Nordic online gambling operator Kindred Group wants the investment community to remember how young and virile they were before the stupid coronavirus came along and spoiled things.

On Thursday, the Stockholm-listed Kindred issued an update on “the initial impact of COVID-19” on its operations. Citing the “exceptional circumstances” and the need to ensure that Kindred is “well capitalized for future investment opportunities,” the company is now recommending no 2019 dividend be paid to shareholders.

Kindred, the parent company of Unibet, will publish its official Q1 financial figures on April 24 but the company said it estimates revenue will come in between £247m-252m (up from £224.4m in Q1 2019). Kindred says sports margins were up 2.5 points to 12.2% prior to “the disruption of sports in the middle of March” as the COVID-19 pandemic took hold.

Like some other operators, Kindred said the reduced sportsbook turnover was “partially compensated by solid growth in revenues from other products.” Nonetheless, daily average revenue from March 16-31 was around £2.2m, 10% lower that the daily average throughout 2019.