Mar. 27 at 6:16 PM
$EVVTY
Redeye attended an analyst meeting hosted by Evolution AB on Friday (prior to their March 16 research note). The discussion covered several key areas, including capital allocation, cyber crime in Asia, channelization in Europe, and competition.
Capital allocation (incl. dividend): Management explained that no dividend or share buybacks were announced alongside the Q4 results simply due to timing — nothing dramatic was behind the delay. They stressed the board’s full commitment to shareholder value creation. A dividend proposal was expected to be included in the AGM notice (published that same week).
Shortly after the meeting, on March 18, Evolution’s board proposed no dividend for 2025, deviating from the company’s normal policy (at least 50% of net profit). The stated reason was that a cash dividend was not currently the best way to create long-term shareholder value; further capital-allocation decisions for 2026 would be communicated later.