KNDGF - Kindred Group plc (KNDGF) Q1 2024 Earnings Call Transcript
2024-04-24 18:59:09 ET
Kindred Group plc (KNDGF)
Q1 2024 Results Conference Call
April 24, 2024 04:00 AM ET
Company Participants
Nils Anden - Chief Executive Officer
Patrick Kortman - Chief Financial Officer
Conference Call Participants
Oscar Ronnkvist - ABG Sundal Collier
Martin Arnell - DNB Markets
Simon Davies - Deutsche Bank
Presentation
Nils Anden
Good morning, everyone, and welcome to Kindred's Interim Report for the First Quarter of 2024. I am here today with Patrick Kortman, our CFO. And we are coming live from Stockholm. Let's kick into it. We have a fairly standard outline today for the report.
Some business highlights and then an overview of the performance in Q1, product segment update, regional update and then an update on our North American exits update on Relax and KSP and sustainability. Then I will hand over to Patrick for the financial update for the first quarter and then come back with a summary, and we will, of course, as normal, have a Q&A session at the end.
So, reflecting a little bit on the first quarter in 2024. It was a very solid quarter. Strong performance across, especially our locally regulated markets, primarily driven by very strong growth in Netherlands, the U.K. and Romania. We're also very pleased to report that we have an all-time high in locally regulated gross winnings revenue, both in absolute terms and also as a percentage of group GWR, which came in at 84% in the first quarter....
Kindred Group plc (KNDGF) Q1 2024 Earnings Call Transcript