Kindred Group PLC (LTS:0RDS)
kr 124.3 -0.4 (-0.32%) Market Cap: 26.78 Bil Enterprise Value: 25.80 Bil PE Ratio: 38.09 PB Ratio: 3.87 GF Score: 90/100
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Q3 2023 Kindred Group PLC Earnings Call Transcript

Nov 29, 2023 / 09:00AM GMT
Release Date Price: kr88.57 (-4.22%)
Nils AndÃ;n
Kindred Group PLC - Interim CEO

© -

Good morning, everyone and welcome to Kindred's Q3 report. We are coming from Stockholm. My name is Nils Andén. I'm the interim CEO for Kindred. With me today, I also have Patrick Kortman, our interim CFO, who will come up and run through some of the financials later on in the presentation.

Today, we will run through some of the business highlights and then an overview of Q3 performance. Patrick will run through some of the financials and I will come back and do an update on the strategic review, and end with summary and a Q&A session at the end.

In terms of highlights for the quarter, as you might have seen, we are today doing an interim update on the strategic review. The strategic review is continuing according to plan, but we have decided to announce in particular three things. We are, with immediate effect, entering into an exit procedure for our North American business. Secondly, we are initiating an extensive cost reduction program to allow for increased focus on profitable growth in our core markets.

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