Evolution AB (publ) Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Martin Arnell - DNB Markets, Research Division - Analyst : It looks like a good quarter in Live. And I was just wondering on the Asia numbers and Baccarat in specific. What is the driver of the very strong performance in Baccarat that we've seen in this and also in the last quarter. Is it the focus that you had in 2021 on the Baccarat games, and are they sort of still paying off? Or can you give any flavor on that?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. And can you share any light on why Asia seems to have picked up in the last 6 months?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : And if you look into North America, what do you see as the main driver of growth in the coming 12 months in that region?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. So you expect to be able to grow at this pace or high double-digit even without more stakes in the coming 12 months?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : And just final 2 questions. Firstly, you commented that you expect growth to slow because the base gets bigger. Do you see that quarter-to-date in April? And secondly, what would you like to do with the big cash position aside from payout to shareholders?

Question: Marlon Varnik - Nordea Markets, Research Division - Analyst : Just a follow up question here on studios. How is the ramp-up of studios going? I remember you mentioned that Jarvan was going slowly before? And what's causing the potential problems in this ramp-up here?

Question: Marlon Varnik - Nordea Markets, Research Division - Analyst : Yes. Okay. You also mentioned that you expect a couple of new studios in LatAm. Can we expect anything already during the second half of 2023? Any time frame you can give here would be appreciated.