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Evolution is focused on operating in markets exactly where they are regulated. The industry grew at an annualized price of 38% between 2015 and 2019. Afterward, in between 2018 and 2022, the growth slowed down to 20.five% annually, according to H2GC. Having said that, Evolution has grown at a rate nicely above the marketplace in the course of all these years, continuously gaining market share. Moreover, EBIT margins have increased from 22% in 2013 to 62% in 2022.