Brief: Evolution Q3 EBITDA Increases To EUR  415.3 Mln

Evolution AB (publ)

24/10/2024 06:44

Oct 24 (Reuters) - Evolution AB (publ)  EVOG.ST :
    * DURING Q3 OUR OPERATIONAL DEVELOPMENT HAS CONTINUED AT A
HIGH
PACE
    * QUARTER ALSO PRESENTED NEAR-TERM CHALLENGES AND TWO
EXOGENEOUS
FACTORS THAT HAVE HAD A NEGATIVE IMPACT ON QUARTER
    * EXPECT MARGINS TO REMAIN AROUND SAME LEVEL FOR FINAL
QUARTER OF
YEAR
    * EXPECT TO COMPLETE YEAR SLIGHTLY BELOW OUR EXPECTATION
FROM
BEGINNING OF 2024, OF FULL YEAR EBITDA MARGIN IN 69-71 PERCENT
RANGE
    * DURING QUARTER THERE WAS ALSO A SIGNIFICANT INCREASE IN
ADVANCED
CYBER-ATTACKS AGAINST OUR ASIAN VIDEO DISTRIBUTION THEREBY
IMPACTING OUR ASIAN REVENUE NEGATIVELY
    *  CONTINUE TO SEE ATTACKS AND WE WILL CONTINUE TO
AGGRESSIVELY
SCALE UP COUNTER MEASURES
    * WE ARE BEGINNING TO SEE RESULTS OF OUR INCREMENTAL
IMPROVEMENTS
IN RNG OFFERING
    * INVESTMENT IN NEW STUDIOS WILL CONTINUE INTO 2025. RIGHT
NOW WE
ARE LAUNCHING NEW STUDIO PROJECTS IN BRAZIL AND PHILIPPINES
    * Q3 EBITDA INCREASED BY 30.3% TO EUR 415.3 MILLION (318.6)
    * Q3 PROFIT FOR PERIOD AMOUNTED TO EUR 328.6 MILLION (272.8)

Source text for Eikon:  ID:nWkr5vMrh 
Further company coverage:  EVOG.ST 

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