EVS Broadcast Equipment announces stronger 2021 results

Source: OMX
EVS Broadcast Equipment announces stronger 2021 results

Publication on October 21, 2021, after market closing
Regulated information – Inside information – Press release
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)


Based on current projections, the EVS Board of Directors states that the 2021 full year revenue may be higher than the full year revenue guidance of EUR 115 million – EUR 125 million announced on August 24, 2021 within the framework of the first half 2021 results reporting.

Therefore, the EVS Board of Directors announces that the 2021 full year revenue guidance is being increased with EUR 5 million and is expected to land between EUR 120 million and EUR 130 million.

This revenue increase is based on an accelerated after-Covid catch-up and also on a continuous business recovery in all market pillars. Nevertheless, we remain very concerned about the worldwide shortages in the supply chain.

The 3Q21 trading update will be communicated on November 18, 2021, as per EVS corporate calendar.

For more information, please contact:

EVS Broadcast Equipment S.A., Liege Science Park, 13 rue du Bois Saint-Jean, B-4102 Seraing, Belgium
Tel: +32 4 361 70 00. E-mail:corpcom@evs.com; www.evs.com

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 EVS

EVS is globally recognized as the leader in live video technology for broadcast and new media productions. Our passion and purpose are to help our clients craft immersive stories that trigger the best return on emotion. Through a wide range of products and solutions, we deliver the most gripping live sports images, buzzing entertainment shows and breaking news content to billions of viewers every day – and in real-time.
The company is headquartered in Belgium with offices in Europe, the Middle East, Asia and North America, and provides sales and technical support to more than 100 countries. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371.
For more information, please visit www.evs.com.

* representing a BV