Evolution rises as Q3 in line despite Georgia strike impact
** Shares in Evolution EVOG.ST soar 9.5% after the Swedish online gaming company reported Q3 in line with forecast despite ongoing issues with its Georgian workforce
** It posted Q3 underlying EBITDA excluding one-offs at EUR 356 million versus EUR 354 million seen by company consensus
** J.P.Morgan says the company's Q3 came in with no surprises overall, seeing it broadly in line
** The broker adds that this should be well perceived given ongoing labour strikes in Georgia that could have had a bigger negative impact on the business
** However, Evolution now sees 2024 EBITDA margin slightly below previously communicated 69-71% range
** Evolution shares are the second best performer on the pan-European 600 index .STOXX
Reporting by Marta Frackowiak
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