Tillkännagivande • Apr 24
Evolution AB (Publ) Elects Samantha Sacks Gallagher as Board Members Evolution AB (publ) at its annual general meeting held on April 24, 2026, resolved Samantha Sacks Gallagher were elected as board members. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: €5.24 (vs €5.94 in FY 2024) Full year 2025 results: EPS: €5.24 (down from €5.94 in FY 2024). Revenue: €2.07b (flat on FY 2024). Net income: €1.06b (down 15% from FY 2024). Profit margin: 51% (down from 60% in FY 2024). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 20
Evolution AB (publ) Omits Dividend Payment for 2025 The Board of Directors of Evolution AB (publ) proposed that no dividend be distributed for 2025. Reported Earnings • Feb 06
Full year 2025 earnings released: EPS: €5.24 (vs €5.94 in FY 2024) Full year 2025 results: EPS: €5.24 (down from €5.94 in FY 2024). Revenue: €2.07b (flat on FY 2024). Net income: €1.06b (down 15% from FY 2024). Profit margin: 51% (down from 60% in FY 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: €1.25 (vs €1.57 in 3Q 2024) Third quarter 2025 results: EPS: €1.25 (down from €1.57 in 3Q 2024). Revenue: €507.1m (down 2.4% from 3Q 2024). Net income: €252.3m (down 23% from 3Q 2024). Profit margin: 50% (down from 63% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 30
Evolution AB (publ) to Report Fiscal Year 2025 Results on Feb 05, 2026 Evolution AB (publ) announced that they will report fiscal year 2025 results at 7:30 AM, Central European Standard Time on Feb 05, 2026 Tillkännagivande • Sep 25
Evolution AB (publ), Annual General Meeting, Jan 05, 2026 Evolution AB (publ), Annual General Meeting, Jan 05, 2026. Reported Earnings • Jul 18
Second quarter 2025 earnings released: EPS: €1.22 (vs €1.28 in 2Q 2024) Second quarter 2025 results: EPS: €1.22 (down from €1.28 in 2Q 2024). Revenue: €524.3m (up 3.1% from 2Q 2024). Net income: €248.3m (down 7.7% from 2Q 2024). Profit margin: 47% (down from 53% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 22
Group Chief Executive Officer recently bought kr67m worth of stock On the 13th of June, Martin Carlesund bought around 100k shares on-market at roughly kr671 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr67m worth in shares. Tillkännagivande • May 09
Evolution AB (Publ) Approves Dividend for 2024, Payable on 20 May 2025 Evolution AB (publ) at annual general meeting on 9 May 2025, resolved on a dividend of EUR 2.80 per share and that 13 May 2025 shall be the record date for the dividend. Payment of the dividend is expected to be made on 20 May 2025 through Euroclear Sweden AB. Valuation Update With 7 Day Price Move • May 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to kr669, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 24% over the past three years. Upcoming Dividend • May 05
Upcoming dividend of €2.80 per share Eligible shareholders must have bought the stock before 12 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.1%). Upcoming Dividend • Apr 29
Upcoming dividend of kr2.80 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 12 May 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (2.2%). Reported Earnings • Apr 15
Full year 2024 earnings released: EPS: €5.94 (vs €5.01 in FY 2023) Full year 2024 results: EPS: €5.94 (up from €5.01 in FY 2023). Revenue: €2.21b (up 23% from FY 2023). Net income: €1.24b (up 16% from FY 2023). Profit margin: 56% (down from 60% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 13
Evolution AB (Publ) Launches Live Dealer Games on bet365 Casino in New Jersey Evolution AB (publ) announced the launch of their live dealer games on bet365's casino platform in New Jersey. This launch expands on the success of previous popular live dealer games and slots available on bet365's platform in Pennsylvania, and other territories in Europe, Canada, and Latin America. bet365 players in New Jersey will have access to Evolution's portfolio of live dealer casino games and game shows, such as Crazy Time, Dream Catcher, Lightning Roulette, Craps, Baccarat, and a wide variety of Blackjack such as Infinite Blackjack, Free Bet Blackjack, Speed Blackjack, and more. The launch is an exciting milestone that highlights the strength of the partnership between the two companies. Declared Dividend • Feb 10
Dividend of kr2.80 announced Shareholders will receive a dividend of kr2.80. Ex-date: 6th May 2025 Payment date: 12th May 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 52% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Full year 2024 earnings released: EPS: €5.94 (vs €5.01 in FY 2023) Full year 2024 results: EPS: €5.94 (up from €5.01 in FY 2023). Revenue: €2.21b (up 23% from FY 2023). Net income: €1.24b (up 16% from FY 2023). Profit margin: 56% (down from 60% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 30
Evolution AB (publ) Proposes Dividend for 2024 The Board of directors of Evolution AB (publ) proposed a dividend of EUR 2.80 (2.65) per share for 2024, in line with dividend policy. Tillkännagivande • Jan 07
Evolution AB (publ) Announces Chief Financial Officer Changes, Effective February 18, 2025 Evolution AB (publ) announced that CFO Jacob Kaplan has decided to step down as CFO. He will be replaced by Joakim Andersson from the 18th of February 2025. Jacob Kaplan joined Evolution in 2016 and has been a member of Group Management since then. He will remain in an advisory role to the company during a period of time. Joakim Andersson (1974) has experience of several CFO roles including listed companies Kinnevik AB (publ) och Cint Group AB (publ). Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Sandy Urie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: €1.57 (vs €1.28 in 3Q 2023) Third quarter 2024 results: EPS: €1.57 (up from €1.28 in 3Q 2023). Revenue: €579.0m (up 28% from 3Q 2023). Net income: €328.6m (up 21% from 3Q 2023). Profit margin: 57% (down from 60% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 23
Evolution AB (publ), Annual General Meeting, May 05, 2025 Evolution AB (publ), Annual General Meeting, May 05, 2025. Location: stockholm Sweden Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: €1.28 (vs €1.24 in 2Q 2023) Second quarter 2024 results: EPS: €1.28 (up from €1.24 in 2Q 2023). Revenue: €508.4m (up 15% from 2Q 2023). Net income: €269.1m (up 1.9% from 2Q 2023). Profit margin: 53% (down from 60% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 27
Evolution AB (Publ) Approves Dividend for the Year 2023, Payable on 8 May 2024 Evolution AB (publ) at its annual general meeting held on 26 April 2024, resolved on a dividend of EUR 2.65 per share and that Tuesday, 30 April 2024 shall be the record date for the dividend. Payment of the dividend is expected to be made on 8 May 2024 through Euroclear Sweden AB. Upcoming Dividend • Apr 22
Upcoming dividend of kr2.65 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (2.1%). Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: €5.01 (vs €3.95 in FY 2022) Full year 2023 results: EPS: €5.01 (up from €3.95 in FY 2022). Revenue: €1.80b (up 24% from FY 2022). Net income: €1.07b (up 27% from FY 2022). Profit margin: 60% (up from 58% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: €5.01 (vs €3.95 in FY 2022) Full year 2023 results: EPS: €5.01 (up from €3.95 in FY 2022). Revenue: €1.80b (up 24% from FY 2022). Net income: €1.07b (up 27% from FY 2022). Profit margin: 60% (up from 58% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 01
Evolution AB (Publ) Proposes A Dividend The Board of Evolution AB (publ) proposes a dividend of EUR 2.65 per share (EUR 2.00). Tillkännagivande • Jan 25
Federman & Sherwood Files Securities Class Action Lawsuit Against Evolution AB, Martin Carlesund, and Jacob Kaplan Federman & Sherwood announced that on January 23, 2024 it filed a class action lawsuit in the United States District Court for Eastern District of Pennsylvania against Evolution AB, Martin Carlesund, and Jacob Kaplan (Defendants). The Complaint alleges that Defendants throughout the Class Period, which is February 14, 2019 through October 25, 2023, made materially false and/or misleading statements regarding Evolution’s and Evolution’s customers’ compliance with governing laws; the effect of non-compliance on Evolution’s revenue; and Evolution’s predicted growth and growth strategies. From January 24, 2022 to October 26, 2023, a number of disclosures revealed the truth of Evolution’s compliance, revenue, and growth, and brought to light the falsities behind Defendants statements. As a result, Evolution saw a significant change in the value of its share prices, including its American Depository Shares (“ADSs”). The Complaint alleges violations of Section 10(b) of the Securities Exchange Act and Rules 10b-5 promulgated thereunder, and violations of Section 20(a) of the Securities Exchange Act. Plaintiffs seek to recover damages on behalf of all Evolution AB investors who purchased securities, including ADSs, during the Class Period. Investor may move the Court no later than March 25, 2024, to serve as a lead plaintiff for the Class. However, to do so, investor must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995 (PSLRA). Federman & Sherwood is a highly sought after law firm with years of experience and a highly skilled staff. Managing Partner, William B. Federman has served as counsel for many shareholders and handled over sixty class action suits. Tillkännagivande • Dec 13
Evolution AB (publ) Announces US Launch of Crazy Time Evolution announced the eagerly awaited US launch of Crazy Time, its hugely popular live game show now streaming live to players in New Jersey. Crazy Time has been a global hit since launching in 2020 serving millions of players. Having taken the online gambling world by storm, Crazy Time has grown to be the biggest live casino table in the world. Now streaming from Evolution's live casino studio in New Jersey, the debut of Crazy Time in the US follows the successful launches of Crazy Coin Flip in New Jersey and Super Sic Bo in Pennsylvania earlier this month. All three games are due to go live in additional states during 2024. As one of Evolution's most ambitious games, Crazy Time integrates multiple cutting-edge technologies, including multi-camera live game show action, Random Number Generator (RNG) multipliers, augmented reality and slot-style and video-gaming elements. The all-action gameplay revolves around a main game and four interactive bonus games. The main game features a two-reel Top Slot that spins together with a money wheel. The bonus games add to the excitement with unique features such as a shooting gallery (Cash Hunt), a Coin Flip, a Puck drop (Pachinko), and the Crazy Time bonus game. In Crazy Time's bonus games, players can reach a boasting 10,000x multiplier - setting the fun factor to new heights! Crazy Time's bonus games have been so successful that they have in turn inspired a whole new range of Evolution game show titles, such as Crazy Coin Flip, Red Door Roulette and Crazy Pachinko. Recent Insider Transactions • Nov 16
Group Chief Executive Officer recently bought kr100m worth of stock On the 10th of November, Martin Carlesund bought around 100k shares on-market at roughly kr1,002 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €1.28 (vs €1.04 in 3Q 2022) Third quarter 2023 results: EPS: €1.28 (up from €1.04 in 3Q 2022). Revenue: €452.6m (up 20% from 3Q 2022). Net income: €272.8m (up 23% from 3Q 2022). Profit margin: 60% (up from 59% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Oct 01
Evolution AB (Publ) Announces Nomination Committee for the 2024 Annual General Meeting In accordance with the resolution of the Annual General Meeting, the three largest shareholders in the Evolution AB (publ) as per the last business day of August who wish to appoint a representative shall appoint the Nomination Committee. If any of these shareholders chooses to waive their right to elect a representative, their right is transferred to the shareholder who, after these shareholders, has the largest share ownership and wishes to usethis right. In addition, a member of the Board of Directors who is independent in relation to the company's management shall be a member of the Nomination Committee. The Nomination Committee ahead of the 2024 AGM consists of the following members: Martin Rosell (appointed by Österbahr Ventures AB), Chairman; Michael Hayward (appointed by WCM Investment Management); Ian Livingstone (appointed by Richard Livingstone); and Joel Citron (board member). Tillkännagivande • Sep 29
Evolution AB (publ), Annual General Meeting, Apr 26, 2024 Evolution AB (publ), Annual General Meeting, Apr 26, 2024. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: €1.24 (vs €0.94 in 2Q 2022) Second quarter 2023 results: EPS: €1.24 (up from €0.94 in 2Q 2022). Revenue: €441.1m (up 28% from 2Q 2022). Net income: €264.1m (up 32% from 2Q 2022). Profit margin: 60% (up from 58% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 25
Evolution AB (Publ) Announces Resignation of Jonas Engwall from the Board Evolution AB (Publ) announced Jonas Engwall has decided, at his own request, to leave the board of the company as of 24 May 2023. Jonas Engwall has been a member of the board since 2015. Recent Insider Transactions • May 02
Independent Director recently sold kr153m worth of stock On the 27th of April, Joel Citron sold around 110k shares on-market at roughly kr1,392 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr41m more than they bought in the last 12 months. Buying Opportunity • Apr 28
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be kr1,706, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • Apr 04
Now 20% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be kr1,714, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Upcoming Dividend • Mar 29
Upcoming dividend of €2.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 05 April 2023. Payment date: 17 April 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (6.0%). In line with average of industry peers (1.6%). Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: €3.95 (vs €2.83 in FY 2021) Full year 2022 results: EPS: €3.95 (up from €2.83 in FY 2021). Revenue: €1.46b (up 36% from FY 2021). Net income: €843.4m (up 39% from FY 2021). Profit margin: 58% (up from 57% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Feb 22
Now 20% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be kr1,641, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: €3.95 (vs €2.83 in FY 2021) Full year 2022 results: EPS: €3.95 (up from €2.83 in FY 2021). Revenue: €1.46b (up 36% from FY 2021). Net income: €843.4m (up 39% from FY 2021). Profit margin: 58% (up from 57% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 03
Evolution AB (Publ) Proposes Dividend for the Year 2022 As the end result of a good 2022, the board of directors of Evolution AB (publ) proposed a dividend of €2.00 (€1.42) per share for 2022, in line with the dividend policy to distribute dividend of 50% of net profit annually. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: €1.04 (vs €0.73 in 3Q 2021) Third quarter 2022 results: EPS: €1.04 (up from €0.73 in 3Q 2021). Revenue: €378.5m (up 37% from 3Q 2021). Net income: €221.3m (up 41% from 3Q 2021). Profit margin: 59% (up from 57% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: €0.94 (vs €0.68 in 2Q 2021) Second quarter 2022 results: EPS: €0.94 (up from €0.68 in 2Q 2021). Revenue: €344.0m (up 34% from 2Q 2021). Net income: €200.9m (up 39% from 2Q 2021). Profit margin: 58% (up from 56% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 30%, compared to a 27% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: €0.93 (vs €0.62 in 1Q 2021) First quarter 2022 results: EPS: €0.93 (up from €0.62 in 1Q 2021). Revenue: €326.8m (up 39% from 1Q 2021). Net income: €197.7m (up 50% from 1Q 2021). Profit margin: 61% (up from 56% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 30%, compared to a 39% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Apr 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be kr1,400, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Upcoming Dividend • Apr 04
Upcoming dividend of €1.42 per share Eligible shareholders must have bought the stock before 11 April 2022. Payment date: 21 April 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (4.7%). Higher than average of industry peers (0.9%). Recent Insider Transactions • Mar 30
Chief Technology Officer recently bought kr3.0m worth of stock On the 28th of March, David Craelius bought around 3k shares on-market at roughly kr1,014 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr190m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr906, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 557% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr1,336 per share. Buying Opportunity • Feb 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be €1,316, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% per annum over the last 3 years. Earnings per share has grown by 58% per annum over the last 3 years. Recent Insider Transactions • Feb 15
Chief Strategy Officer recently sold kr214m worth of stock On the 10th of February, Sebastian Johannisson sold around 193k shares on-market at roughly kr1,111 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr193m more than they bought in the last 12 months. Reported Earnings • Feb 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €2.83 (up from €1.55 in FY 2020). Revenue: €1.07b (up 91% from FY 2020). Net income: €605.4m (up 113% from FY 2020). Profit margin: 57% (up from 51% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 33%, compared to a 39% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €2.83 (up from €1.55 in FY 2020). Revenue: €1.07b (up 91% from FY 2020). Net income: €605.4m (up 113% from FY 2020). Profit margin: 57% (up from 51% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 33%, compared to a 39% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €1,521, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% per annum over the last 3 years. Earnings per share has grown by 58% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 16% share price gain to kr1,070, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 26x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 950% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr1,493 per share. Recent Insider Transactions • Dec 01
Chief Human Resources Officer recently bought kr2.4m worth of stock On the 26th of November, Louise Wivén-Nilsson bought around 3k shares on-market at roughly kr970 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr25m. Insiders have collectively bought kr20m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr1,258, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 1,046% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr1,437 per share. Recent Insider Transactions • Nov 03
Group Chief Executive Officer recently bought kr25m worth of stock On the 1st of November, Martin Carlesund bought around 18k shares on-market at roughly kr1,406 per share. This was the largest purchase by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS €0.73 (vs €0.44 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €276.0m (up 97% from 3Q 2020). Net income: €157.4m (up 98% from 3Q 2020). Profit margin: 57% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 117% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 22% share price gain to kr1,479, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 25x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 1,220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr1,681 per share. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 16% share price gain to €1,590, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 21x in the Hospitality industry in Europe. Total returns to shareholders of 1,093% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr1,191 per share. Reported Earnings • Jul 22
Second quarter 2021 earnings released: EPS €0.68 (vs €0.39 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €256.7m (up 100% from 2Q 2020). Net income: €144.4m (up 105% from 2Q 2020). Profit margin: 56% (up from 55% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS €0.62 (vs €0.30 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €235.8m (up 105% from 1Q 2020). Net income: €132.0m (up 144% from 1Q 2020). Profit margin: 56% (up from 47% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 147% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 12
Upcoming dividend of €0.68 per share Eligible shareholders must have bought the stock before 19 April 2021. Payment date: 27 April 2021. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (4.2%). Lower than average of industry peers (1.4%). Reported Earnings • Mar 29
Full year 2020 earnings released: EPS €1.55 (vs €0.83 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €561.1m (up 53% from FY 2019). Net income: €284.6m (up 90% from FY 2019). Profit margin: 51% (up from 41% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 138% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS €1.55 (vs €0.83 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €561.1m (up 53% from FY 2019). Net income: €284.6m (up 90% from FY 2019). Profit margin: 51% (up from 41% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 59% while theHospitality industry in the United Kingdom is not expected to grow. Is New 90 Day High Low • Feb 06
New 90-day high: kr911 The company is up 30% from its price of kr701 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr553 per share. Is New 90 Day High Low • Jan 21
New 90-day high: kr856 The company is up 22% from its price of kr703 on 23 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr476 per share. Is New 90 Day High Low • Dec 29
New 90-day high: kr820 The company is up 37% from its price of kr598 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr417 per share. Is New 90 Day High Low • Dec 11
New 90-day high: kr780 The company is up 39% from its price of kr563 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr425 per share. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 16% share price gain to €752, the stock is trading at a trailing P/E ratio of 51.5x, up from the previous P/E ratio of 44.4x. This compares to an average P/E of 31x in the Hospitality industry in the United Kingdom. Total returns to shareholders over the past three years are 601%. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 2.7% at €140.0m. Revenue is forecast to grow 40% over the next year, compared to a 14% decline forecast for the Hospitality industry in the United Kingdom. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of €250.9m, up 95% from the prior year. Total revenue was €489.5m over the last 12 months, up 48% from the prior year. Is New 90 Day High Low • Oct 08
New 90-day high: kr710 The company is up 7.0% from its price of kr663 on 10 July 2020. The British market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr388 per share. 
