EVS Broadcast Equipment Delivering results and outlook in line with its 2030 growth ambitions
We updated our model after EVS's PlayForward strategy continued to deliver FY24 results in line with its 2030 growth ambitions. EVS remains steadfast in its commitment to driving innovation within the broadcast industry, resulting in a new revenue record for the fourth consecutive year. For FY25, we increased our FY25 topline (from €192.3m to €201m) as, based on the order book, the pipeline, and current market dynamics, EVS is guiding for FY25 revenue to be in the range of €195-210m.We expect EVS will continue to demonstrate its ability to achieve topline growth and strong profit performance. We welcome the additional insights EVS provided into its developed end-to-end capital allocation framework, aimed at providing transparency on how Free Cash Flow will be deployed. We feel very comfortable with our Buy rating and have increased our DCF-based TP to €46 (previously €40.5).
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 a financial services provider for several types of professional clients, each with distinct needs.
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