Exchange rates for the fourth quarter of 2016
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 in Kindred Group’s business, it does affect the reported results when translated into GBP.
The weighted average impact of GBP against Kindred Group’s main currencies was a positive impact on Gross winnings revenue of approximately 15-16 per cent between the fourth quarter of 2015 and the fourth quarter of 2016.
|Balance sheet rates:|
|Rate to GBP||31-Dec-15||31-Dec-16||YoY Delta|
|Income statement averages for the quarter:|
|Rate to GBP||Avg Q4 15||Avg Q4 16||YoY Delta|
For more information:
Inga Lundberg, Investor Relations, +44 788 799 6116
Kindred Group is listed on Nasdaq in Stockholm and is one of Europe’s largest online gambling operators. Kindred Group is home to 13 brands which serve over 15.8 million customers worldwide. Kindred Group is a member of the European Gaming and Betting Association, Remote Gambling Association in the UK and is audited and certified by eCOGRA in compliance with the pan-European CEN standard on consumer protection and responsible gaming.