Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Lower Profitability for Evolution

Published: 19 July 2024
Lower Profitability for Evolution
Photo: Christine Olsson/TT

The game developer Evolution reports a profit after tax of 269 million euros, equivalent to 3.1 billion kronor.

This can be compared to the profit of 264 million euros during the corresponding quarter a year earlier.

Operating revenues increased by over 15 percent to 508 million euros.

Profitability was reduced by the rapid expansion during the quarter. The operating margin (EBITDA) fell to 68.5 percent, from 70.7 percent.

"The previous guidance on an EBITDA margin of 69-71 percent for the full year 2024 remains", writes Evolution's CEO Martin Carlesund.

People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Inflation slows down in France and Spain
1 MIN READ

Inflation slows down in France and Spain

Northvolt owner: The situation is serious
2 MIN READ

Northvolt owner: The situation is serious

Cautious opening on the stock exchange
1 MIN READ

Cautious opening on the stock exchange

The Northvolt Crisis: Risk of Losing Competence
3 MIN READ

The Northvolt Crisis: Risk of Losing Competence

Your savings rate is back to zero again
2 MIN READ

Your savings rate is back to zero again

Upward trend on the stock market in China following stimuli
1 MIN READ

Upward trend on the stock market in China following stimuli

Broad upswing on the American stock exchange
1 MIN READ

Broad upswing on the American stock exchange

No German Money for Northvolt
1 MIN READ

No German Money for Northvolt

SAS cancels more flights
1 MIN READ

SAS cancels more flights

Car Crisis May Lower Climate Demands in EU
3 MIN READ

Car Crisis May Lower Climate Demands in EU

Five Charged with "System-Endangering" Frauds
1 MIN READ

Five Charged with "System-Endangering" Frauds

The Plant Chain Closes Stores
1 MIN READ

The Plant Chain Closes Stores

County Insurance Lowers Fixed Mortgage Rates
1 MIN READ

County Insurance Lowers Fixed Mortgage Rates

Luxury companies are booming after China's stimulus measures
1 MIN READ

Luxury companies are booming after China's stimulus measures

Seek EU support for those affected at Northvolt
1 MIN READ

Seek EU support for those affected at Northvolt

Major Shareholder: Will Continue to Support Northvolt
1 MIN READ

Major Shareholder: Will Continue to Support Northvolt

Odd Molly Files for Bankruptcy
1 MIN READ

Odd Molly Files for Bankruptcy

The Swedish Central Bank Should Cut Interest Rates Further
2 MIN READ

The Swedish Central Bank Should Cut Interest Rates Further

Telia doubles its cash flow target
2 MIN READ

Telia doubles its cash flow target

Households' Mortgage Interest Rates Fall
1 MIN READ

Households' Mortgage Interest Rates Fall