Earnings Call Summary | KINDRED GROUP PLC SDR EACH REP 1 GBP0.000625(KNDGF.US) Q2 2024 Earnings Conference
Earnings Call Summary | KINDRED GROUP PLC SDR EACH REP 1 GBP0.000625(KNDGF.US) Q2 2024 Earnings Conference
Free cash flow was notably high at just north of GBP41 million, reflecting operational efficiency.The following is a summary of the Kindred Group Plc (KNDGF) Q2 2024 Earnings Call Transcript:
以下是 Kindred Group Plc (KNDGF) 2024 年Q2業績會議呼叫記錄摘要:
Financial Performance:
金融業績：
Kindred Group reported a solid growth in revenue, reaching GBP327.6 million, a 7% increase year-over-year, primarily driven by strong performance in sports betting and significant gains in locally regulated markets.
Underlying EBITDA increased significantly by 32% to GBP73.6 million, demonstrating efficient cost management and an improved profitability margin of 22%, predicted to be 23% excluding North America.
Free cash flow was notably high at just north of GBP41 million, reflecting operational efficiency.
Kindred Group報告收入穩健增長，達到327.6百萬英鎊，同比增長7%，主要受到體育博彩表現強勁和本地監管市場利潤顯著增長的推動。
基礎 EBITDA 增長32% 至736.0百萬英鎊，展示高效成本管理和利潤率提高至22%，預計不包括北美地區將達到23%。
自由現金流非常高，在4100萬英鎊以上，反映了運營效率。
Business Progress:
業務進展：
There was substantial progress in sports betting with an 18% increase in gross winnings revenue, underpinned by a busy sports calendar including the Euros. The company also saw strategic advancements with the rollout of Kindred's sportsbook platform showing positive early results.
The acquisition of the minority interest shares in Relax Gaming has strengthened Kindred's ownership to over 99%, aligning with its objectives for future growth.
Relax Gaming itself has witnessed a 16% revenue growth, contributing an underlying EBITDA of GBP4.5 million with a 41% margin.
體育博彩取得了實質性進展，在球賽日曆密集的背景下，總收入增長了18%。公司也在Kindred的體育書籍平台推出方面取得了戰略性進展，早期業績取得積極成果。
收購 Relax Gaming 中的少數持股意味着 Kindred 的所有權超過99%，符合其未來增長目標。
Relax Gaming本身的收入增長了16%，爲 Kindred 做出了基礎 EBITDA 450萬英鎊的貢獻，利潤率爲41%。
Opportunities:
機會：
Growth was especially pronounced in locally regulated markets, with a record high of GBP267.1 million in gross winnings, a 12% increase from the previous year, reflecting the company's strategic focus on these markets.
Kindred's strategic deepening in locally regulated markets and advanced product offerings like Bet Builder enhance potential for scaling financially and increasing market shares.
本地監管市場增長特別明顯，總收入爲267.1百萬英鎊，比去年增長12%，反映出公司對這些市場的戰略關注。
Kindred 在本地監管市場的戰略加深和 Bet Builder 等先進產品提供，增強了財務規模和市場份額擴大的潛力。
Risks:
風險：
The performance has been subject to economic fluctuations as demonstrated by the need to exclude North American results to show growth and due to operational adjustments like the return of customer funds and licence returns impacting financial stability.
While sports betting margins have been favorable, there is variability expected which could impact future revenue and profitability.
業績受到經濟波動的影響，例如爲展示增長而需要排除北美業績，以及客戶資金的退回和許可證的歸還影響了財務穩定性。
儘管體育博彩利潤率不錯，但預計會有變量影響未來收入和利潤。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。