EVS Broadcast's sales guidance upgrade lifts shares

Evs SA

22/10/2021 09:08

** Shares in video technology group EVS Broadcast Equipment
 EVSB.BR  rise as much as 3.4% after raising its 2021 revenue
guidance, helped by an acceleration in its recovery from the
impact of COVID-19 
    ** The Belgian company now expects its 2021 revenue to be
EUR 120-130 mln ($139.68-151.35 mln)  urn:newsml:reuters.com:*:nL8N2RH71A
    ** ING says the new guidance implies a 2% upside to
Bloomberg consensus
    ** The broker however adds supply chain shortages didn't
have an impact on sales and deliveries to clients so far but
could potentially impact Q4 and 2022
    ** The stock is up over 19% year-to-date and is on track for
its best day in nearly two months
    
($1 = 0.8590 euros)

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))