EVS Broadcast Equipment FY24 revenue and EBIT guidance firming up towards higher end of range
EVS indicated that after 3Q24 they are on track to achieve FY24 revenue and profit at the higher end range of its guidance (revenue guidance of € 190 to €200m (KBCSe € 197.1m) and EBIT guidance €40 to 46m (KBCSe € 44.1m)). Next to the positive impact of its revenue performance on its gross profit, EVS sees an increasing gross margin performance on all its solutions. For this EVS refers to a well balanced pricing strategy. Without giving exact numbers, they highlight that this results in an overall gross profit growing faster than revenue. From an OpEx point of view, FY24 has been a year of investments. By end FY24, EVS expects to add very limited new additions to its resource base going forward. As a result, its OpEx has seen quite some growth in 2024, but the growth is well projected and controlled.EVS Broadcasting Equipment is engaged in the development and marketing of audiovisual equipment relating to the processing of pictures and sound. Co. provides solutions based on tapeless workflows with a consistent modular architecture. Co.'s activities are divided into the following regions: Asia-Pacific, Europe, Middle East and Africa, and America.
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