Europe weighs down Evolution as Latin America grows 29.3 percent

Published:

Europe weighs down Evolution as Latin America grows 29.3 percent
Photo: Christine Olsson/TT

Evolution has released interim figures for the first quarter. Profit according to the EBITDA measure amounted to EUR 335 million, a decrease of 1.9 percent compared with the same period last year. Meanwhile, turnover of EUR 513 million was in line with market expectations.

Evolution, which has long been struggling with cybercrime in the Asian market, is now reporting growth in the region of 2.2 percent.

"Although the overall picture is better today than a year ago, volatility and uncertainty will persist at least for the rest of the year," the company writes.

The Latin American market, meanwhile, saw growth of 29.3 percent compared with the previous year, while Europe decreased by a further 5.9 percent compared with the previous quarter.

Loading related articles...

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...