EVS: The future belongs to those who prepare for it today EVS BB
Today we publish a Company Note on EVS titled “The future belongs to those who prepare for it today” highlighting that EVS’ PLAY Forward strategy -that they defined early 2020- is generating the expected growth in both EVS’ customer segments: Live Audience Business (LAB) and Live Service Providers (LSP). We also welcome that the acquisition of Axon is bearing its fruits. We think EVS will continue to transform live video flows into rich and emotional content focusing on innovation in a changing broadcast industry. The shortage situation EVS observes on the electronic component market continues to generate concern as it may have a negative effect on its capability to deliver new customer orders on time. As a result, we are a little more prudent than before for FY22. Nevertheless, we maintain our DCF-based € 27.5 Target Price and BUY rating. EVS is also reiterated today as part of ‘KBC Securities Dynamic Top Pick List’.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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