Exchange Rates for the Fourth Quarter of 2018

02/01/2019 07:46

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

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

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