Evolution Gaming

Evolution Gaming

14/08/2018 Off By Eduardo Steward

Evolution Gaming Company Background

Evolution Gaming Group was founded in 2006 and its headquarter is in Stockholm, Sweden. The company’s branches expanded in Canada, Estonia, Latvia, Malta, Netherlands, the United Kingdom and listed on the Nasdaq Stockholm exchange. The Evolution Gaming’s portfolio of games primarily includes Live Roulette, Live Blackjack, Live Baccarat, Live Casino, Hold’em, Live Three Card Poker, Live Caribbean Stud Poker, Live Ultimate Texas Hold’em, Live Money Wheel, and Live Texas Hold’em Bonus Poker, as well as Live Dream Catcher. It operates approximately 400 tables.

Evolution Gaming Board of Directors

The Board of Directors appointment is by the shareholders at the Annual General Meeting until the end of the next Annual General Meeting. The company’s Board of Directors shall consist of 3–8 directors without deputy directors.

Jens Von Bahr is chairman of the board of directors of Evolution Gaming. He was appointed non-independent chairman in November 2016. His other duties include acting as a board member in JOvB Investment AB.

Joel Citron is a board member since 2015. Joel is CEO of Tenth Avenue Holdings LLC and Chairman of Tenth Avenue Commerce LLC. He is the shareholder of the Evolution Gaming.

Jans Engwall was also elected in the board of directors in 2015. Acting as one of the shareholders of the company, he also was founder of companies such as Skruf Snus AB. His other assignments include acting as CEO Knoxville AB, Chairman of ExOpen Systems AB, Occasion AB, Takkei Trainingsystems AB and Telefonshoppen Norden AB.

Cecilia Lager is board member since 2017. She is acting chairman of Navigera AB and Board member in Elanders AB, Cinnober Financial Technology AB, Altor Fund Manager AB, Collector AB, Capacent Holding AB and Clemondo Group AB.

Ian Livingstone was elected to board of directors in 2015. Ian is acting as chairman of London+Regional Properties Limited. He is the shareholder of the Evolution Gaming.

Fredrik Österberg is board member since 2015. Fredrik founder of Evolution Gaming and has a non-independent relationship to the company and its management. He holds shares through Österbahr Ventures AB. Before founding the company, Fredrik was CEO of Sportal Nordic.

Evolution Gaming Shareholder Information

10 largest shareholders (30 June 2018)

Shareholder Number of shares % of capital and votes
Richard Livingstone 5,950,032 16.5%
Österbahr Ventures AB 5,451,292 15.2%
Swedbank Robur Fonder 3,398,686 9.4%
Capital Group 1,943,200 5.4%
Handelsbanken Fonder 1,285,000 3.6%
Vanguard 616,817 1.7%
1832 Asset Management 616,578 1.7%
Avanza Pension 607,378 1.7%
SEB Fonder 543,313 1.5%
Henric Wiman 491,569 1.4%
Total, 10 largest shareholders 20,903,865 58.1%
Other shareholders 15,066,512 41.9%
TOTAL 35,970,377 100%


Source: Monitor by Modular Finance AB. Compiled and processed data from various sources, including Euroclear, Morningstar and the Swedish Financial Supervisory Authority.

Evolution Gaming Profit and Loss Annual Report

2017 2016
Revenues 178,222 115,046
Other revenues 163 415
Total operating revenues 178,385 115,461
Personnel expenses -72,122 -53,218
Depreciation, amortisation and impairment -13,754 -9,760
Other operating expenses -25,628 -17,619
Total expenses -111,504 -80,597
Operating profit 66,882 34,864
Financial income 6 10
Financial expenses -224 -244
Profit before tax 66,664 34,630
Tax on profit for the period -4,535 -2,890
Profit for the period 62,129 31,740

Source: https://www.evolutiongaming.com/sites/default/files/evoar2017eng.pdf

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Investor Relations Contact

Jacob Kaplan
Chief Finance Officer