EVS Q3 2023 business update - Seite 2

Notably, our Net Promoter Score (NPS) continues to increase, as indicated by the recent survey conducted by Devoncroft, reflecting the growing satisfaction of our customers. This serves as a testament to the dedication of our team members, as demonstrated by our yearly team member engagement survey, which underscores their strong commitment to our company's mission and values.

We are equally delighted with our Environmental, Social, and Governance (ESG) progress, which was recently recognized with a Corporate Star Award at IBC in Amsterdam. Our ongoing efforts in this area reinforce our dedication to responsible business practices.

While we remain optimistic about our company's trajectory, we must exercise caution in the face of global uncertainties. The ongoing conflicts in Ukraine and Gaza have the potential to impact our Western economy, which could, in turn, influence our industry. Additionally, the prospect of increasing interest rates and slowing advertisement spending might slow down the investment pace of some of our customers.

We remain dedicated to delivering value to our customers and stakeholders and will continue to focus on innovation, customer satisfaction, and sustainable growth.”
Commenting on the results and the outlook, Veerle De Wit, CFO, said:

“We continue to see momentum in our revenue performance and thanks to a sound margin and cost management, this momentum results into a profitable growth for 2023.

Besides a strong income statement, we continue to benefit from a strong balance sheet. Our net cash position is at sound debt levels and our balance sheet metrics continue to improve compared to the year 2022.

Securing 2023 is a top priority for our production team, however, the preparations for the Big Events of 2024 are starting at the same time resulting in part of our production capacity being reserved to prepare these.

Based on the current metrics and the underlying market conditions, we are confident enough to confirm that the high-end range of our revenue guidance is within reach (EUR 170 million).

Consequently, our EBIT performance is shaping up towards the high-end of the range (current range being EUR 32.5 - 38.5 million). This performance would mark a tremendous year for EVS. ”

Market & customers

The main drivers of EVS in the “Premium Live Ecosystem” remain the same as in 2022 but with higher revenues, proving the success of the PlayForward strategy approach oriented towards solutions.