Evolution AB (publ) Q2 2022 Earnings Call Transcript

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

Question: Martin Arnell - DNB Markets, Research Division - Analyst : I hope you can hear me. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 21, 2022 / 7:00AM, EVOG.ST - Q2 2022 Evolution AB (publ) Earnings Call

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Perfect. So my first question is, I want to know sort of what trends you're seeing in the online casino market given this weaker macro environment? And is there any change in your own market forecasts at this stage?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. That's clear. And I remember in the last quarter, you mentioned that you are underserving the market. And I would like to know where you are in that context now in this quarter and what you expect to have?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. So you're more on pace now with the demand?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Yes. Okay. And just you mentioned North America, I think your growth accelerated there. Is that because of the new states, the two ones that you add? Or is that...

Question: Martin Arnell - DNB Markets, Research Division - Analyst : North America. The North America number. The growth performance in North America was a bit better than I expected, at least. And I was just wondering sort of what's driving the acceleration? Is it the new studios or the new states? Or is it New Jersey and Pennsylvania?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. Excellent. And then I have my final question is on this balance between...

Question: Martin Arnell - DNB Markets, Research Division - Analyst : One final one. On this balance, between margin and growth, you say that you will always prioritize growth. And you're still at high growth numbers, but it's fading a bit. So my question is, sort of could you not accelerate the growth with higher cost investments? Or how should we interpret it that our margin guidance is intact despite somewhat lower growth?

Question: Georg Attling - Pareto Securities AS, Research Division - Analyst : Just a question on Asia, where we're seeing quite roughly decelerating growth. Is this like a level that we could expect going forward? Or are you seeing some temporary issues in the market, even though the absolute growth is obviously strong? Will be my first question.

Question: Georg Attling - Pareto Securities AS, Research Division - Analyst : Okay. Great. And then my second question on Ontario. I heard there was some issues with payments in the early parts of the regulation. It's something that you can comment on it, if it's affected you or if you think the rollout in Ontario has started in line with your expectations? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 21, 2022 / 7:00AM, EVOG.ST - Q2 2022 Evolution AB (publ) Earnings Call

Question: Marlon Varnik - Nordea Markets, Research Division - Analyst : Firstly, I'm a bit surprised by the strong performance in North America, but also the weak performance in other markets. I know you already touched the North America market already. But can you please comment a bit on the other markets? What's the reason for kind of the momentum slowing

Question: Marlon Varnik - Nordea Markets, Research Division - Analyst : Yes. And just can you give us an update what's the plan in terms of launching a Live Casino in the South American market? Any comments here?

Question: Marlon Varnik - Nordea Markets, Research Division - Analyst : Yes. Clear. And just lastly, I mean beside the macro uncertainty, what's the main risks you see here going forward? And do you find the labor market -- I mean is it -- can you ramp up that as expected? Or is it actually holding some potential growth back? Any comments there?