Evolution AB Financial Update

Evolution AB, a prominent player in the Consumer Discretionary sector, specifically within the Hotels, Restaurants & Leisure industry, has recently been the subject of financial analysis and market adjustments. The company, known for its fully integrated B2B live casino solutions, has seen its stock price and market expectations shift in recent days.

As of July 10, 2025, Evolution AB’s close price stood at 768.6 SEK, with a market capitalization of 13.78 billion SEK. The company’s 52-week high was recorded at 1,173.5 SEK on July 17, 2024, while the 52-week low was 639.4 SEK on May 22, 2025. The price-to-earnings ratio was noted at 11.72.

Analyst Adjustments

On July 11, 2025, Citigroup made notable adjustments to its outlook on Evolution AB. The investment bank reduced its target price for the company’s stock from 1,165 SEK to 1,155 SEK. Despite this downward revision, Citigroup maintained its “buy” recommendation for the stock. This update was reported by both Avanza and Nyhetsbyrån Direkt, highlighting the continued confidence in Evolution AB’s long-term prospects despite the short-term price target adjustment.

Financial Projections

In another development, Infront, a financial analysis firm, projected Evolution AB’s EBITDA result for the second quarter of 2025 to be around 338 million EUR. This projection aligns with the company’s recent financial performance, indicating a stable operational outlook. The detailed financial forecast for the second quarter and subsequent years up to 2027 suggests a positive trajectory for Evolution AB’s revenue and adjusted EBITDA results, with expectations of growth in both metrics.

  • Second Quarter 2025 Projections:

    • Revenue: 519 million EUR
    • Adjusted EBITDA: 338 million EUR
    • Net Result: 256 million EUR
    • Result per Share: 1.25 EUR

  • Annual Projections (2025-2027):

    • Revenue is expected to grow from 2,141 million EUR in 2025 to 2,651 million EUR by 2027.
    • Adjusted EBITDA is projected to increase from 1,407 million EUR in 2025 to 1,771 million EUR by 2027.
    • Net result and result per share are also anticipated to rise, reflecting the company’s robust financial health and growth prospects.

These financial insights and analyst adjustments underscore the dynamic nature of Evolution AB’s market position and financial outlook. Despite the recent target price adjustment by Citigroup, the company’s strong financial projections and continued “buy” recommendation suggest a positive outlook for investors and stakeholders in the gaming and leisure sector.