EVS Broadcast Equipment (EVS) Q4 2025 earnings summary

Executive summary

• Achieved fifth consecutive year of record revenue, reaching €208.1 million, up 5.1% year-over-year, with strong growth in North America and successful execution of the PLAYForward strategy and integration of Telemetrics and XD Motion acquisitions forming the T-Motion division.

• Order intake grew 7.8% to €225 million, fueling an 11.3% increase in the order book to €182 million, with €100.6 million secured for 2026.

• EBIT was €43.3 million (20.8% margin), a 3.7% decline, but would have grown 2.4% at constant currency; net profit was €38.6 million (18.5% margin), down 10% due to one-off items.

• EPS reached €2.73 per share, supporting a proposed dividend of €1.20 per share and a total shareholder return since 2020 of 159%.

• Named Top Employer for the fourth consecutive year, with high employee engagement and ESG focus.

Financial highlights

• Revenue grew 5.1% year-over-year (6.9% at constant currency); normalized growth excluding 2024 big event rental was 14.2%.

• EBIT margin was 20.8%; net profit margin was 18.5%; fully diluted EPS was €2.73.

• Net cash position at year-end was €58.4 million, down due to planned investments, dividend payments, acquisitions, and share buybacks.

• Gross margin declined 1.5 points to 70.8%, impacted by US tariffs, acquisitions, and currency effects.

• Operating expenses grew 6%, mainly from North America expansion and R&D investments.

Outlook and guidance

• 2026 revenue guidance set at €220–240 million, supported by a strong order book and commercial pipeline (+26% YoY).

• Dividend policy for 2025–2027 set at €1.20 per share, subject to market conditions and shareholder approval.

• Continued focus on North America, cross-solution ecosystem, and big event rentals for 2026, with ongoing investments in team expansion and R&D.

• Gross margins expected to be maintained organically; T-Motion to erode margin by 1.0–1.5 points.

• Commercial pipeline grew 26% year-over-year, supporting confidence in continued growth.