Alexandru Toma
$EVO.ST (Evolution AB ) down -19% after reporting first quarter of 2025 (Q1 2024) • Net revenues increased by 3.9% to EUR 520.9 million (501.5) • EBITDA decreased by 1.1% to EUR 342.0 million (345.8), corresponding to a margin of 65.6% (69.0) • Profit for the period amounted to EUR 254.7 million (269.2) • Earnings per share before dilution amounted to EUR 1.24 (1.27) CEO comments: ''The decelerated growth rate in the quarter is not only impacted by the development of the currency rates but also connected to conscious actions we have taken that will be beneficial for the business in the longer term. Firstly, we are addressing the ongoing issues in Asia where we are implementing technical countermeasures to stop the criminal cyber activity, which has put pressure on revenue growth. Secondly, and on top of what we have already done in the UK to meet regulatory requirements, we have taken proactive and self-initiated actions in February to ring-fence additional regulated markets in Europe''.
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EVO.ST
Evolution AB
557.56
9.60 (1.75%)
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