EVS Broadcast: cost reduction drives shares

Evs SA

15/11/2018 08:31

** Shares in EVS Broadcast  EVSB.BR  +12.9%
    ** Co reports reduction in costs in Q3
    ** Oct-end order book of EUR 34.7 mln with additional EUR
10.6 mln orders to be invoiced in 2019 and beyond  urn:newsml:reuters.com:*:nFWN1XQ00C
    ** "After a very weak 1H18, 3Q18 saw a decrease in the costs
and positive was that EVS highlighted the win of important
commercial deals for the core products and the new products,"
KBC says
    ** Brokerage adds order book suggests good finish of the
year
    * ING says would expect slight positive upwards revision of
consensus EPS on slightly higher sales, lower OPEX, lower tax,
offset by lower gross margin
    ** "Stock has been very weak into the results and we believe
the market feared a cut in the guidance," brokerage says 
    ** EVS confirms FY guidance
    ** Stock records second biggest one-day gain in 3 yrs;
second best performer on Euronext Next 150  .N150 
    

 (piotr.lipinski@tr.com)