Evolution AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 21, 2022 at 01:30 am EDT
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Evolution AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 343.96 million compared to EUR 256.69 million a year ago. Revenue was EUR 343.96 million compared to EUR 256.69 million a year ago. Net income was EUR 200.87 million compared to EUR 144.41 million a year ago. Basic earnings per share from continuing operations was EUR 0.94 compared to EUR 0.68 a year ago. Diluted earnings per share from continuing operations was EUR 0.92 compared to EUR 0.65 a year ago.
For the six months, sales was EUR 670.73 million compared to EUR 492.53 million a year ago. Revenue was EUR 670.73 million compared to EUR 492.53 million a year ago. Net income was EUR 398.56 million compared to EUR 276.44 million a year ago. Basic earnings per share from continuing operations was EUR 1.87 compared to EUR 1.3 a year ago. Diluted earnings per share from continuing operations was EUR 1.83 compared to EUR 1.25 a year ago.
Evolution AB specializes in the development, publishing and marketing of live casino games on the Internet for gaming operators. The group operates in the fields of roulette, blackjack, baccarat and poker games, while offering software solutions and online casino platforms live on computers, smartphones and tablets.
At the end of 2022, Evolution AB had 11 production studios located in the United States (3), Belgium, Canada, Georgia, Latvia, Lithuania, Malta, Romania and Spain.
Net sales are distributed geographically as follows: Sweden (0.1%), Malta (67.5%), Australia (3.3%), Curaçao (21.8%), North America (0.6%) and others (6.7%).
EVOLUTION AB 
