Kindred Group PLC (OSTO:KIND SDB)
kr 129 0 (0%) Market Cap: 27.84 Bil Enterprise Value: 26.61 Bil PE Ratio: 32.04 PB Ratio: 3.55 GF Score: 79/100
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Q4 2022 Kindred Group PLC Trading Statement Call Transcript

Jan 13, 2023 / 08:00AM GMT
Release Date Price: kr97.8 (-15.87%)
Patrick Kortman
Kindred Group plc - Head of Corporate Development & IR

Good morning, everybody, and welcome to Kindred Group's teleconference concerning the trading update for the fourth quarter 2022 that was issued in the evening. With me on teleconference, I have Kindred Group's CEO, Henrik Tjärnström; and CFO, Johan Wilsby. We'll start the teleconference with a summary of the trading update. And after that, we will open up for questions from the audience. And with that, I would like to hand over to Henrik.

Henrik TjÃ;rnstrÃ;m
Kindred Group plc - CEO

¤¶ -

Thank you very much, Patrick. Warm welcome, everyone. To start with, let's make it clear, the performance during the fourth quarter did not meet our expectations. During the fourth quarter, the total revenues reached approximately GBP 305 million, was an increase of 23% in constant currency and 3% excluding the Netherlands or 2% in cost of currencies compared to the same period last year.

The lower revenue than expected was due to 4 main reasons: First, the

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