Evolution AB (publ)

OM:EVO Stock Report

Market Cap: SEK 176.2b

Evolution Management

Management criteria checks 2/4

Evolution's CEO is Martin Carlesund, appointed in Nov 2016, has a tenure of 8.17 years. total yearly compensation is €6.39M, comprised of 40.9% salary and 59.1% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth SEK594.88M. The average tenure of the management team and the board of directors is 8.6 years and 10 years respectively.

Key information

Martin Carlesund

Chief executive officer

€6.4m

Total compensation

CEO salary percentage40.9%
CEO tenure8.2yrs
CEO ownership0.3%
Management average tenure8.6yrs
Board average tenure10yrs

Recent management updates

Recent updates

Is It Time To Consider Buying Evolution AB (publ) (STO:EVO)?

Dec 30
Is It Time To Consider Buying Evolution AB (publ) (STO:EVO)?

Benign Growth For Evolution AB (publ) (STO:EVO) Underpins Its Share Price

Dec 09
Benign Growth For Evolution AB (publ) (STO:EVO) Underpins Its Share Price

Evolution AB (publ) Just Recorded A 23% EPS Beat: Here's What Analysts Are Forecasting Next

Oct 28
Evolution AB (publ) Just Recorded A 23% EPS Beat: Here's What Analysts Are Forecasting Next

At kr1,068, Is Evolution AB (publ) (STO:EVO) Worth Looking At Closely?

Aug 27
At kr1,068, Is Evolution AB (publ) (STO:EVO) Worth Looking At Closely?

Evolution AB (publ) (STO:EVO) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

Jul 22
Evolution AB (publ) (STO:EVO) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

Earnings Working Against Evolution AB (publ)'s (STO:EVO) Share Price

Jul 13
Earnings Working Against Evolution AB (publ)'s (STO:EVO) Share Price

Evolution AB (publ)'s (STO:EVO) Intrinsic Value Is Potentially 70% Above Its Share Price

May 13
Evolution AB (publ)'s (STO:EVO) Intrinsic Value Is Potentially 70% Above Its Share Price

Analysts Are Updating Their Evolution AB (publ) (STO:EVO) Estimates After Its First-Quarter Results

Apr 27
Analysts Are Updating Their Evolution AB (publ) (STO:EVO) Estimates After Its First-Quarter Results

Why Evolution AB (publ) (STO:EVO) Could Be Worth Watching

Apr 01
Why Evolution AB (publ) (STO:EVO) Could Be Worth Watching

Subdued Growth No Barrier To Evolution AB (publ)'s (STO:EVO) Price

Mar 18
Subdued Growth No Barrier To Evolution AB (publ)'s (STO:EVO) Price

Here's What Analysts Are Forecasting For Evolution AB (publ) (STO:EVO) After Its Yearly Results

Feb 04
Here's What Analysts Are Forecasting For Evolution AB (publ) (STO:EVO) After Its Yearly Results

CEO Compensation Analysis

How has Martin Carlesund's remuneration changed compared to Evolution's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

€1b

Jun 30 2024n/an/a

€1b

Mar 31 2024n/an/a

€1b

Dec 31 2023€6m€3m

€1b

Sep 30 2023n/an/a

€1b

Jun 30 2023n/an/a

€960m

Mar 31 2023n/an/a

€897m

Dec 31 2022€3m€2m

€843m

Sep 30 2022n/an/a

€791m

Jun 30 2022n/an/a

€728m

Mar 31 2022n/an/a

€671m

Dec 31 2021€10m€2m

€605m

Sep 30 2021n/an/a

€514m

Jun 30 2021n/an/a

€436m

Mar 31 2021n/an/a

€362m

Dec 31 2020€2m€1m

€285m

Sep 30 2020n/an/a

€251m

Jun 30 2020n/an/a

€211m

Mar 31 2020n/an/a

€175m

Dec 31 2019€999k€753k

€150m

Sep 30 2019n/an/a

€128m

Jun 30 2019n/an/a

€110m

Mar 31 2019n/an/a

€96m

Dec 31 2018€816k€628k

€83m

Compensation vs Market: Martin's total compensation ($USD6.55M) is above average for companies of similar size in the Swedish market ($USD2.64M).

Compensation vs Earnings: Martin's compensation has increased by more than 20% in the past year.

CEO

Martin Carlesund (54 yo)

8.2yrs

Tenure

€6,386,000

Compensation

Mr. Martin Carlesund has been the Chief Executive Officer of Highlight Media Holdings Ltd. since 2009. Mr. Carlesund has been the Chief Executive Officer of Evolution Gaming Group AB since November 1, 2016...

Leadership Team

NamePositionTenureCompensationOwnership
Jens von Bahr
Co-Founder10yrs€526.00k10.84%
SEK 19.1b
Martin Carlesund
Group Chief Executive Officer8.2yrs€6.39m0.33%
SEK 583.9m
Fredrik Österberg
Co-Founder & Directorno data€131.00k0.024%
SEK 42.6m
Richard Hadida
Co-Founder and Creative Director of Groupno datano datano data
Jacob Kaplan
Chief Financial Officer8.1yrsno data0.029%
SEK 51.2m
David Craelius
Chief Technology Officer9yrsno datano data
Carl Linton
Head of IRno datano datano data
Amy Riches
Head of Marketingno datano datano data
Louise Wivén-Nilsson
Chief Human Resources Officerno datano data0.011%
SEK 19.4m
Todd Haushalter
Chief Product Officer & Games Operations9.3yrsno data0.047%
SEK 82.1m
Sebastian Johannisson
Chief Strategy Officerno datano data0.34%
SEK 597.0m
Olesya Ivanova
Chief Operating Officer of Latviano datano datano data

8.6yrs

Average Tenure

51.5yo

Average Age

Experienced Management: EVO's management team is seasoned and experienced (8.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jens von Bahr
Co-Founder10yrs€526.00k10.84%
SEK 19.1b
Fredrik Österberg
Co-Founder & Director10yrs€131.00k0.024%
SEK 42.6m
Joel Citron
Independent Director10yrs€131.00k0.14%
SEK 248.6m
Sandra Urie
Independent Director3.3yrs€131.00k0.00015%
SEK 264.2k
Ian Livingstone
Independent Director10yrs€131.00kno data
Mimi Drake
Independent Director3.4yrs€131.00k0.00015%
SEK 264.2k

10.0yrs

Average Tenure

59yo

Average Age

Experienced Board: EVO's board of directors are seasoned and experienced ( 10 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 18:14
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Evolution AB (publ) is covered by 28 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
James Rowland ClarkBarclays
Jack CummingsBerenberg