EVS down as uncertainty weighs on orders

Evs SA

19/05/2025 08:46

** Shares in the Belgian EVS Broadcast Equipment EVSB.BR fell as much as 9.9% after releasing Q1 results that missed analyst expectations

** KBC Securities says the co's quarter was weighed down by the deferral of certain customer deliveries from March to April amidst macro-economic tensions and tariff discussions

** The broker also notes that a weakening dollar might impact revenue guidance in the future, but nonetheless remains optimistic as "from a cost point of view EVS is progressing on all of its strategic investments"

** Analysts at ING say the hit is to be expected, given the weak start to the year after a "very strong" performance of 25% YTD, but also remain reassured for the long term story

** At 0723 GMT, shares in EVS are down 6.6%

 (Reporting by Jakob Van Calster)

 ((Jakob.vancalster@thomsonreuters.com))