Live casino developer Evolution announced yesterday evening that the company plans to repurchase its own shares for 2 billion euros. The news has sent the stock soaring on the Stockholm Stock Exchange today.
'Given the current share price, Evolution would buy back 15 percent of its outstanding shares. We cannot recall a large Nordic company ever executing a program of this magnitude before', Affärsvärlden wrote in a commentary on Tuesday.
The publication estimates that the program consumes nearly all of Evolution's available capital, namely the current net cash position of 1.1 billion euros, plus a free cash flow of a similar amount over the coming year.
Affärsvärlden maintains its previous buy recommendation on Evolution.
Evolution AB specializes in the development, publishing and marketing of live casino games on the Internet for gaming operators. The group operates in the fields of roulette, blackjack, baccarat and poker games, while offering software solutions and online casino platforms live on computers, smartphones and tablets.
At the end of 2025, Evolution AB had 24 production studios worldwide.
Net sales are distributed geographically as follows: Sweden (0.1%), Malta (82.2%), Curaçao (10.4%), South America (2.4%), Australia (1.6%) and other (3.3%).
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