Stockholmsbörsen experienced a significant uptick of nearly 1% on the eve of Valborgsmässoafton, with notable movements in the day’s reporting companies.
One of the most striking developments was the 19% plunge in Evolution’s stock following its first-quarter earnings report miss, marking the largest single-day decline in the company’s history. In 2021, the stock had already fallen by 16%.
Despite a 3.9% increase in revenue to 521 million EUR, significantly lower than Bloomberg’s analyst consensus of 544 million EUR, Evolution’s EBITDA result fell short of expectations at 342 million EUR, compared to the anticipated 564 million EUR.
In the report, CEO Martin Carlesund expressed his dissatisfaction with the financial performance in the quarter, highlighting that the slower growth rate is partly attributed to measures aimed at combating criminal cyber activities.
Evolution’s Biggest Stock Plunges Since Listing:
| Date | Change (%) | Previous | Closing |
|————|————|———-|———|
| 2025-04-30 | 17.93 | 835.6 | 685.8 |
| 2021-11-25 | 15.98 | 1220 | 1025 |
| 2018-03-29 | 15.76 | 108.6 | 91.48 |
| 2016-02-08 | 13.94 | 58.1 | 50 |
| 2021-05-11 | 13.77 | 1584.8 | 1366.6 |
| 2016-06-27 | 11.59 | 53.5 | 47.3 |
| 2021-12-02 | 11.38 | 991 | 878.2 |
| 2022-05-09 | 11.14 | 1022.8 | 908.9 |
| 2022-01-27 | 10.66 | 1212.4 | 1083.2 |
| 2018-02-15 | 10.37 | 124.4 | 111.5 |
Meanwhile, Handelsbanken saw a 5% surge in its stock following a better-than-expected profit performance, with an operating profit of over 8.1 billion SEK, surpassing the anticipated 7.582 billion SEK. Although net interest income was lower than a year ago, it exceeded expectations at over 11.3 billion SEK.
In the tech sector, Hexagon saw a rise in its stock price after reporting figures in line with its profit warning. The operating profit stood at 267.2 million EUR (335.9), with an operating margin of 20.2% (25.8).
On the other hand, sportsbook provider Kambi experienced a 10% drop in its stock price as operating profit plummeted by 80%. The adjusted EBITA result came in at 2.3 million EUR (5.8), attributed to reduced revenues from transition fees, new deposit restrictions in the Netherlands, and currency losses of 1.2 million EUR, compared to a profit of 0.2 million EUR in the same period last year.
This dynamic day on the Stockholm Stock Exchange showcased a mix of triumphs and setbacks for various companies, underlining the volatile nature of the financial markets and the impact of macroeconomic factors on individual businesses. Investors and analysts will be closely monitoring these developments to gauge the future trajectory of these companies in the ever-evolving market landscape.