Evolution released its Year-end Report
Evolution released today its final-year financial report for January-December 2022 and the full fourth quarter.
Successful period of Evolution
The fourth quarter proved to be very successful for Evolution. The group reported a 36% increase in operating income to 407.5 million euros (300.2 million in Q4 2021), as well as a 35% increase in EBITDA to 279.5 million euros (206.9 million in Q4 2021), corresponding to a margin of 68.6%. The company’s profit for the period was 223.5 million euros, while earnings per stock were 1.05 euros.
Evolution also boasts sizable year-on-year increases. Operating income also increased 36% to 1,457 billion euro (1, 069 billion in 2021), EBITDA was 1,008 billion euros, a 37% increase (734.7 million in 2021). The margin, meanwhile, reached 69.2%, also a year-on-year improvement. Earnings for Evolution amounted to 843.4 million euros (605.4 million in 2021), while earnings per stock were 3.95 euros (2.83 euros in 2021).
What will 2023 bring?
Evolution CEO, Martin Carlesund, said: “We wrapped-up a strong financial year 2022 with a very good fourth quarter. This despite the challenging market environment reflected in the war in Ukraine, rising inflation, lower consumer confidence and remaining COVID-effects on supply chains – all of which are currently impacting the recovery of the post pandemic world economy.”
The group CEO also shared his predictions for the next twelve months, which also promise to be exceptionally successful for Evolution: “As we now move into 2023, we expect an EBITDA-margin in the range of 68-71 percent for the full-year 2023. Given the high level of uncertainty in the world we give a slightly wider range for our guidance compared to previous year.” – added Carlesund.