Evolution AB (publ)

OM:EVO Aktierapport

Börsvärde: SEK 129.5b

Evolution Förvaltning

Förvaltning kriterier kontrolleras 2/4

Evolution VD är Martin Carlesund, utsedd i Nov 2016, har en mandatperiod på 9.5 år. totala årliga ersättningen är € 8.60M, bestående av 48.2% lön 51.8% bonusar, inklusive företagsaktier och optioner. äger direkt 0.39% av företagets aktier, värda SEK 510.22M. Den genomsnittliga mandatperioden för ledningsgruppen och styrelsen är 9.5 år respektive 11.3 år.

Viktig information

Martin Carlesund

Verkställande direktör

€8.6m

Total ersättning

VD-lön i procent48.19%
Anställning som VD9.5yrs
Ägande av VD0.4%
Ledningens genomsnittliga anställningstid9.5yrs
Styrelsens genomsnittliga mandatperiod11.3yrs

Senaste uppdateringar av ledningen

Recent updates

Uppdatering av berättelse May 09

EVO: Mixed Rating Changes And Dividend Pause Will Shape Risk Repricing

The analyst price target for Evolution has been adjusted slightly lower by SEK 15 to reflect mixed recent Street moves, with some firms trimming SEK 20 to SEK 60 from their targets while others raised or upgraded the stock. Analysts now balance higher revenue growth expectations with more cautious profit margin and P/E assumptions.
Analysartikel Apr 25

Evolution AB (publ) (STO:EVO) Just Released Its First-Quarter Earnings: Here's What Analysts Think

Evolution AB (publ) ( STO:EVO ) last week reported its latest quarterly results, which makes it a good time for...
Uppdatering av berättelse Apr 23

EVO: Mixed Broker Moves And Dividend Pause Will Support Future Repricing

Analysts have trimmed their blended SEK price target on Evolution by about SEK 20, reflecting slightly higher discount rate assumptions. Revenue growth expectations remain unchanged, and views across recent reports are mixed between target cuts and modest increases.
Uppdatering av berättelse Apr 08

EVO: Recent Upgrade And Dividend Pause Will Support Future Repricing

Analysts have trimmed Evolution's blended price target by about SEK 5. Slightly higher discount rate assumptions and modestly lower margin expectations offset broadly supportive views on long term growth and valuation multiples reflected in recent target cuts and one upgrade.
Uppdatering av berättelse Mar 25

EVO: Recent Discount Reset And Dividend Pause Will Support Future Repricing

The analyst fair value estimate for Evolution has been revised slightly higher. The implied price target has moved up by SEK 10, supported by refreshed assumptions on discount rate, revenue growth, profit margin and future P/E that reflect recent Street target cuts from Citi, Berenberg, Deutsche Bank and Morgan Stanley.
Uppdatering av berättelse Mar 10

EVO: Recent Discount Rate Shift Will Set Up Repricing Opportunity

Analysts have slightly trimmed their SEK price targets on Evolution, reflecting a modestly higher discount rate and small tweaks to growth and margin assumptions. Several recent SEK 10 to SEK 73 target cuts from major houses have contributed to a more cautious blended view.
Uppdatering av berättelse Feb 23

EVO: Recent Discount Rate Shifts Will Drive Repricing Opportunity Ahead

The updated analyst work implies a lower fair value for Evolution, with the price target moving from about SEK 1,003.76 to SEK 968.88. Analysts are factoring in recent target cuts from several banks, alongside revised assumptions on growth, margins and the appropriate discount rate.
Uppdatering av berättelse Feb 09

EVO: Legal Dispute Will Drive Reset In Risk Premium And Repricing

Analysts have trimmed their price targets and fair value estimates for Evolution to about SEK 671 from roughly SEK 772, reflecting a higher discount rate and a lower assumed future P/E. Revenue growth and profit margin expectations remain relatively strong in recent research updates.
Analysartikel Feb 08

Evolution AB (publ) (STO:EVO) Just Released Its Annual Earnings: Here's What Analysts Think

Last week, you might have seen that Evolution AB (publ) ( STO:EVO ) released its annual result to the market. The early...
Analysartikel Jan 31

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

Evolution AB (publ)'s ( STO:EVO ) price-to-earnings (or "P/E") ratio of 9.7x might make it look like a strong buy right...
Uppdatering av berättelse Jan 26

EVO: U.S. Legal Dispute Will Drive A More Cautious Outlook

Analysts have trimmed their price targets on Evolution, with our assessed fair value moving from SEK 567.38 to SEK 493.50. They cited lower revenue growth assumptions, modestly higher discount rate inputs and legal uncertainty highlighted in recent research, including the U.S. dispute referenced by Jefferies and a small SEK 10 target cut from Berenberg.
Uppdatering av berättelse Jan 10

EVO: U.S. Legal Dispute And Downgrades Will Shape A More Cautious Outlook

Analysts have reduced their price targets for Evolution to SEK 630 from SEK 1,350 and to SEK 720 from a prior Buy level, citing uncertainty around the U.S. legal dispute with Playtech and adjusting fair value, discount rate, revenue growth, profit margin and future P/E assumptions accordingly. Analyst Commentary Recent research on Evolution points to a more cautious stance, with price targets reset meaningfully lower and ratings pulled back to Hold.
Analysartikel Dec 26

At kr621, Is Evolution AB (publ) (STO:EVO) Worth Looking At Closely?

Let's talk about the popular Evolution AB (publ) ( STO:EVO ). The company's shares saw significant share price movement...
Uppdatering av berättelse Dec 24

EVO: Legal Dispute Will Drive Repricing Opportunity Despite Lowered Expectations

Analysts have cut their price target on Evolution to SEK 630 from SEK 1,350, citing increased legal uncertainty and expectations for structurally slower growth. These factors warrant lower forecast revenue expansion, slightly softer margins and a reduced future valuation multiple.
Uppdatering av berättelse Dec 10

EVO: Legal Dispute Will Drive Medium Term Repricing Despite Solid Fundamentals

Analysts have modestly reduced their price target for Evolution to SEK 771.92 from SEK 776.59 as they factor in lawsuit related uncertainty and expectations for structurally slower growth compared with prior forecasts. Analyst Commentary Recent research updates on Evolution highlight a growing divergence in views, with several firms recalibrating ratings and price targets to reflect both legal uncertainties and a more tempered growth outlook.
Uppdatering av berättelse Nov 26

EVO: Ongoing Legal Dispute Will Shape Medium-Term Market Sentiment

The analyst price target for Evolution has been reduced significantly, dropping from SEK 1,350 to SEK 630. Analysts cite uncertainty stemming from ongoing legal disputes and tempered growth expectations as contributing factors.
Uppdatering av berättelse Nov 09

EVO: Future Profit Margins Will Drive Gains Despite Market Headwinds

The consensus analyst price target for Evolution AB has edged lower, declining by SEK 2.82 to reflect evolving views on future growth prospects and profit margins. Some downgrades cite a structurally slower growth outlook.
Uppdatering av berättelse Oct 26

Sector Downgrades And Digital Shifts Will Shape Near-Term Opportunities

Analysts have revised their price target for Evolution AB downward from SEK 887.09 to SEK 817.27. This change reflects expectations for slower revenue growth and a slight dip in profit margin based on recent sector research.
Uppdatering av berättelse Oct 12

New Studios And Digital Trends Will Unlock Future Potential

Analysts have lowered their fair value estimate for Evolution from SEK 907.31 to SEK 887.09. They cite slower expected revenue growth and a slightly reduced discount rate as key factors behind the updated outlook.
Analysartikel Sep 30

Lacklustre Performance Is Driving Evolution AB (publ)'s (STO:EVO) Low P/E

Evolution AB (publ)'s ( STO:EVO ) price-to-earnings (or "P/E") ratio of 12.1x might make it look like a buy right now...
Uppdatering av berättelse Sep 12

New Studios And Digital Trends Will Unlock Future Potential

Driven primarily by a sharp increase in the Future P/E multiple while revenue growth forecasts remained stable, the consensus analyst price target for Evolution saw only a marginal decrease from SEK916.81 to SEK907.31. What's in the News Evolution entered the Rhode Island online casino market via a partnership with Bally's Corporation, achieving a presence in all seven US states that offer online casino gaming.
Analysartikel Sep 12

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

Let's talk about the popular Evolution AB (publ) ( STO:EVO ). The company's shares saw a significant share price rise...
Ny berättelse May 01

New Studios And Digital Trends Will Unlock Future Potential

Key Takeaways Expansion into new regulated markets and studio launches positions Evolution for stable, long-term growth in digital and online gaming sectors. Exclusive partnerships and innovative game releases enhance product differentiation, driving higher margins and supporting sustained organic revenue expansion.
Ny berättelse Jan 20

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.
Ny berättelse Jan 19

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
Ny berättelse Nov 29

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
User avatar
Ny berättelse Nov 07

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.

Analys av ersättningar till VD

Hur har Martin Carlesund:s ersättning förändrats jämfört med Evolution:s resultat?
DatumTotal ersättningLönFöretagets resultat
Mar 31 2026n/an/a

€1b

Dec 31 2025€9m€4m

€1b

Sep 30 2025n/an/a

€1b

Jun 30 2025n/an/a

€1b

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

Ersättning vs marknad: Martin s total kompensation ($USD 9.99M ) är över genomsnittet för företag av liknande storlek på Swedish marknaden ($USD 3.40M ).

Ersättning vs inkomst: Ersättningen för Martin har ökat med mer än 20 % medan företagets intäkter har minskat med mer än 20 % det senaste året.


VD OCH KONCERNCHEF

Martin Carlesund (55 yo)

9.5yrs
Anställning
€8,596,000
Kompensation

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...


Ledningsgrupp

NamnPositionAnställningKompensationÄgarskap
Jens von Bahr
Co-Founder11.3yrs€526.00kinga uppgifter
Martin Carlesund
Group Chief Executive Officer9.5yrs€8.60m0.39%
SEK 510.2m
Fredrik Österberg
Co-Founder & Directorno data€175.00k0.025%
SEK 32.5m
Joakim Andersson
Chief Financial Officer1.3yrsinga uppgifter0.0010%
SEK 1.4m
Carl Linton
Head of IRno datainga uppgifteringa uppgifter
Amy Riches
Head of Marketingno datainga uppgifteringa uppgifter
Louise Wivén-Nilsson
Chief Human Resources Officerno datainga uppgifteringa uppgifter
Todd Haushalter
Chief Product Officer & Games Operations10.7yrsinga uppgifteringa uppgifter
9.5yrs
Genomsnittlig anställningstid
53yo
Genomsnittlig ålder

Erfaren ledning: EVO s ledningsgrupp är erfaren och erfaren ( 9.5 års genomsnittlig anställning).


Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
Jens von Bahr
Co-Founder11.3yrs€526.00kinga uppgifter
Fredrik Österberg
Co-Founder & Director11.3yrs€175.00k0.025%
SEK 32.5m
Joel Citron
Independent Director11.3yrs€195.00k0.090%
SEK 117.0m
Sandra Urie
Independent Director4.6yrs€163.00k0.00033%
SEK 427.5k
Mimi Drake
Independent Director4.8yrs€188.00k0.00015%
SEK 194.3k
Samantha Gallagher
Directorless than a yearinga uppgifteringa uppgifter
Ian Livingstone
Independent Director11.3yrs€181.00k2.29%
SEK 3.0b
11.3yrs
Genomsnittlig anställningstid
57yo
Genomsnittlig ålder

Erfaren styrelse: EVO s styrelse är rutinerade och erfaren ( 11.3 års genomsnittlig mandatperiod).


Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/05/15 05:10
Aktiekurs vid dagens slut2026/05/15 00:00
Intäkter2026/03/31
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Evolution AB (publ) bevakas av 28 analytiker. 16 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
null nullABG Sundal Collier
James Rowland ClarkBarclays
Pravin GondhaleBarclays