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EVVTY - Evolution AB: A More Robust Execution Needed
Evolution Gaming Group AB ADR
2024-05-06 22:15:32 ET
Summary
Evolution AB's share price has fallen by 10% due to concerns over execution risks.
In 1Q24, the company encountered several headwinds, including slow execution in expansion plans, FX headwinds, and failure to turn around the RNG business.
The company's premium valuation reflects industry-leading EBITDA margins and revenue growth but also raises expectations for flawless execution.
I rate the company as a hold for now, citing the need for clearer signs of improvement amidst ongoing challenges.