EVS: Prepared to emerge stronger in 2021 EVS BB
Even in a pandemic year -dramatically impacting the event & media industry-, EVS delivered profitability and prepared for the recovery. We updated our model after the strong order book of € 44.1m, giving EVS room for some positive but prudent outlook for 2021.We updated our model and as a result we increase our -DCF based- target price to € 23.0 and maintain our BUY rating as we think EVS is prepared to grow revenues and emerge stronger in FY21 thanks to a strong order book, strict cost management and synergies from the Axon acquisition.
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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