Kindred Group reports 30% revenue decline in Q1 trading update

Kindred Group’s revenue declined by 30% for Q1 2022, in large part caused by the company’s exit from the Netherlands. All-in-all, the group’s total revenue amounted to £247m ($322m) for the first quarter of 2022, an over £100m decrease from the prior-year period’s £352.6m. Underlying EBITDA likewise declined for the first quarter, dropping from the prior year’s £106m to £25m, though th...