Fourth quarter of 2020 (Q4 2019)
- Operating revenues increased by 68% to
EUR 177.7 million (106.0) -
EBITDA adjusted for non-recurring items amounted to
EUR 115.6 million (55,8), an increase with 107%, for a margin of 65,1% (52,7%) -
Non-recurring acquisition and restructuring costs amounted to
EUR 19.4 million -
EBITDA including non-recurring items increased by 72% to
EUR 96.2 million (55.8), corresponding to a margin of 54.2% (52.7) -
Profit for the period amounted to
EUR 80.6 million (46.8) -
Earnings per share amounted to
EUR 0.42 (0.26)
Full-year 2020 (2019)
- Operating revenues increased by 53% to
EUR 561.1 million (365.8) -
EBITDA adjusted for non-recurring items amounted to
EUR 351,6 million (182,9), an increase with 92%, for a margin of 62,7% (50,0) -
Non-recurring acquisition and restructuring costs amounted to
EUR 19.4 million -
EBITDA increased by 82% to
EUR 332.2 million (182.9), corresponding to a margin of 59.2% (50.0) -
Profit for the period amounted to
EUR 284.6 million (149.7) -
Earnings per share amounted to
EUR 1.55 (0.83) -
The Board proposes a dividend of
EUR 0.68 per share (0.42)
Comments from CEO
We end an eventful 2020 on a high note with a quarter that marks a significant step forward for Evolution. Through the acquisition of NetEnt, we add a second vertical to our unrivalled
Evolution Live had a strong fourth quarter with growth of 51% compared to the same period 2019. I am particularly pleased that we continue to see a positive momentum in player numbers and engagement levels. Games launched during 2020 have performed very well and recently we launched the first ever live version of Craps. We are now on our way with the roadmap for 2021, it is an intense time with releases being planned as I write this. During this year, we will further strengthen our Game Show-segment and increase the entertainment factor to attract and serve new player categories.
Our revenues during the quarter amounted to
Since the day of the closure, I look at Evolution as one company with multiple strong products and brands. We acquired NetEnt because we believe that we together can create something great. To maximise the potential of this acquisition it was essential that we discarded existing structures and rapidly rebuild ourselves in a joint version. We were well prepared before the take-over and started the execution on day one. In the first month following the closure, we completed the planned integration. We will achieve approximately
In the years to come, we will continue to take advantage of the ongoing market regulation to strengthen our world-leading position in
Overall, there was good growth in all our regions during the latter part of 2020. Despite the effects that the pandemic has on society in general in the US, we have continued to expand in
The pandemic has continued to be a factor throughout the year. Our organic growth was solid already in the beginning of 2020, and I am pleased to see continued strong demand with many new players and high activity in the network throughout the year. Meanwhile, with the well-being of our teams in mind, the pandemic has brought on significant changes and challenges to work routines and impacted the timelines for construction of new studios as well as the total operating capacity.
In this time of change and growth it is important to note that Evolution's focus will remain centered on the same idea that the company was once founded upon - innovation and pushing boundaries. We operate on the firm belief that it is the best products and the most thrilling experiences that will attract players and continuously increase the gap to the competition. We know that the future of gaming lies in engaging and entertaining and that, as a leading actor of this fast-moving industry, we are in a unique position to drive this development. For our people, it means that every individual should strive to be just a little bit better every day.
As we close the first year of this decade, the exact rate of global conversion from land-based to online gaming remains unpredictable. However, the overarching trends are clear and there is no doubt that online will continue to grow at a high rate, fuelled by the overall trends in increased access to high-speed internet and market regulation. We have our growth runway laid out to meet this growing demand, and we will continue to invest in studio capacity and keep our relentless focus on product innovation and a flawless delivery by our team and striving to do better every day.
There is much to look forward to in 2021. We enter the new year with an intense and successful 2020 behind us, a proven strong, competent and energetic team and tremendous business momentum. 2021 is off to a strong start and I am excited to soon share more news from the group on how we plan to work with operators to take product innovation and player experience to the next level.
Presentation for investors, analysts and the media
CEO
Number for participation by telephone:
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US: +1 833 249 84 07
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CFO
ir@evolution.com.
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