Online casino solutions company Evolution has reported an increase in fourth quarter operating revenues by 36 per cent to €407.5m.

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EBITDA increased by 35 per cent to €279.5m, corresponding to a margin of 68.6 per cent, while profit for the period amounted to €223.5m. Earnings per share amounted to €1.05. 

CEO Martin Carlesund said: "We wrapped up a strong financial year 2022 with a very good fourth quarter.

"This was despite the challenging market environment reflected in the war in Ukraine, rising inflation, lower consumer confidence and remaining Covid effects on supply chains - all of which are currently impacting the recovery of the post pandemic world economy.

"The employees at Evolution have once again shown extraordinary focus on the task at hand and done great work in these challenging market conditions."