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
SEK         12.521   11.157   10.9%
NOK         13.084   10.613   18.9%
EUR         1.362   1.168   14.2%
DKK         10.168   8.683   14.6%
AUD         2.030   1.705   16.0%
Income statement averages for the quarter:
Rate to GBP  Avg Q4 15 Avg Q4 16 YoY Delta
SEK         12.882   11.236   12.8%
NOK         12.936   10.409   19.5%
EUR         1.385   1.152   16.8%
DKK         10.334   8.568   17.1%
AUD         2.105   1.657   21.3%

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. 

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