Evolution AB Q1 EBITDA Miss Triggers 5% Drop

Evolution AB shares fell over 5% after Q1 EBITDA missed consensus, declining 2% to €335.3 million.
Europe revenue dropped 12% YoY to €345.3 million, its lowest level since H2 2022, driving the miss.
Latin America revenue rose 29.3% YoY to €64.4 million; North America grew 10.1% to €75.5 million, Asia revenue rose sequentially.
Operating profit fell 3.6% to €292.6 million, net profit down 1.1% to €251.9 million; no dividend proposed for 2025.