EVS hits almost 3-year high on $50 mln U.S. contract

Evs SA

22/08/2022 08:43

** Shares in EVS Broadcast Equipment  EVSB.BR  rise 2.2% to
23.20 euros, their highest level since September 2019, after the
video technology company signed its biggest contract to date
 urn:newsml:reuters.com:*:nFWN2ZV2RD
    ** The 10-year contract worth $50 million was signed with a
major U.S.-based broadcast and media production company, EVS
says, as big tech's interest in U.S. sports rights rises
    ** "Very nice contract and proves that big tech's move into
live sports has sparked a chain reaction in the broadcast
industry," KBC says
    ** EVS adds the deal is a "clear sign of confidence" from
one of its key North American customers in a strategic market
    ** KBC expects the group to give an update on its earlier FY
revenue guidance of 125-140 million euros in its H1 publication
scheduled for Thursday
    ** Including today's rise, the stock has gained around 12%
YTD

($1 = 0.9980 euros)

 (Reporting by Olivier Cherfan)
 ((olivier.cherfan@thomsonreuters.com))