Kindred Group appoints Nils Andén as permanent CEO

Online gambling heavyweight Kindred Group announced that Nils Andén has been appointed permanent CEO by the Board of Directors, entering the position with immediate effect. Nils Andén was appointed interim CEO in May 2023.  

"The Board is very pleased to be able to appoint Nils as permanent CEO and that he is willing to take on the job. Nils has done an excellent job as interim CEO and is an appreciated leader with a vast knowledge of both Kindred and the online gambling industry," said Evert Carlsson, Chairman of the Board at Kindred Group.

"We look forward to working with Nils and his team as he continues to lead the company in its strategic direction", he added.

Evert Carlsson, Chairman of the Board at Kindred Group

For his part, Andén commented: "I am grateful and proud to have received the Board's confidence to continue in the role as CEO of Kindred Group. We have a great team who are working hard to deliver on an exciting strategy that will strengthen Kindred's position in locally regulated markets, and I look forward to continuing to execute our plan".

Last month, the company announced it posted total revenue of GBP 307.3 million ($312.9 million) for the fourth quarter of 2023, up 2% from the same period last year, driven by growth in the Netherlands, the UK, and Romania, as well as in the casino segment. Regulatory measures in Belgium and Norway continued to impact adversely on overall growth. 

Casino and games continued to show encouraging performance with gross winnings revenue increasing by 5% compared to the prior year. Moreover, despite a challenging start to the quarter with a historically low sports betting margin in October, Sports betting gross winnings revenue reached GBP 114.9 million ($146.2 million) with a sports betting margin after free bets of 9.9%.