KBC Securities - EVS Broadcast Equipment SA (EVS) EVS Broadcast Equipment Busy days at EVS House in Paris : 2 nice transactions

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KBC Securities

Guy Sips

EVS Broadcast Equipment Busy days at EVS House in Paris : 2 nice transactions

EVS is acquiring MOG Technologies and becoming shareholder of TinkerList.

We welcome EVS acquiring MOG Technologies to enhance its portfolio and to expand its market reach. EVS sees this as a strategic acquisition to further support the extension of MediaCeption workflows. EVS indicated that the strengthening of EVS's cloud-based services aligns perfectly with the evolving expectations of the market, ensuring that they remain at the forefront of technological advancements in live and near-live production.

We also think it is an interesting move of EVS to became shareholder of Tinderlist, a broadcast software innovator closing the gap between the writer's room and the technical broadcasting environment. The idea is to further simplify the live production processes.

We reiterate our Buy rating (EVS is part of KBC Securities Dynamic Top Pick List) and our € 39 Target Price

05/08/2024 1 EN

Underlying

EVS Broadcast Equipment SA

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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BE0003820371 Euronext Brussels Belgium

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Guy Sips

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EVS Broadcast Equipment Busy days at EVS House in Paris : 2 nice transactions

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Notes : DSFIR NA, ELI BB, EVS BB

ING Benelux Favourites/ASM, ASR, D'Ieteren, EVS, Fugro, Randstad, SBM Offshore, SIF Group, UCB and Xior

Dynamic Top Pick List Update September 2024 –Cofinimmo & Kinepolis in; CP Invest & Van de Velde out

Elia Group Analyst Day Take-Aways

Morning Notes : DSFIR NA, ELI BB, EVS BB

TKH Group Model update, reducing 2H24 outlook

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