EVS - Clear beat in H1, FY guidance raised
H1-23 results well above expectations, with net profit of EUR 25m (+37%) vs DP EUR 14m.Guidance raised, increases FY23 EBIT range from EUR 150-160m to EUR 160-170m, above our estimate of EUR 155m.Estimates, recommendation and target price under review to reflect the strong H1 performance and increased guidance.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.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
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