| Field | Detail |
|---|---|
| Current legal name | EVS SA (société anonyme / naamloze vennootschap) |
| Former name | EVS Broadcast Equipment SA (until June 2026) |
| Founding year | 1994 |
| Founders | Michel Counson, Pierre L'Hoest, Laurent Minguet |
| Incorporation jurisdiction | Belgium |
| Company number (BCE/KBO) | 0452.080.178 |
| Registered office / HQ | Rue Bois Saint-Jean 13, Liège Science Park, 4102 Seraing (Liège), Belgium |
| Primary listing | Euronext Brussels, ticker EVS (Reuters EVSB.BR, Bloomberg EVS BB) |
| Other trading lines | OTC ADR EVSBY (USD); Frankfurt 5E1; LSE international order book 0N9Z |
| ISIN | BE0003820371 |
| CUSIP | Not publicly disclosed (Belgian issuer; no US primary listing) |
| Index membership | Euronext Tech Leaders, Euronext BEL Mid (company boilerplate, 2026) |
| IPO | 1998, Brussels |
| Shares issued | 14,327,024 (denominator unchanged since at least 2020) |
| Treasury shares | 857,048 as of 22 May 2026 (latest buyback update retrieved); 922,093 at 31 Dec 2025 |
| Fiscal year end | 31 December |
| Auditor | PwC Bedrijfsrevisoren BV / PwC Reviseurs d'Entreprises SRL, represented by Mélanie Adorante (FY2025) |
| Employees (FTE, year-end) | FY2024: 705; FY2025: 792; mid-2026: "over 800 team members" (company boilerplate), 103 FTE added in 12 months to June 2026, of which 43 from T-Motion |
| Share price (close 16 Oct 2026) | EUR 19.48 (MarketScreener), -47.1% year-to-date |
| Market capitalisation (est.) | ~EUR 262M excluding treasury shares (13.47M shares × EUR 19.48); ~EUR 279M on full 14.33M issued shares |
| Website | https://evs.com |
The listed entity identified by ISIN BE0003820371 is the same company referenced in the request. On 8 June 2026, a postponed Extraordinary General Meeting approved changing the corporate name from "EVS Broadcast Equipment SA" to "EVS SA" (the first EGM convened on 19 May 2026 lacked quorum). Press releases from August 2026 onward use the heading "EVS S.A.: Euronext Brussels (EVS.BR)". The ticker, ISIN and listing venue are unchanged.
| Metric | FY2024 | FY2025 |
|---|---|---|
| FTE year-end | 705 | 792 |
The FY2025 increase of 87 FTE includes 37 FTE from the Telemetrics and XD Motion acquisitions (FY2025 results PR, Note 11). North America headcount roughly doubled from about 50 to more than 100 during 2025.
EVS is a Liège-based specialist in mission-critical live video production technology whose servers and replay systems sit inside the majority of premium outside-broadcast trucks and host-broadcaster compounds worldwide. Built on the LSM replay franchise and the XT server family, the company has spent the PLAYForward era (since late 2019) widening its footprint from replay into media infrastructure (Cerebrum/Neuron via Axon), live production asset management (MediaCeption/VIA MAP), AI-driven effects (XtraMotion), transcoding (MOG) and, since October 2025, camera robotics (T-Motion: Telemetrics and XD Motion). Revenue compounded at roughly 11% annually from FY2021 to FY2025, reaching a record EUR 208.1M with a 20.8% EBIT margin and a net-cash balance sheet. However, October 2026 brought a sharp guidance cut to EUR 190–205M on stalled order intake, exposing the company's dependence on lumpy broadcaster capex, Middle East exposure and back-end-loaded order conversion, and halving the share price year-to-date.
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### Company self-description
In its standard 2026 boilerplate, EVS describes itself as a globally recognised leading provider of live video technology for broadcast and new-media productions, with solutions spanning the entire production process and used to deliver live sports, entertainment and breaking news to billions of viewers in real time. Its tagline is "We create return on emotion." The company states that it employs over 800 team members, has offices in Australia, Asia, the Middle East, Europe and North and Latin America, and provides sales, training and technical support to more than 100 countries (H1 2026 results PR).
For IFRS 8 purposes, EVS reports a single operating segment. The FY2025 financial statements explain that operations are vertically integrated around the Belgian parent, where R&D, production, marketing and administration are concentrated. Foreign subsidiaries are mainly sales and support offices. The Executive Committee, acting as chief operating decision maker, allocates resources on a company-wide basis (FY2025 results PR, Note 3).
### Independent characterisation
EVS is best understood as a niche, high-margin capital-equipment and software vendor to the live-production value chain. Its economic engine has three layers:
1. **Installed-base hardware/software platforms.** XT-VIA servers and LSM-VIA controllers carry high switching costs because operators are trained on them and workflows are standardised around them. This creates a replacement and upgrade cycle, including trade-in programmes.
2. **Workflow software and infrastructure.** VIA MAP, Cerebrum, Neuron and Tactiq extend wallet share into control rooms, IP routing/processing and content management. These products are increasingly bought by "Live Audience Business" (LAB) customers such as broadcasters, stadiums, houses of worship and corporates, rather than only by rental and facility companies.
3. **Services and event rental.** SLAs, support, training, and Big Event Rental (BER) for host broadcasters of even-year mega-events (Olympics, FIFA World Cup, UEFA Euro) make up this layer.
### Revenue model mix
| Revenue by nature (EUR M) | FY2024 | FY2025 |
|---|---|---|
| Sale of equipment (hardware and software) | 169.7 | 174.6 |
| Other services | 28.3 | 33.6 |
| Total | 198.0 | 208.1 |
*Source: FY2025 results PR, Note 3.3.* Equipment (point-in-time recognition) accounted for 83.9% of FY2025 revenue and services (over-time recognition) for 16.1%. Services grew 18.7% versus 2.9% for equipment. Financial leasing contributed EUR 8.6M of FY2025 revenue (FY2024: EUR 9.6M).
The company does not disclose a separate subscription or licensing line. Software is bundled within "equipment". Recurring elements include SLAs, On-Demand Activation (ODA) licences sold via the EVS eShop, and cloud XtraMotion usage. In H1 2026, management stated that, excluding BER (EUR 11.3M) and T-Motion (EUR 5.9M), about 65% of revenue was recurring or re-occurring. Roughly 20% came from recurring SLA contracts and 45% from "repeat clients", defined as clients with at least EUR 50k of non-SLA revenue in each of the three preceding calendar years (H1 2026 PR).
### Value-chain position, customers and end-markets
| Pillar | Definition (paraphrased from company glossary) | Customer types |
|---|---|---|
| LAB (Live Audience Business) | Customers using EVS to create content for their own purposes | Broadcasters, stadiums, houses of worship, corporate media centres, sports organisations, government and institutions, universities and colleges |
| LSP (Live Service Providers) | Customers using EVS to serve LAB customers | Rental and facility companies, production companies, freelance operators, technology partners and system integrators buying for their own use |
| BER (Big Event Rental) | Revenue from major non-yearly big-event rental | Host broadcasters for major events |
EVS sits upstream of distribution, in acquisition, production, replay, content management and infrastructure control. Customer pillars, as defined by the company:
End-markets are live sports (core), news (a growing 24/7 use case), entertainment, corporate and enterprise AV (entered via ISE 2026), legislative and education (via Telemetrics), and, as an emerging vector, security and defence (via the newly created Live Vision Systems).
No customer exceeded 10% of revenue in FY2025 or FY2024 (Note 3.4).