Pareto cuts Evolution stock to Hold and keeps SEK 800 target

Published on 10/09/2026 at 12:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached SEK 5,736 million, up 3.33 percent from Q1. Evolution stock costs EUR 72.69 on October 9, 2026 after EUR 72.57.

Key points in brief

Pareto Securities cut Evolution from Buy to Hold on October 9, 2026, while keeping its SEK 800 target.
Evolution reported Q2 2026 revenue of SEK 5,736 million, up 3.33 percent from Q1.
The Lang & Schwarz quote was EUR 72.69, plus 0.17 percent versus EUR 72.57 on October 9, 2026.
Evolution is scheduled to report January to September 2026 results on October 23, 2026.

Editorial-Foto vom Trading-Floor mit Kurscharts und Glücksspiel-Symbolen auf Bildschirmen — Evolution AB (SE0012673267) notiert an der Nasdaq Stockholm OMX, hier symbolisiert durch Trading-Floor-Charts, Illustration mit AI erstellt.

Evolution (SE0012673267) stock was quoted at EUR 72.69 at Lang & Schwarz on October 9, 2026 at 12:51 p.m. CEST, while Placera reported that Pareto Securities cut its rating from Buy to Hold and kept its SEK 800 price target on October 9, 2026. Evolution reported Q2 2026 revenue of SEK 5,736 million, up 3.33 percent from Q1, according to Affarsvärlden.

Three dated Evolution milestones

On September 16, 2026, 111,716 shares were tendered into Candle Lake's mandatory offer, equal to 0.06 percent of Evolution's share capital, as reported by MarketScreener. Evolution had acquired 778,000 own shares during the period ending September 18, 2026, taking treasury shares to 15,991,100, according to MarketScreener. On October 9, 2026, the Pareto action became the latest dated development, with the SEK 800 target unchanged.

What does the target change mean?

The unchanged SEK 800 target places the emphasis on execution rather than valuation expansion. Pareto said Brazil's online casino restrictions could persist and cut its 2027 and 2028 revenue and EBITDA forecasts by 4.00-5.00 percent, according to Placera. That counter-factor matters because Q2 2026 operating profit was SEK 3,299 million and the operating margin was 57.50 percent, making growth quality as important as revenue volume.

Next reporting dates

Evolution's investor-relations calendar lists the January to September 2026 interim report for October 23, 2026. It also lists the ICE industry exhibition from January 18, 2027, through January 20, 2027, according to Evolution.

Stock holds near the yearly range

On Nasdaq Stockholm, Evolution was last at SEK 812.60 at 12:53 p.m. CEST on October 9, 2026. Its market capitalization was SEK 154.8 billion, while the 52-week range stood at SEK 515.40 to SEK 911.00 on the same date. At Lang & Schwarz, the stock was trading at EUR 72.69 on October 9, 2026 at 12:51 p.m. CEST, plus 0.17 percent versus the EUR 72.57 prior close of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Evolution stock.