Added to YB: 2026-02-13
Pitch date: 2026-02-11
EVO.ST [neutral]
Evolution AB (publ)
-2.43%
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 9.9B
Pitch Price
SEK 551.60
Price Target
N/A
Dividend
5.64%
EV/EBITDA
6.72
P/E
9.49
EV/Sales
4.44
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Evolution's 2025
EVO.ST (update): Bifurcated fortunes - New World (Americas, Africa) growing while Old World (Asia, Europe) stagnates/declines. Asia slowdown from saturation not just piracy; Europe ringfencing limits growth. Top-5 customer sales -15% in 2025. Mgmt shifting focus to Americas but 75% revenue still from higher-margin Old World markets. Operating leverage reversing. €200M 'ghost taxes' from Pillar II create cash allocation uncertainty.
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