Tag Archives: Henrik Tjärnström

Kindred submits countermeasures on Swedish protections and market integrity 

Kindred Group has published its opinion submitted to the Swedish government on the proposal of new player protection measures, which it seeks to implement during the COVID-19 crisis. On 23 April, Sweden’s Health Minister Ardalan Shekarabi presented an emergency proposal to Riksdag, outlining a series of ‘temporary restrictions’ on online gambling operators as further COVID-19 public policy protection measures. Criticism …

Read More »

Swedish leaders warn Minister Shekarabi of channelisation consequences  

CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …

Read More »

Swedish leadership hits back at Shekarabi’s ‘torpedo orders’

The Chief Executives of Sweden’s leading online gambling businesses have written to the government urging for the suspension of temporary deposit restrictions sanctioned by the Ministry of Health & Social Affairs. A letter co-signed by Pontus Lindwall (Betsson), Henrik Tjärnström (Kindred Group), Gustaf Hagman (LeoVegas), Therese Hillman (NetEnt AB) and Ulrik Bengtsson (William Hill Plc / Mr Green) – urged …

Read More »

Kindred confirms Johan Wilsby as inbound CFO

Further to publishing its Q1 2020 trading update this morning, Kindred Group Plc has confirmed the appointment of Johan Wilsby as new Group Chief Financial Officer (CFO). Wilsby is to join Kindred’s executive leadership team in Autumn 2020, and will replace current CFO incumbent Albin de Beauregard. A seasoned financial lead for fast growth technology enterprises, Wilsby will join Kindred …

Read More »

Kindred Q1 growth hit by exceptional charges

Kindred Group has this morning published its Q1 2020 trading update stating that its business model has shown its ‘resilience against COVID-19’s exceptional circumstances’. The Stockholm-listed operator recorded a strong opening to 2020 trading, with group revenues ‘returning to double digit growth’ with the group reporting a 11% increase to £250m (Q12019: £224m). During Q1, Kindred detailed that all core markets …

Read More »

Kindred suspends dividend payouts to protect company’s liquidity

Stockholm-listed Kindred Group Plc has reported a strong start to 2020 trading as part of a corporate update on COVID-19 developments but has been forced to suspend dividend payments as a result of the outbreak. Despite facing unprecedented circumstances, Kindred has forecasted group gross win revenues within the £247-252 million range, maintaining growth against Q1 2019’s £225 million.  This is …

Read More »

Henrik Tjärnström: Kindred is unafraid of challenging the status quo on sustainable practices

Stockholm-listed Kindred Group has lauded its ability to ‘challenge the status quo’ when it comes to responsible gambling efforts, emphasising that the group can adapt its business strategy facing the realities and demands of sustainable gambling. Publishing its third annual ‘Sustainability Report’, Kindred has outlined five key priority areas which it will focus on in the coming years including ‘responsible …

Read More »

Tax realities bite Kindred in year of corporate adjustments

Stockholm-listed Kindred Group has reported that a group-wide increase on taxes and a significant jump in operating costs has weighed heavily on its Q4 and full-year performance. Publishing its year end report for January – December 2019, Kindred revealed that due to the changes in betting duties across France, the financial impact to Kindred has been ‘greatly increased’. Henrik Tjärnström, …

Read More »

Kindred Group strengthens EFDN partnership

Kindred Group has been named as the first commercial Community Partner of the European Football Development Network (EFDN), which will see the two ‘promote the power of football as a tool for social development.’ The announcement comes as the betting and gaming group builds upon its initial agreement made in Spring 2019, which saw Kindred sponsor EFDN’s ‘Active Fans’ programme. …

Read More »

Home market adjustments impact Kindred’s YTD profits

Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …

Read More »