Evolution AB (publ)

OM:EVO Stock Report

Market Cap: SEK 134.2b

Evolution Management

Management criteria checks 3/4

Evolution's CEO is Martin Carlesund, appointed in Nov 2016, has a tenure of 8.5 years. total yearly compensation is €4.60M, comprised of 67% salary and 33% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth SEK449.82M. The average tenure of the management team and the board of directors is 8.9 years and 10.3 years respectively.

Key information

Martin Carlesund

Chief executive officer

€4.6m

Total compensation

CEO salary percentage67.03%
CEO tenure8.5yrs
CEO ownership0.3%
Management average tenure8.9yrs
Board average tenure10.3yrs

Recent management updates

We Think Shareholders Are Less Likely To Approve A Pay Rise For Evolution AB (publ)'s (STO:EVO) CEO For Now

May 03
We Think Shareholders Are Less Likely To Approve A Pay Rise For Evolution AB (publ)'s (STO:EVO) CEO For Now

Recent updates

We Think Shareholders Are Less Likely To Approve A Pay Rise For Evolution AB (publ)'s (STO:EVO) CEO For Now

May 03
We Think Shareholders Are Less Likely To Approve A Pay Rise For Evolution AB (publ)'s (STO:EVO) CEO For Now
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Evolution to Navigate Market Risks with Strategic Growth Initiatives

Financial risk management: market risk (including currency risk and cash flow interest risk), credit risk and liquidity risk.
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King of the Live Casino

Evolution Gaming - King of the Live Casino Evolution Gaming is the leading B2B provider of live casino solutions. They power the online games you love! Think Roulette, Blackjack, and Baccarat.Introdu

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
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A Compounding Machine

Evolution AB (EVO) stands out as a premier stock, delivering consistent and impressive growth in both revenue and EBIT, highlighting its strong financial health and operational excellence. The company
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Expanding Horizons And Innovations Ignite Revenue Growth Despite Challenges

Expansion in the Americas and strategic releases in regulated markets could substantially drive revenue growth as these sectors mature.

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

CEO Compensation Analysis

How has Martin Carlesund's remuneration changed compared to Evolution's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

€1b

Dec 31 2024€5m€3m

€1b

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 ($USD5.22M) is above average for companies of similar size in the Swedish market ($USD3.00M).

Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.

CEO

Martin Carlesund (54 yo)

8.5yrs
Tenure
€4,604,000
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-Founder10.3yrs€526.00k10.96%
SEK 14.7b
Martin Carlesund
Group Chief Executive Officer8.5yrs€4.60m0.34%
SEK 449.8m
Fredrik Österberg
Co-Founder & Directorno data€131.00k0.024%
SEK 32.8m
Richard Hadida
Co-Founder and Creative Director of Groupno datano datano data
Joakim Andersson
Chief Financial Officerless than a yearno data0.0010%
SEK 1.4m
David Craelius
Chief Technology Officer9.3yrsno 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 datano data
Todd Haushalter
Chief Product Officer & Games Operations9.7yrsno datano data
Sebastian Johannisson
Chief Strategy Officerno datano datano data
Olesya Ivanova
Chief Operating Officer of Latviano datano datano data
8.9yrs
Average Tenure
51yo
Average Age

Experienced Management: EVO's management team is seasoned and experienced (8.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jens von Bahr
Co-Founder10.3yrs€526.00k10.96%
SEK 14.7b
Fredrik Österberg
Co-Founder & Director10.3yrs€131.00k0.024%
SEK 32.8m
Joel Citron
Independent Director10.3yrs€131.00k0.14%
SEK 188.2m
Sandra Urie
Independent Director3.6yrs€110.00k0.00032%
SEK 429.6k
Mimi Drake
Independent Director3.8yrs€131.00k0.00015%
SEK 201.4k
Ian Livingstone
Independent Director10.3yrs€131.00kno data
Gabor Szabo
Directorno datano datano data
10.3yrs
Average Tenure
59yo
Average Age

Experienced Board: EVO's board of directors are seasoned and experienced ( 10.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/27 00:31
End of Day Share Price 2025/05/27 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Evolution AB (publ) is covered by 28 analysts. 14 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
Pravin GondhaleBarclays