Description
Evolution Gaming Group AB, headquartered in Sweden, focuses on creating, overseeing, and licensing online casino games.
This extensive report includes an overview of the company, details on acquisitions and divestitures, business outlook , and a retrospective analysis of financial statements Q1FY24.
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q1FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q1FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the Q1FY24 report with the reports from previous quarters of the current fiscal year and Q1FY23;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- EVO - Evolution Gaming Group AB;
- RNG - Random Numbers Generate;
- QoQ - Quarter-over-Quarter;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Evolution Gaming Group AB Annual Report Period is from January 1 to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
Key findings of the report include:
- Evolution Gaming Group AB is a Swedish-based gaming firm focused on crafting, overseeing, and licensing online casino games. The company's headquarters are situated in Stockholm
- Evolution has entered into an agreement to purchase Livespins Holdings Limited, a B2B provider of social streaming games, for an initial cash consideration of 5 million EUR.
- In 2023, the Board of Directors suggests that the Annual General Meeting approve the transfer of 559.3 million EUR to shareholders, equating to 2.65 EUR per share and representing 52.2% of net profit.
