Evolution AB (publ) (EVO) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.457 Thank you. Good morning, everyone, and welcome to the presentation of Evolution's report 00:00:05.457 -- 00:00:08.438 for the second quarter 2025. 00:00:08.460 -- 00:00:12.004 My name is Martin Carlesund and I'm the CEO of Evolution. 00:00:12.004 -- 00:00:16.288 With me, I have our CFO Joakim Andersson. 00:00:16.288 -- 00:00:21.093 I will start with some comments on our performance as usual and then hand over to Joakim 00:00:21.093 -- 00:00:25.798 for a closer look at our financials. After that, I will conclude with an outlook and 00:00:25.798 -- 00:00:28.561 then we will open the call for questions. 00:00:28.561 -- 00:00:31.122 Next slide, please. 00:00:33.528 -- 00:00:38.414 So let's start with the financial and operational highlights in the quarter. 00:00:38.414 -- 00:00:42.659 The two main operational themes for the first quarter continue to impact our financial 00:00:42.659 -- 00:00:47.985 results. Firstly, we continue to ring-fence the European markets in order to stay 00:00:47.985 -- 00:00:52.070 ahead of changes that we know will come to the regulatory landscape. 00:00:52.070 -- 00:00:56.555 What that means is that we effectively ring-fence the markets with local regulation and 00:00:56.555 -- 00:01:01.160 ensure that our gains are only available with locally licensed operators in markets where 00:01:01.160 -- 00:01:03.464 such license exists. 00:01:03.464 -- 00:01:08.409 What started with the UK has now followed on more European markets affecting our revenues 00:01:08.409 -- 00:01:12.572 in the region for the short term. The impact of these measures depend on the level of 00:01:12.572 -- 00:01:14.174 channelization. 00:01:14.174 -- 00:01:19.479 In markets where it's high, it has had little impact, but in markets where low ...