcased a cool range of office chairs that make sitting comfy and healthy. These chairs are designed to take the pressure off your body and keep your back and joints feeling great, even after long hours at your desk.

Shaping the Future of Office Spaces at ORGATEC 2024

The ORGATEC 2024 expo was a massive event covering 130,000 square meters. It brought together big names in office furniture to showcase the latest trends for future work environments. GTCHAIR wowed the crowd with chairs like Alien Chair, Open Chair, and Marrit Pro, specially crafted to keep you cozy and healthy during those long work hours.

Meet Alien: GTCHAIR’s Coolest Innovation Yet

GTCHAIR is turning heads with their newest creation, the Alien chair. This chair is out of this world, blending cool tech with space-inspired design. The floating chair back and smooth sliding action give you that floating-on-air feeling that everyone loved at the show!

Upgrade Your Workspace with GTCHAIR’s Awesome Chairs

Besides the Alien chair, GTCHAIR also launched upgraded versions of office favorites like Marrit Pro and Dvary Pro. They introduced six new series of ergonomic office chairs and their flagship gaming chair, Roc Chair. These chairs are all about making your work or gaming setup super comfy and keeping you feeling great all day long.

About GTCHAIR: Making Sitting Better Since 1992

GTCHAIR has been around since 1992, bringing comfort and health to sitting at desks. With over 60 patented inventions and products sold in more than 80 countries, they are a top choice for anyone who wants to sit comfortably and stay healthy while working.

Photo – https://mma.prnewswire.com/media/2538357/GTChair_ORGATEC_Germany_2024.jpg
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Logo – https://mma.prnewswire.com/media/2538356/GTCHAIR_____1_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/gtchair-unveils-latest-comfortable-office-chairs-at-orgatec-2024-furniture-expo-302284928.html

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Mibro Watch GS Explorer Unveiled: A Smartwatch Engineered for Outdoor Enthusiasts

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SHENZHEN, China, Oct. 25, 2024 /PRNewswire/ — In an exciting development for outdoor enthusiasts and fitness aficionados, Mibro, a brand of ZhenShi Information Technology (Shenzhen) Co., Ltd, proudly announces the launch of the Mibro Watch GS Explorer on October 25. This state-of-the-art smartwatch is engineered to meet the demands of those who thrive in challenging environments, offering unparalleled durability and performance.

Under the slogan of “Rugged Strength, Endless Possibilities”, the Mibro Watch GS Explorer is crafted for those who push the boundaries of adventure. Whether scaling rocky cliffs, diving into the depths of the ocean, or navigating through dense forests, this watch is designed to be the ultimate companion. Its robust construction ensures it can withstand the harshest conditions, from freezing temperatures to scorching heat, sandstorms, and torrential rain.

The Mibro Watch GS Explorer has undergone rigorous testing to meet the highest standards of durability. It has successfully passed 15 military standard tests in compliance with MIL-STD-810H-2019, guaranteeing stability and reliability in extreme environments. This military-grade quality ensures that the watch remains a steadfast partner, no matter the challenge.

With a 10 ATM water resistance rating, the Mibro Watch GS Explorer is built to endure depths of up to 100 meters. Whether engaging in high-speed jet skiing, surfing, or snorkeling, this watch is ready to embrace every aquatic adventure. Its superior water resistance makes it an ideal choice for those who live life on the edge.

The Mibro Watch GS Explorer introduces Roadbook Navigation, allowing users to customize track routes and share them with friends. By importing GPX, KML, and TCX files into the MibroFit App’s route library, users can seamlessly push these routes to the watch for precise navigation.

Bin, the Product Director at Mibro, emphasizes the dedication and innovation that have gone into the development of the Mibro Watch GS Explorer. “This watch is the culmination of a year and a half of dedicated work. It combines the strengths of previous smartwatches with innovations like a rugged body, military-grade durability, and Roadbook Navigation. This product reflects Mibro’s relentless pursuit of excellence in quality, ensuring it stands up to the toughest conditions and becomes an essential companion for every adventurer.”

For more information, please visit https://www.mibrofit.com/ , or follow them on Facebook and Instagram.

Video – https://mma.prnewswire.com/media/2536922/Mibro_Watch_GS_Explorer.mp4 

View original content:https://www.prnewswire.co.uk/news-releases/mibro-watch-gs-explorer-unveiled-a-smartwatch-engineered-for-outdoor-enthusiasts-302284452.html

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