Report
Guy Sips

EVS Broadcast Equipment Delivering on the promise and promises to deliver

As expected EVS is setting a new revenue record in FY23, delivering strong profitability, and generating a strong order book for the third consecutive year. Following the PlayForward strategic initiative in 2020, EVS has evolved into a comprehensive solution provider, now integrating these solutions into a cohesive ecosystem. We believe that the introduction in 2H23 of the content management platform VIA MAP can represent a significant step towards ensuring consistency across its solutions and facilitating seamless interactions between different customer segments.

As EVS is delivering on the promise and promises to deliver (FY24 revenue guidance in range € 180m to 195m) we maintain our Buy with a new € 37.5 Target Price (was € 35).
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.

Provider
KBC Securities
KBC Securities

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

 

Analysts
Guy Sips

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