EVS Reports 2023 Results, Strong Profitability and Order Intake Fueled by PlayForward Strategy
EVS reports record revenue and robust profitability for FY2023, driven by strong market traction and effective cost control strategies. Order intake increased significantly, fueled by the Live Audience Business (LAB) segment and the Media Infrastructure solution, which contributed to Big Event Rental revenues in 2024. The company secured several rental and support service contracts for major sporting events in 2024, reinforcing its position as a key player in the industry. EVS plans to increase its team to support further growth and pay out dividends in line with its dividend policy.
The company ended 2023 with a strong order book, fueled by order intake growth and robust profitability. The order book for 2024 is estimated at EUR 100.4 million, growing 16.9% compared to the beginning of 2023.
Serge Van Herck, CEO of EVS, commented on the results, stating that the company's strategic initiatives, such as its PlayForward strategy, are helping to confirm its profitable and sustainable growth mode. He highlighted the company's commitment to innovation and sustainability, as well as its recognition as a top employer in Belgium.
Veerle De Wit, CFO of EVS, noted that the company's revenue and order intake results demonstrate the success of its strategy. EVS plans to maintain its dividend policy and maintain a low debt level and solid cash position.
The company ended the year with a strong order book and is well-positioned to achieve continued growth in 2024.