Evolution AB (publ) (EVO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Now I will hand the conference over to the speakers, CEO Martin Karlsson and CFO Joakim Andersson. Please go ahead. Good morning. Welcome everyone to the presentation of Evolutions report for the first quarter 2025. My name is Martin Karlsson and I'm the CEO of Evolution. With me, I have 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 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 operational side, as two 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 ring fence the markets with a local regulation and ensure that our gains are only available with locally licensed operators for markets where such license exists. Following the introduction of such ring fencing measures in the UK, 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 channelisation that the ring fencing has had limited impact. However, in markets with low channelization, we have seen a drop in revenue. As you know, we believe that regulation is positive over time and we support the regulators in the ways we can. However, as a supplier, our impact is actually quite small, as channelization is highly dependent on the regulatory framework and the parameters used, suc...