🧠 Earnings Breakdown: Evolution, Alphabet, and Kinsale Capital (+ Novo Nordisk Drop)

Great earnings reports + Catastrophic profit warning from Novo

Hi Partner,

Today, we break down the earnings report of 3 of the holdings in the Quality Growth, namely:

• Evolution AB

• Alphabet

• Kinsale Capital

• Bonus: Comment on Novo Nordisk -20% drop

🎰 Evolution AB: Timing Headwinds, Building Resilience

Q2 2025 was a mixed bag for Evolution, with regulatory adjustments and cybercrime defenses constraining growth momentum…