Exchange Rates for the Fourth Quarter of 2018

Exchange Rates for the Fourth Quarter of 2018

PR Newswire

VALLETTA, Malta, Jan. 2, 2019

VALLETTA, Malta, Jan. 2, 2019 /PRNewswire/ --

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

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/kindred-group/r/exchange-rates-for-the-fourth-quarter-of-2018,c2710363

The following files are available for download:

https://mb.cision.com/Main/824/2710363/970945.pdf

PDF

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