EVS SA (OTCPK:EVSBY)

Half Year 2024 EVS Broadcast Equipment SA Earnings Call Transcript

Aug 14, 2024 / 08:00AM GMT

Release Date Price: $8

Transcript

Key Points

Positve

EVS Broadcast Equipment SA (EVSBY) reported a strong order intake of EUR 141 million, a 7% increase compared to the previous year.
Revenue reached a new high of EUR 98.1 million, marking a 12% growth from last year.
The company successfully delivered major summer events, showcasing its capabilities in live production.
EVS Broadcast Equipment SA (EVSBY) is expanding its AI capabilities, enhancing live motion production.
The company announced strategic acquisitions of MOG Technologies and a minority stake in TinkerList, aiming to strengthen its product offerings and market presence.

Negative

The EBIT margin declined slightly to 24.3% from 25% last year, despite strong revenue performance.
Economic and geopolitical risks, including inflation and potential impacts from upcoming North American elections, pose challenges.
The LSP market in the UK is experiencing tension, with two customers going bust recently.
APAC region saw a decline in revenue compared to last year due to specific deals not repeating.
The company faces ongoing challenges in managing inventory and electronic components, although the situation is stabilizing.

Operator

Good day, and thank you for standing by. Welcome to the EVS First Half 2024 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. I would not like to hand the conference over to your speaker today, Serge Van Herck, CEO, please go ahead.

Serge Van Herck

EVS Broadcast Equipment SA - Chief Executive Officer, Member of the Executive Committee

Thank you, and welcome to all of you here to review with us the results of our first half year of 2024. Together with me, we have Veerle De Wit, our CFO, and Benoit Quirynen, who is our SVP Strategy and Mergers and Acquisitions. And we look forward to share today with you our results of those first six months. But before I start with the agenda, I'll leave the floor to Veerle to talk about the disclaimer.

Veerle De Wit

EVS Broadcast Equipment SA - Chief Financial Officer

Okay, thank you, Serge. So yes, this presentation contains besides actual actuals, also some forward-looking statements with respect to the business, to

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