EVS Broadcast Equipment FIRST LOOK - Nice FY24 results & guiding for FY25 revenue € 195-210m
In 2024, EVS' PlayForward strategy continued to deliver results in line with its 2030 growth ambitions. EVS remains steadfast in its commitment to driving innovation within the broadcast industry. This resulted in FY24 EVS achieving a new revenue record for the fourth consecutive year. For FY25 we (and CSS) will have to increase our FY25 topline (KBCSe € 192.3m) as -based on the order book, the pipeline and current market dynamics- EVS is guiding for FY25 revenue to be in the range € 195-210m.We will update our model as we expect EVS will keep demonstrating its ability to achieve topline growth and strong profit performance. We welcome EVS also gave more insights in its developed end-to-end capital allocation framework with the goal to provide transparency on how free cash flow will be deployed. We feel very comfortable with our Buy rating.
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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