Added to YB: 2025-05-06
Pitch date: 2025-05-02
EVO.ST [bullish]
Evolution AB (publ)
-3.35%
current return
Author Info
No bio for this author
Company Info
Evolution AB (publ) develops, produces, markets, and licenses online casino systems to gaming operators in Europe, Asia, North America, Latin America, and internationally.
Market Cap
SEK 11.5B
Pitch Price
SEK 656.40
Price Target
N/A
Dividend
4.85%
EV/EBITDA
7.45
P/E
10.42
EV/Sales
4.89
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Evolution AB — Nothing ever happens, until it does
EVO.ST: Down sharply after Q1 earnings showed near-zero growth & margin compression. Two key issues: 1) Unexpected Europe-wide 'ring fencing' forcing withdrawal from unregulated markets 2) Ongoing Asian 'cyberattacks' (illegal restreaming). Still strong brand/product but transitioning from growth to value stock. 66-68% EBITDA margins expected later 2023. Slowly rebuilding position.
Read full article (4 min)