GlobeNewswire by notified

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 16th, 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.


  • 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


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.

At EVS, innovation remains at the core of everything we do. Our generative AI-enabled XtraMotion capability that is seamlessly integrated in our LiveCeption solution, continues to revolutionize the industry, transforming regular broadcast cameras into super slow-motion cameras. The integration of artificial intelligence-based search capabilities in our MediaCeption solution, coupled with the recent launch of VIA MAP during NAB in Las Vegas, underscores our commitment to advancing technological boundaries and delivering unparalleled value to our customers.

Furthermore, I am delighted to share that our environmental, social, and governance (ESG) efforts are gaining further recognition, with EVS now being included in the BEL ESG index. This recognition reflects our ongoing commitment to sustainability and responsible corporate citizenship.

However, amidst our optimism, we remain vigilant in the face of challenges. The geopolitical situation in Ukraine and Palestine continues to present uncertainties, particularly concerning component supply. We are closely monitoring developments and taking necessary precautions to mitigate any potential impact on our operations.”

Commenting on the results and the outlook, Veerle De Wit, CFO, said:

“Despite a limited production capacity, due to the preparation of the Big Events of 2024, EVS is again able to deliver a strong quarter in terms of revenue. At the same time, our pipeline is shaping up, stemming us positively on the full year potential. We continue to keep control over our spending patterns, with some planned investments in our team member base. These investments are primarily focused on accelerating our growth in North America. Next to that, we continue to invest in our digital transformation and our security framework.

Besides a strong income statement, we are also happy to see that our cash position is further strengthening. We were able to considerably reduce our aged receivables compared to end of 2023.

With the current revenue guidance in vigor, we issue an Earnings Before Interest & Taxes (EBIT) guidance of the year: based on the 1Q24 results and the market dynamics, we expect it to land between EUR 38.0 – 45.0 million. The higher end of the range clearly underlines our ambition to realize sustainable and profitable growth again in 2024.”

Market & customers

During the preceding quarter, EVS persistently advanced its growth drivers, notably focusing on LAB market pillar, the NALA region, MediaCeption, and Media Infrastructure solutions, alongside fortifying its indirect sales channels.

Supported by a robust order backlog, revenues from LAB customers and the NALA region exhibited year-over-year growth, bolstered by the global upsurge in revenue from MediaCeption and MediaInfra solutions.

EVS's channel partner ecosystem further gained in strength, evident at the NAB event in April. Amid commemorations of the company’s 30-year anniversary, our partners showcased EVS solutions to a diverse array of customers, extending beyond the established large clientele. The compelling narrative surrounding MediaInfra solutions led to fervent interest and engagement, occupying a significant portion of our booth’s demonstration space.

The spectrum of growth extends beyond these pivotal levers. The EMEA region experienced a notable surge in order intake, with customers expressing keen interest in VIA MAP, introduced at last year’s IBC in Europe and this year’s NAB in North America.

EVS remains committed to empowering LSP customers through the modernization of their OBVans, exemplified by initiatives such as Alkass's deployment of LiveCeption solution in Qatar and LMG's adoption of LiveIP Strada evolutive routing solution in the US to serve All-Elite-Wrestling, as announced at NAB.

While revenues from China have yet to reclaim pre-COVID levels, there are signs of a gradual resurgence in orders.

EVS maintains meticulous inventory management practices to ensure timely delivery of hardware-based products in accordance with commitments. Accelerated production efforts are underway to meet demand ahead of major upcoming events this summer. Furthermore, EVS remains vigilant in monitoring inflationary trends across global regions, progressively integrating adjustments into pricing and business models.


EVS remains dedicated to nurturing its "premium live ecosystem."

Enhancements to LiveCeption now incorporate more AI-based effects, augmenting the existing XtraMotion capabilities. Additionally, EVS is introducing a suite of image enhancements – for example cinematic effects – readily activatable by EVS operators from any broadcast camera with just a touch, eliminating the need for specialized cameras at the venue.

Furthermore, EVS offers diverse operational modes for the XT-VIA, coupled with innovative business models. Through flexible on-demand activation of extra features, EVS technology becomes more accessible and cost-effective for both LAB and LSP customers.

MediaInfra solutions have seen significant enhancements, including the widespread deployment of Neuron View – a low-latency multiviewer. This new application not only enhances the Neuron platform's versatility but also significantly reduces carbon footprint through server reuse. The Neuron platform itself demonstrates exceptional energy efficiency, outperforming pure software platforms by up to 8 times and rival solutions by up to twice in energy efficiency.

EVS continues to expand its solutions by integrating third-party components. Providius, a media network performance monitoring platform, now serves as a premium solution partner with Cerebrum, ensuring seamless operation of LiveIP networks. Cerebrum now supports an extended range of touch panels, offering customers a wider selection for efficient control over broadcast equipment and workflows.

In addition, MediaCeption solutions have been reinforced to seamlessly integrate with VizRT newsroom playout automation, enhancing the scope of innovations within the software production server.

Lastly, EVS remains steadfast in developing cybersecurity across its product portfolio. The NAB breakfast, co-hosted by EVS in collaboration with Arista and Providius, focused on cybersecurity and witnessed full attendance. This underscores the industry's growing interest in this domain and reaffirms EVS's commitment to its Environmental, Social, and Governance (ESG) objectives.

Corporate topics

2024 is an important year for EVS: we celebrate 30 years of broadcast innovation. Centered around the theme of “Family & Friends Together for Live”, EVS will engage with the global community in live production around these festivities.

In the first quarter of 2024 we renewed our EcoVadis rating: for a second consecutive year, our ESG strategy was awarded with a silver medal. This rating recognizes our reinforced commitment to sustainability and ranks EVS at the forefront of companies implementing ESG policies.

Another important event marking our sustainability agenda, is the fact that EVS entered the BEL ESG index in March. The BEL ESG index, published by Euronext, serves as a benchmark for investors and shareholders seeking companies that prioritize sustainability and responsible business practices.

Finally, on the social forefront of our ESG agenda, we have also renewed our Top Employer status (second year in a row).

In 2024 we will continue and progress on our ESG journey. We will renew our carbon footprint exercise with focus on quality and consistency of data points, we will start the roll out of the CSRD requirements for 2025 and we will continue to put focus on those actions that really matter.

From a security point of view, we will carefully monitor the evolution of the NIS2 requirements, and ensure that we remain at the forefront of this evolution.

From a tooling perspective, we want to continue build on our backbone that we have put in place over the last years. We focus on unlocking the full power of our ERP implementation but also develop new tooling to ensure optimal efficiency. This year we will implement a new Configure, Price & Quoting tool (CPQ) and we will focus our efforts to implement a fully operational On Demand Activation of our licenses.

As the macro-economic environment is still quite volatile, it is important that we continue to focus on the profitability of our solutions. We systematically monitor the pricing models and strategy, to cope with market realities and trends. This resulted in new list prices announced in March 2024.

In terms of team members, we expect a net increase in the number of team members during the year as we accelerate our growth in North America.


The 2024 secured revenue on March 31st reaches EUR 135.6 million. Based on this measure, we are reconfirming our revenue guidance for the full year from EUR 180-195 million.

The gross margin for the full year 2024 is expected to decline marginally as a result of a change in the solution mix. The gross margin by solution is expected to evolve positively, with any impact of rising costs of components being reflected in the price increases modelled. The most recent price increase was introduced in March 2024.

Operational expenses continue to be closely monitored and controlled. At the end of 2023 we have gradually grown our team member base again (after some months of stabilization). The investments are continuing in 2024 and are primarily focussing on reinforcing our teams in North America.

With the revenue guidance reconfirmed, we also introduce an EBIT guidance for the year to be in the range of EUR 38.0 – 45.0 million.


We reiterate the full year 2024 expected dividend distribution of EUR 1.10 per share, which remains subject to market conditions and to the approval of the Ordinary General Meeting of Shareholders.

Corporate Calendar

May 21th, 2024: General Assembly

August 13th, 2024: Q2 and H1 2024 results (post closing of the market)

November 14th, 2024: Q3 2024 Trading update (post closing of the market)

For more information, please contact:

Veerle De Wit, CFO*
EVS Broadcast Equipment S.A., Liege Science Park, 13 rue Bois Saint-Jean, B-4102 Seraing, Belgium
Tel: +32 4 361 70 04.;
* representing a SRL

Forward Looking Statements
This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. EVS undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

About us
We create return on emotion

EVS is globally recognized as the leading provider in live video technology for broadcast and new media productions. Spanning the entire production process, EVS solutions are trusted by production teams worldwide to deliver the most gripping live sports images, buzzing entertainment shows and breaking news to billions of viewers every day – and in real-time. As we continue to expand our footprint, our dedication to sustainable growth for both our business and the industry is clearly demonstrated through our ESG strategy. This commitment is not only reflected in our results, but also in our high ratings from different agencies.
Headquartered in Liège, Belgium, the company has a global presence with offices in Australia, Asia, the Middle East, Europe, North and Latin America, employing over 600 team members and ensuring sales, training and technical support to more than 100 countries.
EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. EVS is, amongst others, part of the Euronext Tech Leaders, Euronext BEL ESG and Euronext BEL Mid indices.
For more information, please visit


To view this piece of content from, please give your consent at the top of this page.
To view this piece of content from, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Udstedelse af RSU program18.5.2024 11:34:18 CEST | pressemeddelelse

I overensstemmelse med bemyndigelsen fra generalforsamlingen den 18. april 2024 har bestyrelsen i dag indført et incitamentsprogram for selskabets bestyrelse. Incitamentetprogrammet er designet og struktureret omkring konceptet med at fastholde medlemmer af bestyrelsen samtidig med at der skabes incitament til en positiv aktiekursudvikling og virksomhedens resultater til gavn for selskabets aktionærer. Incitamentsprogrammet inkluderer Restricted Share Units ("RSU'er"), som giver ret til at deltagerne tildeles et antal aktier svarende til antallet af optjente RSU'er mod betaling af udnyttelseskursen. Programmet er underlagt en række betingelser som deltagerne skal overholde og som betyder at selskabet maksimalt vil skulle udstede 2.025 aktier til kurs 1.056 DKK forudsat at alle betingelser overholdes samt at den enkelte vælger at udnytte sine RSUér. Den beregnede værdi af programmet til den samlede bestyrelse ved brug af Black & Scholes er opgjort til DKK 350.146. Vestingkursen er bereg

Constellation Brands Announces Updated Time of Presentation at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 202418.5.2024 01:05:50 CEST | Press release

VICTOR, N.Y., May 17, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announces an updated time that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a previously announced fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 in New York, NY. The presentation is scheduled to begin at 4:30 p.m. EDT and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future. A live, listen-only webcast of the presentation will be available on the company’s investor relations website at under the News&Events section. When the presentation begins, financial information discussed in the presentation, and a reconciliation of reported GAAP financial measures with comparable and other non- GAAP financial mea

DBV Technologies Announces Plan to Implement ADS Ratio Change17.5.2024 22:30:00 CEST | Press release

Châtillon, France, May 17, 2024 DBV Technologies Announces Plan to Implement ADS Ratio Change DBV Technologies (Euronext: DBV – ISIN: FR0010417345 – Nasdaq Stock Market: DBVT—CUSIP: 23306J101), a clinical-stage biopharmaceutical company focused on treatment options for food allergies and other immunologic conditions with significant unmet medical need, today announced plans to change the ratio of its American Depositary Shares (“ADSs”) to its ordinary shares (the “ADS Ratio”), nominal value €0.10 (ten cents) per share, from the current ADS Ratio of one (1) ADS to one-half (1/2) of one (1) ordinary share to a new ADS Ratio of one (1) ADS to one (1) ordinary share (the “ADS Ratio Change”). The Company anticipates that the ADS Ratio Change will be effective on or about June 3rd, 2024 (the “Effective Date”). For the Company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-two reverse ADS split and is intended to enable the Company to regain compliance with

Oculis updates share capital for its existing at-the-market offering program17.5.2024 22:30:00 CEST | Press release

ZUG, May 17, 2024 (GLOBE NEWSWIRE) -- Oculis Holding AG (Nasdaq: OCS; XICE: OCS) (“Oculis” or the “Company”), a global biopharmaceutical company, has issued registered ordinary shares of the Company, each with a nominal value of CHF 0.01, issued out of existing capital band (Kapitalband), for an aggregate of 1,000,000 ordinary shares of the Company (the "New Shares"), recorded as treasury shares. The number of registered shares issued by the Company as per its Articles of Association is 46,443,700, of which 41.7 million shares are outstanding. The New Shares were issued following the Company and Leerink Partners LLC (”Leerink Partners”) entering into a sales agreement (the "Sales Agreement") with respect to an at-the-market offering program on May 8, 2024 under which the Company may offer and sell, from time to time at its sole discretion, ordinary shares of the Company having an aggregate offering price of up to $100 million through Leerink Partners as its sales agent. The Company is

Metasphere Labs Unveils Decentralized Identity System at Consensus 2024 and Announces Carbon Aware Routing Protocol17.5.2024 22:05:00 CEST | Press release

VANCOUVER, British Columbia, May 17, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce its participation in Consensus 2024 alongside Bot Ventures Inc. (“Bot Ventures”), where they will unveil an early demonstration of their innovative decentralized identity and domain name system. This platform utilizes Bitcoin blockchain technology to enhance online security and trust through decentralized digital identity solutions. Parties interested in seeing a demonstration of the prototype can book a meeting at Metasphere's private suite by contacting Natasha Ingram at New Carbon Aware Routing Protocol Initiative In addition to the demonstration, the Company is excited to announce a pioneering initiative to develop a carbon aware routing protocol for computer networks and the Internet. This protocol will enable Internet Service Providers (ISPs) a

HiddenA line styled icon from Orion Icon Library.Eye