Evolution Earnings Decline In Q1
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Evolution AB reported a 1.1% decline in Q1 earnings, with profit falling to 251.93 million euros due to regulatory challenges and reduced player activity in Europe. Revenue also decreased by 1.5% to 513.04 million euros. Adjusted EBITDA dropped to 335.32 million euros, and operating profit fell to 292.61 million euros. Despite these declines, earnings per share slightly increased to 1.26 euros. The company's stock closed 0.31% higher at SEK 638.80 on the Stockholm Stock Exchange.
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