EVS Q1 2024 business update

Publication on May 16, 2024 at 18:30 CET after market close
Regulated / Inside information – Business update 1Q24
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

EVS Q1 2024 business update

Liège, Belgium, May 16^th, 2024

Building towards a strong 2024

EVS starts the year 2024 with a strong revenue result in the first quarter, despite the reserved production capacity dedicated to the Big Events of the year. At the same time the pipeline looks promising to ensure a strong 2024.

Highlights

• Revenue achievement for 1Q24 similar to the first quarter of 2023.
• Secured revenue* of 135.6Mio€ sustaining our revenue guidance of EUR 180-195 million.
• Operational expenses under control, with some investments in an increasing team member base to support our continuous growth ambitions.
• Based on the 1Q24 results, a full year EBIT guidance of EUR 38.0 – 45.0 million is announced.
• Net cash is restoring to EUR 56.1 million, with important progress made on clearing aged receivables.
  
  

*secured revenue includes the already recognized revenue as well as open orders on hand that will be recognized as revenue in 2024

Comments

Serge Van Herck, CEO comments:

“As we navigate through the first quarter, we are well-positioned to deliver a robust performance in 2024.

This year holds special significance for EVS as we celebrate our 30th anniversary. Over the past three decades, we have continuously pushed the boundaries of innovation in the broadcast industry, and we are excited to mark this milestone with our customers, channel partners and EVS operators around the world. Additionally, as we look ahead, we are proud to power the major Big Events with worldwide viewership taking place in Europe over the coming months, further showcasing the reliability and excellence of our various EVS solutions. Additionally, I am pleased to highlight the growing attention our Media Infrastructure solutions are receiving from customers worldwide. These solutions will also play a significant role in delivering the upcoming major Big Events to billions of viewers worldwide, further solidifying EVS as a trusted partner in delivering seamless and reliable live broadcast experiences.