{"id":105,"date":"2021-07-21T13:53:00","date_gmt":"2021-07-21T11:53:00","guid":{"rendered":"http:\/\/localhost\/evolution-wp\/?post_type=news&p=105"},"modified":"2023-07-11T10:07:01","modified_gmt":"2023-07-11T08:07:01","slug":"interim-report-for-january-june-2021","status":"publish","type":"news","link":"https:\/\/www.evolution.com\/news\/interim-report-for-january-june-2021\/","title":{"rendered":"Interim report for January \u2013 June 2021"},"content":{"rendered":"\n
[PR] Evolution released today its Interim Report for January-June 2021.<\/p>\n\n\n\n
Second quarter of 2021 (Q2 2020)<\/strong><\/p>\n\n\n\n January-June 2021 (H1 2020)<\/strong><\/p>\n\n\n\n Events during the second quarter of 2021<\/strong><\/p>\n\n\n\n Summary of the second quarter and first six months of 2021<\/strong><\/p>\n\n\n\n CEO\u2019s comments<\/strong><\/p>\n\n\n\n Our strong development continued during the second quarter, we see very strong top-line growth and good momentum for Evolution. Revenues in the second quarter increased by 100 percent compared to the second quarter of 2020 to EUR 256.7 million. EBITDA increased to EUR 174.7 million, an increase of 115 percent and corresponding to a margin of 68 percent. We are in the middle of reshaping our RNG road map and revenues in the RNG business increased slightly from the first quarter this year but declined by 2 percent compared to Q220. I expect the year-on-year RNG-growth to improve in the coming quarters this year. The Live Casino business continues to see exceptional world-wide demand and grew with 59 percent compared to Q220. It is good to see Live Casino continue to deliver such a high growth rate yet another quarter. I am happy with the performance in the second quarter but as always we can do better and should always strive to do more.<\/p>\n\n\n\n Our EBITDA margin reached a new high level during the first quarter this year, a level that we maintained this quarter and I expect to maintain also during the rest of the year. Strong demand contributed to the margin development in the quarter, but as we have stated several times, in a trade-off situation between margins and growth, we will always go for long-term growth.<\/p>\n\n\n\n As always, we continue to put great focus on products and innovation in both our verticals with the ambition to continuously recharge our product offering. The flawless end-user experience together with entertaining, innovative games is the core of Evolution<\/a>. Evolution\u2019s ambition is not only to continuously develop new unique games, but also to launch incremental improvements to our existing titles to enhance the player experience to perfection in every detail. In Live Casino securing long-term quality through continuous improvements is essential in our ambition to increase the gap to competition. In the quarter we have for example made a revolutionizing new version of our Baccarat game which we hope will be the new way of playing Baccarat<\/a> all over the world. Also the Game Show category will see new titles during the second half of this year. We are developing the category with games that engage the players with more entertainment and more control for the player. We believe this is a way to broaden the category even further to yet new types of players.<\/p>\n\n\n\n<\/figure>\n\n\n\n