Evolution AB launches €2 billion share buyback after record Q1 growth
Evolution AB has launched a €2 billion share buyback programme to strengthen its capital structure. The move follows strong first-quarter results, with nearly half of its revenue coming from regulated markets. The company also secured a €300 million credit facility to support its financial strategy. The board approved the buyback, allowing purchases of up to 19,922,661 shares—just under the 10% limit of issued stock. If holdings near this threshold, an extraordinary general meeting may be called. Repurchases will occur on Nasdaq Stockholm or other regulated markets, which generated 48% of Evolution’s Q1 revenue.
An independent firm will manage the buybacks, choosing timing and execution without direct input from the company. The programme can run until the full €2 billion is spent or until the 2027 annual general meeting. Evolution has also expanded its credit options, arranging a €300 million revolving facility with JP Morgan SE and Citibank Europe plc. The company continues to focus on growth outside Europe, with North America and Latin America leading recent improvements.
The buyback aims to create shareholder value while maintaining financial flexibility. With a clear limit of 19,922,661 shares, the programme will operate independently until 2027. The new credit facility further supports Evolution’s strategy as it targets expansion beyond its core markets.
