Refile: BUZZ-EVS slides as changes in the group's business model weighs on H1 results

Evs SA

20/08/2025 08:54

Removes unnecessary word in headline, no changes to text

        ** Shares in Belgium's EVS Broadcast Equipment EVSB.BR fall 10.8% after the company reported H1 results negatively impacted by changes in the group's business model in response to U.S. tariffs

** EVS reported sales down 6.5% to €91.8 million ($106.89 million), with EBIT down 38% at €14.8 million

** "The decline in sales is due to the introduction of a new delivery model in the US at the beginning of June to adapt the Group's operations to the new customs framework. This change in

model led to delays in the delivery and accounting of certain business," Midcap analysts said in a note

** However, the situation in the U.S. normalized rapidly and did not impact full-year targets which were maintained, the broker adds

** Stock on track for its worst day since March 16 2020, bringing year-to-date gains down to 9.9% from 23.1% at yesterday's close

($1 = 0.8588 euros)

 (Reporting by Alban Kacher)

 ((Alban.kacher@thomsonreuters.com))