Evolution AB (publ) (OTCPK:EVVTY) Q1 2025 Results Conference Call April 30, 2025 3:00 AM ET
Company Participants
Martin Carlesund – Chief Executive Officer
Joakim Andersson – Chief Financial Officer
Conference Call Participants
Oscar Ronnkvist – ABG Sundal Collier
Raymond Ke – Nordea
Georg Attling – Pareto Securities
Pravin Gondhale – Barclays
Martin Arnell – DNB
Monique Pollard – Citi
Virendra Chauhan – AlphaValue
Ed Young – Morgan Stanley
Martin Carlesund
Good morning. Welcome, everyone, to the presentation of Evolution’s report for the first quarter 2025. My name is Martin Carlesund, and I’m the CEO of Evolution. With me are our new CFO, Joakim Andersson. Joakim joined Evolution in February, and it’s great to have you here, Joakim.
I will start with some comments on our performance in the quarter and then hand over to you, Joakim, for a closer look at our financials. After that, I will conclude with an outlook and then we’ll open up the call for questions.
Next slide, please. Let’s start with the financial and operational highlights of the quarter. And first, let’s focus on the operative side, operations side, as 2 activities have had certain impact on the financial result. The first one, which I highlighted already in the last earnings call, is that we started to add new technical measures that aim to more effectively ringfence the markets with a local regulation and ensure that our games are only available with locally licensed operators for markets where such license exists. Following the introduction of such ringfencing measures in the U.K., we have moved forward with other European markets in the quarter.
This is a proactive measure. It’s a move from our side in markets with high — sorry, from our side in markets with high channelization that the ringfencing has had limited impact. However, in markets with low channelization, we have
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