Its turnover increased by 102% in the first half. CEO Martin Carlesund said Evolution will add two new delivery centers in Europe this year. New studios are planned in both North America and Europe.
Evolution published on Wednesday its Interim report for January-June 2021. Second quarter revenue increased by 100% compared to the second quarter of 2020 at 256.7 million euros. During the first half of 2021, operating income increased by 102%.
EBITDA increased by 115% to reach 174.7 million euroscorresponding to a margin of 68 percent.
“We are in the process of reshaping our RNG roadmap and RNG revenue was up slightly from the first quarter this year, but was down 2% from the T220. I expect year-over-year RNG growth to improve in the coming quarters this year.” CEO Martin Carlesund commented. He said “strong demand“contributed to the evolution of the profit margin in the second quarter.
“During the quarter, for example, we created a revolutionary new version of our Baccarat game which we hope will be the new way to play Baccarat around the world. the Game Show category will see new titles in the second half of this year. We are growing the category with games that engage players with more entertainment and more control for the player. We believe this is a way to further expand the category to new types of players,” the CEO said.
“We continue to see increased demand for online casinos around the world. Our products are global and our long-term ambition is to be the global market leader. We want to reshape the online casino market worldwide. It’s as simple as that. The potential for expansion lies both in existing geographies and in new markets. This trimester we have expanded to the UK thanks to an agreement with the gaming operator hear for online games on the Ladbrokes, Coral and Gala Platforms. In the United States, new markets are opening up state by state. Our Michigan studio is approved and ready to launch, this will be the 3rd studio we operate in the United States.” Carlsund said.
He noted that the company has strong demand for expansion and that it continue to invest in both existing studios and new studios in both North America and Europe. In 2021, it will be add two new delivery hubs in Europe. “In 2022, we see continued studio expansion and investment in current locations, but also in new markets such as Latin America”, he added.