Evolution AB EBITDA Miss Leads 5% Fall

Evolution AB reported Q1 EBITDA of €335.3 million, 2% YoY decline, missing the €338 million consensus.
Europe revenue fell 12% YoY to €345.3 million, its lowest level since H2 2022, dragging overall revenue down 1.5% to €513 million.
Operating profit dropped 3.6% to €292.6 million, net profit fell 1.1% to €251.9 million, while EPS rose slightly to €1.26.
Shares fell over 5% after the release; Morgan Stanley kept an equal‑weight rating with a SKr 680 target, citing regulatory uncertainty.