Evolution rises on solid Q2 results

Evolution Petroleum

21/07/2021 08:54

** Shares in Evolution  EVOG.ST  rise 5.3%, pares gains
after rising as much as 8.9%, after the Swedish live-casino
company reported hike in Q2 core earnings, as the pandemic
boosted demand for online casino games  urn:newsml:reuters.com:*:nL8N2OX17M
    ** The company reported an increase of 100% in operating
revenues for the quarter to EUR 256.7 million ($301.73 million),
and an increase of 115% in quarterly EBITDA to EUR 174.7 million
    ** "Our EBITDA margin reached a new high level during Q1, a
level that the company succeeded to maintain this quarter and
expects to maintain during the rest of the year", CEO Martin
Carlesund said in a statement
    ** Stock is among top performers on pan-European index Stoxx
600  .STOXX  and on track for best day since May 20


($1 = 0.8508 euros)

 (Reporting by Aleksandra Majewska)
 ((Aleksandra.Majewska@thomsonreuters.com))