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 of the Kindred Group's business, it does affect the reported results when translated into GBP.
The weighted average impact of GBP against the Kindred Group's main currencies was a negative impact on Gross winnings revenue of approximately 1 per cent in the fourth quarter of 2018 compared to the same period of 2017.
Balance sheet rates:
Rate to GBP
31-Dec-18
31-Dec-17
YoY Delta
SEK
11.464
11.095
-3.3%
NOK
11.121
11.091
-0.3%
EUR
1.118
1.127
0.8%
DKK
8.348
8.391
0.5%
AUD
1.813
1.730
-4.8%
Income statement averages for the quarter:
Rate to GBP
Avg Q4 18
Avg Q4 17
YoY Delta
SEK
11.637
11.043
-5.4%
NOK
10.865
10.837
-0.3%
EUR
1.127
1.127
0.0%
DKK
8.413
8.389
-0.3%
AUD
1.794
1.727
-3.9%
This information is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation.
CONTACT:
For more information:
Inga Lundberg, Investor Relations, +44-788-799-6116
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