KBC Securities - EVS Broadcast Equipment SA (EVS) EVS Broadcast Equipment The pipeline looks promising to ensure a strong FY24

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KBC Securities

Guy Sips

EVS Broadcast Equipment The pipeline looks promising to ensure a strong FY24

EVS started FY24 with a strong 1Q24, despite the reserved production capacity dedicated to this years Big Events (Olympics, EK). We welcome EVS indicated that at the same time the pipeline looks promising to ensure a strong FY24. EVS reiterated its revenue guidance of €180m to € 195m (KBCSe € 189.2m) and now expects FY24 EBIT to land between € 38.0m and € 45.0m (KBCSe € 43.6m).

We maintain our Buy but increased our Target Price from € 37.5 to € 39, in line with our updated DCF.

17/05/2024 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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Morning Notes : DSFIR NA, NEXTA BB, WKL NA

: DSFIR NA, NEXTA BB, WKL NA

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EVS Broadcast Equipment The pipeline looks promising to ensure a strong FY24

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

EVS Communicates the Results of the Extraordinary General Meeting of June 10, 2024

Dynamic Top Pick List Update June 2024: Replacing ‘Gimv' and ‘TKH Group' by ‘Alfen' and ‘argenx'

EVS invites Its shareholders to an Extraordinary General Meeting on June 10, 2024

Morning Notes : DSFIR NA, NEXTA BB, WKL NA

Nextensa Buy now and get the development activity for free

DSM-Firmenich Steady as she goes

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