EVS Q3 2023 business update

Publication on November 17, 2023 at 6:30 CET before market opening
Regulated / Inside information
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

EVS Q3 2023 business update

Liège, Belgium, November 17^th, 2023

Delivering strong 2023, whilst building the future

EVS continues its strong journey in 2023 and confirms it will realize its ambition for profitable and sustainable growth in the year. In the 4^th quarter, we will focus on the planned deliveries for 2023 and continue building the future, while also preparing for the major sport events in 2024. All order intake secured in the final months of the year will contribute to support our growth in 2024.

Highlights

• Revenue performance continues the strong momentum from the first quarters of the year supporting our growth ambition for 2023.
• The secured revenue* allows EVS to confirm that the high-end range of the existing revenue guidance (EUR 160 - 170 million) is within reach.
• Gross margin levels continue to improve and operational expenses are under control, demonstrating our objective to realize a profitable growth in 2023.
• In line with the evolution of the revenue guidance, EVS confirms that the EBIT guidance is shaping up towards the high-end of the existing range (EUR 32.5 - 38.5 million).

*secured revenue includes the already recognized revenue as well as open orders on hand that will be recognized as revenue in 2023

Comments

Serge Van Herck, CEO, comments:

“I am pleased to announce our third-quarter results and provide an update on EVS’ performance and outlook. As we enter the final quarter of the year, I am proud to report that we are well on track to deliver full-year revenue and profit results at the high end of our guidance. Our commitment to innovation and customer satisfaction remains at the forefront of our strategy, and we have seen strong affirmation of this at the recent IBC event in Amsterdam. The feedback we received from our customers on our solution offering and innovations, including Mediaception VIA MAP and our artificial intelligence-powered live video effects, such as XtraMotion, has been overwhelmingly positive.