EVS EVS Broadcast Equipment SA

EVS Broadcast Equipment reports update of share buyback program

EVS Broadcast Equipment reports update of share buyback program
EN
12/10/2020

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Reports on EVS Broadcast Equipment SA

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Belgian telcos: Football rights negotiations between DAZN and Proximus resume. Eurocommercial Properties: CMD Feedback. EVS: Adds another small acquisition to its new ‘media robotics' segment. Kinepolis: Paramount Skydance reportedly to bid for Warner Bros. Discovery. Wolters Kluwer: Two CEOs, one strong AI story

Guy Sips ... (+5)
  • Guy Sips
  • Hilde Van Boxstael
  • Kristof Samoy
  • Lynn Hautekeete
  • Wim Lewi
ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AEGON: US Life Brighthouse sale to PE a (slow) trend. Athora: Peer of ASR, NN, 1H25 results. Strong OCG growth, lower Solvency. EVS: Peer Evertz 1Q26 results

Guy Sips ... (+8)
  • Guy Sips
  • Hilde Van Boxstael
  • Kristof Samoy
  • Livio Luyten
  • Michiel Declercq
  • Thibault Leneeuw
  • Wim Hoste
  • Wim Lewi

Dynamic Top Pick List Update September: Adding AB InBev and Exor

In this September update we added 2 stocks to the KBC Securities Dynamic Top Pick List : We added AB InBev after the share price weakened post-2Q results. ABI's 2Q volumes fell 1.9% organically, below expectations, mainly due to a 9% drop in Brazil where a price hike led to temporary market share loss. However, strong revenue per hl growth (+4.9%) drove a 6.5% organic EBITDA increase, with 1H growth at +7.2%, near the top of FY guidance (+4–8%). AB InBev, the world's largest brewer, generates ...

David Vagman ... (+2)
  • David Vagman
  • CFA

EVS/Temporary growing pains, attractive US deal/BUY

We cut our EPS 2025F-2027F by 10%-7%, and our TP to €44 from €46 following the weak 1H25, the Telemetrics deal and a notch lower WACC. We reiterate our BUY as we think the slower EPS growth reflects the temporary impact of a new US import model and the transition to larger projects, requiring better planning. EVS is accelerating its US offensive and the credible management team is confident on 2H25. We see these issues as short term growth pains. We like the industrial and financial rationale o...

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