Evolution stock tracks Candle Lake control at 33.8 percent

Published on 09/29/2026 at 12:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evolution stock posted Q2 revenue of EUR 517.8 million on July 17, 2026. Only 0.06 percent of shares were tendered into Candle Lake's offer.

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Evolution stock (ISIN SE0012673267) was trading at EUR 70.00 at Lang & Schwarz on September 29, 2026 at 12:02 p.m. CEST. The central ownership event is Candle Lake's completed mandatory offer, which left the bidder with financial exposure to 33.8 percent of Evolution's shares and votes.

Candle Lake reaches 33.8 percent

As Candle Lake announced on September 16, 2026, the offer became unconditional after the acceptance period ended. The offer attracted 111,716 shares, equal to 0.06 percent of Evolution's share capital and votes, while Candle Lake's direct and related holdings totaled 31.6 percent.

The ownership structure matters because the cash offer was set at SEK 695 per share, while the stock traded above that level when the result was reported. Nasdaq Stockholm also confirmed on September 16, 2026, that Evolution's observation status was removed after the offer outcome was disclosed.

Q2 revenue fell 1.2 percent

Evolution's latest reported quarter provides the operating counterweight. In Q2 2026, net revenue was EUR 517.8 million, down 1.2 percent year over year but up 0.9 percent from Q1 2026, according to Yahoo Finance.

EBITDA reached EUR 341.0 million, producing a 65.9 percent margin. RNG revenue grew 14.0 percent year over year, while live revenue declined 3.6 percent; the contrast shows why product mix and regional execution remain important for the next report.

October report sets next checkpoint

Evolution's investor-relations calendar lists the interim report for January through September 2026 on October 23, 2026, giving shareholders the next dated test of revenue growth and margin execution. The company also continues a EUR 2.0 billion share-buyback program, while the Q2 transcript states that 5.1 million shares were repurchased during the quarter.

Evolution stock trades at EUR 70.00

Evolution stock was trading at EUR 70.00 at Lang & Schwarz on September 29, 2026 at 12:02 p.m. CEST. The Lang & Schwarz page showed no valid prior-close comparison, so the current euro quotation stands on its own.