Evolution (Buy, TP: SEK810.00) - Updated data-tracking (week 49)
Our new proprietary data-tracking tool continued to show strong growth momentum for Evolution’s games last week in terms of number of simultaneous players (average 4% week-on-week growth). Our peak-observation for the new hyped ‘Crazy Time’ gameshow stood out, with 24% more players week-on-week early on the Friday evening on 4 December. We believe the sequential growth in player numbers supports the growth case, and view it as a combination of a structural tailwind, superior product and seasonality.Evolution Gaming Group is a B2B provider of Live Casino solution systems in Europe. In Live Casino, a dealer runs the game from a casino table which is streamed in real time. End users, i.e. the players, make betting decisions on their devices (computers, smartphones, tablets, etc.) and are able to communicate with the dealer using a text chat function. Co.'s core portfolio consists of nine games such as Live Roulette, Live Blackjack, Live Baccarat, Live Casino Hold'em, Live Three Card Poker and Live Caribbean Stud Poker. Co.'s gaming portfolio offers the operators' end users an interactive experience that feels like playing in a real casino.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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