Video technology specialist EVS has a record order book. He increases his staff by 10% and raises his forecasts.
EVS, the video server specialist, does not experience the crisis. The Liège group published record results a few days ago. “The fundamentals are all solid, rejoices the group. A record level of order intake, historic turnover and solid operating profit”. “These results demonstrate that we are a company in growth mode,” adds CFO Veerle De Wit.
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EVS, the video server specialist, does not experience the crisis. The Liège group published record results a few days ago. “The fundamentals are all solid, rejoices the group. A record level of order intake, historic turnover and solid operating profit”. “These results demonstrate that we are a company in growth mode,” adds CFO Veerle De Wit. In the first half, EVS achieved a turnover of nearly 68 million euros (up 9% compared to the same period last year). The net result remains identical to that of the first six months of 2021, at 15.5 million euros. “High and global inflation is clearly having a negative impact on the cost of our materials and our labor costs, explains EVS boss Serge Van Herck. We have started to compensate for this impact by applying price increases. that we will have to continue to adjust these prices to rising inflation.” However, the most positive point concerns the order book. It also displays a historically high amount, at 88.7 million euros, and that without taking into consideration a major contract of more than 50 million dollars over 10 years with a major American producer and announced two weeks ago. “Our long-term orders increase by nearly 40% if we add this 10-year contract,” observes Serge Van Herck. “Overall, I continue to be cautiously optimistic about our future, continues the CEO. Although market economic conditions remain very difficult with high inflation, component shortages and the war in Ukraine, I the feeling that our customers increasingly appreciate the reliability, performance and innovative character of our products and services.” Proof of this confidence, EVS hired 70 people during this first half of the year, which represents a 10% increase in the total staff. “Based on these solid results, I am now more optimistic for this year as a whole, adds Serge Van Herck. We are now confident enough to increase our revenue forecast for 2022”. EVS is now counting on more than 140 million euros, against 125 million previously.
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