Q&A: Kindred CEO on stellar Q2 performance and the Relax Gaming acquisition
Henrik Tjärnström talks to EGR following the Stockholm-listed operator’s second quarter results where revenue climbed 55% to £363.7m
last week reportedEGR Intel: Several factors combined to make this a dream quarter in terms of sports betting. Could you elaborate on what those factors were?Henrik Tjärnström (HT):EGR Intel: How was Euro 2020 for Kindred Group?HT:EGR Intel: How much will future performance depend on keeping newly acquired Euro 2020 customers engaged and which strategies are in place to ensure that happens?HT:EGR Intel: You reported a strong Q2 betting margin of 10.7%. How much of that was down to favourable results and how much of it was due to structural changes implemented by Kindred?HT:EGR Intel: Many of your competitors are concerned about regulatory headwinds in Western Europe but you performed very strongly in this segment during Q2. How was this achieved? HT:EGR Intel: Sticking with Western Europe, there was no mention of Germany in the Q2 report which is unusual considering the uncertain regulatory situation there.HT:EGR Intel: Is that “good opportunity” shrinking with the implementation of the 5.3% turnover tax? Is there an avenue of appeal available to operators?HT:EGR Intel: You acquired Relax Gaming in Q2. Is it business as usual considering you have worked so closely in the past, or do you have a plan to harness the potential of the acquisition? HT: