Evolution posts 23.5% increase in operating revenue for 2023

Updated:2024-03-31 07:54    Views:118

Evolution has released its fourth-quarter results for 2023 as well as its full-year results for last year, showing positives across the board for both. 

Q4 2023 

In the final quarter of 2023, Evolution made significant progress, including raising the guided EBITDA margin range for 2024 to 69-71%, initiating a share repurchase programme, and reaching +1,600 live tables by the end of the period. 

Operating revenue for Q4 2023 reached €475.3m ($513.7m),golden gallina slot an increase of 16.6% compared to the same period last year, while EBITDA went up from €279.5m in Q4 2022 to just under €337m in Q4 2023. 

RNG revenue did decline, however, dropping to €69.8m from the €72.5m recorded in the fourth quarter of 2022. 

Profit margin increased from 54.8% to 59.5% year-on-year, which also meant profit for the period increased during the period from €223.5m to €282.9m.