As we reflect on 2024, a year that marked the 30th anniversary of EVS, we find ourselves celebrating a remarkable journey of innovation, growth, and resilience. This significant milestone serves not only as a testament to our rich legacy but also as a beacon guiding us toward a future filled with promise and potential.
Our 30-year anniversary has provided us with a unique opportunity to reflect on our journey—from humble beginnings to becoming a global leader in live video technology. This celebration extends beyond mere nostalgia; it galvanizes us to honor our past while propelling us forward with renewed energy and vision. The commemorative events we held with customers, channel partners, and EVS operators around the world have reinforced our commitment to fostering deep and meaningful relationships.
I am pleased to report that 2024 was another outstanding year for EVS, where we reached record revenues nearing €200 million, bolstered by robust profitability. Our success in 2024 can be attributed to the unwavering focus and dedication of our teams, the implementation of our PLAYForward strategy, and the strategic initiatives we undertook. Thanks to our PLAYForward strategy, we have been able to nearly double our revenues since 2019, and our worldwide team grew from about 450 Team Members to nearly 700 by the end of 2024. The acquisition of MOG Technologies has expanded our technological capabilities, while our support in the capital increase in TinkerList underscores our commitment to nurturing innovation within the industry. The successful launch of our MediaCeption® VIA MAP solution, now used by several important customers, has significantly increased our commercial pipeline (clearly a good sign for the future). We are proud to say that Al Jazeera has selected our media asset platform VIA MAP for implementation in 2025. Additionally, we won our largest media infrastructure project with a sizeable US-based bank that produces high-quality live video content for its branches and customers.
The summer sports events in Paris provided a phenomenal platform to showcase our cutting-edge technologies, delivering extraordinary experiences to billions of viewers worldwide. These events not only highlighted our technological prowess but also reinforced our role in the global sports broadcast ecosystem.
ESG has become intrinsic to every part of our business, extending beyond carbon footprint reduction to encompass the well-being of our team members, their attraction and retention, our customer experience, cybersecurity, our local social engagement and much more. We have received several awards and obtained strong results in sustainability ratings. Looking ahead, we remain dedicated to elevating our commitment to ESG across our organization, with the active engagement of each team member central to our strategy. Rather than delegating to a dedicated department, we have an ESG core team made up of talented individuals from every department. They are focused on some very clear targets we have set ourselves for 2030, aligning with our commitment to pave the way for a future that is sustainable and beneficial for generations to come.
Innovation remains at the heart of EVS, driving us to stay ahead in a rapidly changing digital landscape. This year, we introduced several groundbreaking solutions, ensuring that reliability and quality remain paramount. Our advances with AI are particularly noteworthy. AI is not simply about doing more with less, it’s about doing more with imagination. By amplifying creativity, increasing accessibility, and enhancing operational efficiency, these technologies are shaping the next era of live video production and broadcasting. Our XtraMotion technology and the various visual effects we provide in a live environment have empowered our customers and EVS operators to deliver immersive and engaging content. Our efforts have been rewarded with a continued rise in our Net Promoter Score (NPS) for the third consecutive year, solidifying our leadership in the industry.
The technological complexity of our industry is progressing further, and our broadcast and media companies are increasingly looking for partners who can help them handle that complexity, so they can focus on their core business—creating valuable content for their audiences and viewers. EVS is uniquely positioned to be that trusted partner, offering comprehensive solutions that simplify operations while enhancing content quality and delivery.
At EVS we are deeply committed to balancing growth with environmental and social responsibility. In 2024 we launched several initiatives aimed at reducing our carbon footprint and enhancing our community engagement. Not only are we focused on our sustainability, but we are also working to reduce the carbon footprint of our customers through innovative solutions and practices. Our dedication to ESG principles is evident in every facet of our operations, reflecting our commitment to a sustainable future.
Our support services are being recognized as the gold standard in the live video production industry. This recognition underscores our relentless commitment to providing exceptional service and ensuring the success of our customers. Our support team plays a crucial role in our ability to deliver reliable and high-quality solutions, further cementing our position as a trusted partner in the industry.
As we look forward to 2025, our priorities include continuing our trajectory of profitable growth, driven by innovation and strategic partnerships. We see significant opportunities on the horizon, particularly in expanding our technological offerings and enhancing our customer relationships. Our channel partners and customers have been instrumental in our success, and their evolving needs will continue to guide our strategic direction. We will continue our growth both organically, and through further complementary acquisitions. EVS is being recognized as a premium brand, and we cherish this recognition as we strive to deliver unparalleled value and quality to our stakeholders.
In conclusion, our 30th anniversary is a celebration of our past achievements and a springboard into a future defined by continuous growth and innovation. We are excited to build on the strong foundations laid in 2024, looking forward to another year of creating extraordinary experiences for our customers and viewers around the world.
Dear Shareholders,
As the Chairman of EVS, I am honored to present our 2024 Annual Report, a comprehensive reflection of a year marked by growth, innovation, and purpose. The past year has demonstrated EVS’ resilience, adaptability, and leadership in shaping the future of the media technology industry.
In 2024 we further strengthened our commitment to sustainable development and excellence across all areas of our business. Our continued emphasis on innovation has allowed us to navigate an evolving market while staying true to our core values. A highlight of the year has been the acquisition of MOG Technologies, strengthening our solutions portfolio and our ESG initiatives, solidifying EVS’ role as a leader in environmental, social, and governance practices.
Looking ahead, EVS remains well-positioned for sustainable growth. Our focus on long-term value creation, supported by robust financial health, and a forward-thinking strategy, ensures that we continue to meet the needs of our customers, Channel Partners and stakeholders in a rapidly changing world.
I extend my deepest gratitude to our talented Team Members, dedicated partners, and, of course, you, our shareholders, for your unwavering support throughout this journey.
Together, we will continue to build a future filled with opportunity and shared success.
Sincerely,
Johan Deschuyffeleer Chairman of the Board, EVS
Mexico, MX NALA
Burbank, LA, West Coast US NALA
Fairfield, US East Coast NALA
Madrid, ES EMEA
DEVELOPMENT CENTERSLiège, BEBrussels, BEToulouse, FRWokingham, UKParis, FRGilze, NL Porto, PT
Munich, DE EMEA
Brescia, IT EMEA
Wokingham, UK EMEA
Dubai, UAE EMEA
Beijing, CH APAC
Hong Kong APAC
Singapore APAC
Sydney, AU APAC
The broadcast and media technology company EVS was founded in 1994. Headquartered in Liège, Belgium, the company has a global presence with over 700 Team Members working in 15+ offices around the world. In its early years EVS was known for its pioneering work in tapeless television technology, including the launch of the Live Slow-Motion (LSM) system, which rapidly became the standard replay technology for all broadcast sporting events worldwide.
As a globally recognized leader in live video technology for broadcast and media productions, our passion and purpose are to help our customers and EVS operators craft compelling stories that elicit the highest emotional response. We strive to deliver the best possible solutions for them through our cutting-edge technologies and customer-focused teams, thereby ensuring that they can create engaging and impactful content. We take pride in our industry-leading position and remain committed to driving innovation and excellence in all that we do.
Our technology is used by customers worldwide to deliver live sports images, entertainment shows and breaking news content to billions of viewers in real time. Through our innovative solutions we enable our customers to engage and captivate their audiences with high-quality and impactful content. We are proud to play a key role in bringing some of the most exciting and engaging moments in sports, entertainment, and news to audiences all over the world.
EVS has become a key player in the live production industry, offering reliable and innovative technologies and providing first-class support to customers located worldwide. Our focus on customer success has allowed us to remain at the forefront of the industry, and we are committed to helping our clients grow as the industry evolves. To deliver on this promise we have continued to invest in the latest technologies, including our pioneering work in IP, artificial intelligence, multiple video resolutions and Cloud-based implementation. Through these efforts we have remained ahead of the curve and have empowered our customers with smart, reliable and scalable solutions that enable them to produce the best live stories, today and in the future.
EVS continues its journey towards achieving its ambitious BHAG (Big Hairy Audacious Goal) through its PLAYForward strategy, outlined in 2019.
EVS pursues the following strategic priorities to reach the BHAG:
Consolidate its position in LiveCeption®, where EVS is already a clear leader.
Expand its footprint in MediaCeption® and MediaInfra®, leveraging partnerships with diverse channel partners and attracting new kinds of Live Audience Business customers (e.g. large US corporate customers).
Evidence: MOG Technologies acquisition and TinkerList investment will strengthen the EVS position for the MediaCeption® market.
Achieve fair market share across all solutions by intensifying sales efforts and support in the region.
Evidence: The EVS team in US has more than doubled in 3 years. EVS has hired key Team Members in the region to ensure and support its scalability.
Align products and solutions to create a cohesive ecosystem - offering that meets diverse customer needs.
Evidence: The 3 solutions (LiveCeption®, MediaCeption® and MediaInfra®) have been deployed as an ecosystem to support major summer events.
EVS’ strategy is supported by the following levers:
Drive synergy between solutions to unlock value for customers.
Innovate by integrating software, AI, and EVS’ unique technology assets.
Evidence: The ratio of customers having 2 or 3 EVS solutions from different families is continuously increasing.
Leverage scalable partnerships to extend market reach.
Evidence: Success of the channel partner program enabling EVS to discover new types of customers.
Focus on carbon footprint reduction, clean electricity, sustainable manufacturing, packaging and efficient global operations.
Evidence: Neuron View as a HW multiviewer, saving up to 90% of energy in comparison to a SW based multiviewer.
Unleash creativity and enhance efficiency in professional live media production thanks to broadcast-specific near real-time GenAI models.
Evidence: Multiple new effects and workflow enhancements developed in 2024 in addition to XtraMotion.
Continue to explore opportunities that strengthen the portfolio and drive growth.
Evidence: Success of Axon acquisition to address the market of Media Infrastructure. Two new M&A transactions in 2024 to support the growth of the MediaCeption® addressable market.
This focused approach ensures that EVS remains on track to achieve its vision for 2030, delivering exceptional value to its customers while setting the standard for live video production solutions.
As the media industry landscape evolves, EVS has played a pivotal role in facilitating transformation and enabling the creation of exceptional content for our clients in 2024.
The key emerging trends in 2024 include a projected surge in demand for live events and personalized content, as well as the growing imperative for sustainable and adaptable business models to achieve broader efficiencies. As our customers consolidate and redefine their operations, opportunities in automation, cloud, AI, software implementation on COTS (commercial off-the-shelf) servers, and the SDI to IP transition are all reshaping how media companies optimize productivity and scalability. Simultaneously, content creators are not only seeking operational efficiency but also creative differentiation in their content formats and editorial approaches, thereby enhancing the storytelling experience and captivating diverse audiences across various platforms.
The following key trends were observed in 2024:
In general, the number of live sports events increased in 2024, driven by the emergence of new over-the-top (OTT) services and fast-access streaming channels designed to cover these events. The primary goal is to increase viewer engagement and replicate the successful advertising model that has thrived in the linear broadcast landscape for years. In addition, the live broadcast market is becoming increasingly diverse, with lower tier events growing faster in volume than premium events, requiring more efficient and standardized production models. While premium sporting competitions still command a significant share of global budgets, 2024 was a key year for major international events. Both UHD and 1080p (Full HD) in HDR have been widely used in these competitions, and the rush to move to UHD has been rationalized by the investment associated with its production.
Consolidation among Live Audience Businesses (LABs) and Live Service Providers (LSPs) continues to make headlines in the media and entertainment industry, with the primary goal of increasing profitability through smart investments, including automation technologies - in expectation of supporting cost reduction initiatives that include alternative business models as well. In general, we observed a demand for flexibility, moving from traditional pure Capex investments to more adaptable Opex and Capex formulas, including services.
The traditional broadcast model relied on fixed infrastructure for large events, but cloud computing has introduced scalable setups tailored to average needs with flexibility for peak demands. However, unpredictable costs have led many to adopt hybrid models, combining private clouds and data centers to balance cost and performance.
As workflows span on-prem and cloud environments, cybersecurity has become essential to protect sensitive content and systems. EVS addresses these challenges with a wide diversity of measures and global compliance, ensuring robust product security.
EVS’ balanced computing approach integrates reliable on-premises hardware with adaptable software licensing, enabling customers to meet average needs while scaling for peak usage. This model optimizes costs while delivering a secure, scalable, and future-proof solution for live production workflows with predictability.
Technology in media and entertainment used to be simple. Broadcasters had specific needs, and technology was developed and deployed to meet those needs. This was the story behind the introduction of SDI and, later, High Definition. Today, customers are faced with a number of new technologies that are growing rapidly and that come from other industries: Cloud, IP, Generative AI, Cybersecurity, 5G are all emerging in the live production space. Additionally, there is a growing need for manufacturers to integrate these technologies in a meaningful way so that broadcasters can meet the challenges they face, especially in the context of the growing number of events to cover and the role of automation in driving efficiencies in the production of those events. Also, it is important to consider the change management process to facilitate the adoption of these technologies as they may impact the way broadcasting is done by creating new or changing roles for production staff.
The broadcast value chain is changing due to customer demand for greater efficiency. Traditionally, equipment manufacturers sold hardware and software to their end customers, typically relied on insourced or outsourced integration capabilities, and triggered complex and expensive projects. Today the shift from this traditional model to providing platforms or pre-integrated ecosystems and convergent platforms allows EVS to expand its scope to meet this need for greater efficiency. This also provides additional revenue streams with more professional services and service-level agreements around these ecosystems.
Sustainability has become an important purchasing criterion, especially for public broadcasters in Europe, but not only here. Large tenders and requests for proposals increasingly include criteria related to sustainability and ethical sourcing practices to qualify as suppliers. At EVS we provide full transparency of our ESG strategy, and we take concrete initiatives to reduce the carbon footprint of our products. In addition, ESG is emerging as a powerful driver of internal efficiency, increasing demand for technologies that not only reduce the carbon footprint but also lower operating costs, creating a win-win scenario for both the environment and business profitability.
In 2024, EVS continued to lead the way in enabling the media industry to navigate a changing market landscape. The trends highlighted underscore the dynamic shifts shaping the market, from the growing demand for live events and personalized content to the adoption of sustainable business models. As customers prioritize profitability and rethink their operations, innovations in automation, balancing computing and AI have become critical to driving sustainability and scalability, and represent a new area of opportunity.
At the same time, content owners and producers are seeking both efficiency and creative differentiation, taking storytelling to new heights and experimenting with new formats to engage diverse audiences across platforms. EVS remains committed to leveraging its expertise to deliver solutions that truly help our customers achieve their goals and set the standard for creativity, efficiency, and excellence in sustainable live media production.
In 2024, EVS completed two strategic M&A transactions: the acquisition of MOG Technologies in Portugal, now fully integrated, and a minority investment in TinkerList in Belgium. These transactions align with EVS’ strategy to strengthen its portfolio, expand its market reach, and reinforce its commitment to driving innovation in media technology.
On August 2, during the Olympic Games in Paris, EVS announced its acquisition of MOG Technologies, a Porto-based company specializing in video and media workflows. The transaction closed on October 1, 2024.
Founded in 2002, MOG Technologies is recognized for its role in standardizing the MXF format and developing software modules that enhance file-based workflows. The company employs approximately 50 talented professionals with expertise in software development, cloud solutions, and broadcast/OTT workflows.
Through this acquisition, EVS aims to:
Also on August 2, EVS announced a minority investment in TinkerList, a Belgium-based SaaS company known for its innovative production tools.
Founded in 2014 and headquartered in Leuven, TinkerList developed a web-based rundown editor and automation tool designed to enhance the productivity of production crews. With a strong emphasis on user experience, its tools address the growing demand for cost-efficient content production automation.
Key developments include:
EVS plans to:
In 2024, we continued to work towards executing our sustainability strategy by refining governance processes, collecting data to inform our decisions, and progressing with the implementation of our action plans. Our Sustainability Strategy is informed by our Double Materiality Assessment, which allows us to map our company’s dependencies and impact on sustainability matters, thereby defining our priorities.
Assessment Sustainability matters are grouped under pillars, which are themselves categorized into four broad areas. Each pillar is associated with an ambitious 2030 target, sponsored by a member of the Leadership Team, ensuring accountability and support from top management.
Our key highlights for 2024, and ambitions, are outlined in this report. For more information, please refer to the sustainability report.
50% reduction in carbon footprint of our products per € sold (baseline 2021) - aligned with SBTi (unit: tCO2e/M€ revenue)
55% reduction in carbon footprint of our company per € sold (baseline 2021) - aligned with SBTi (unit: tCO2e/M€ revenue)
Be in the top 50% of Top Employers in Belgium
Maintain a team member NPS of 30 or above
Achieve an NPS Devoncroft Score of 30 or above (in the “great” range) and be in the top 25% of our industry
80% of Charity Days used
Maturity Level 2 of the CyberFundamentals Framework
100% of our direct (High Risk & Medium Risk) suppliers rated by EcoVadis
50% of our direct (High Risk & Medium Risk) suppliers reach at least a bronze medal in EcoVadis
100% of team members trained on Code of Conduct
100% of our direct (high and medium risk) suppliers accept and respect our Code of Conduct (or equivalent)
At EVS several administrative bodies play an important role in the development, rollout, and implementation of the ESG strategy. We have therefore created a governance structure that embeds sustainability throughout our entire organization.
The Board of Directors defines the ESG strategy, the Leadership Team is responsible for its implementation, and the ESG Core Team ensures its day-to-day management.
Given the wide-ranging nature of sustainability, Team Members from various departments within EVS (HR, Finance, Business Application, Customer Success, Engineering, Legal, Marketing, etc.) are part of the ESG team.
At the beginning of the year, we introduced ESG Ambassadors for major offices. These Ambassadors are responsible for spreading ESG culture locally and defining local priorities.
Overall, over 40 Team Members are working on implementing EVS’ sustainability strategy, each bringing different expertise and interests, but united by a common commitment to foster a better future.
We frequently receive ratings on sustainability matters, which we analyze to ensure that we are on the right track.
As a technology company in the broadcast and live production sector, we recognize the environmental impact of our operations. It is our responsibility to measure and reduce this impact as much as possible. We are committed to achieving the Science-Based Targets initiative (SBTi) goals for reducing CO2 emissions.
Building on our 2024 results, we aim to obtain approval for our targets from SBTi in 2025 - aligning with global efforts to limit temperature rise to well below 2°C and below 1.5°C, if possible. We aim to meet our targets and contribute to a more sustainable future by implementing innovative strategies and fostering collaboration across our operations.
We have defined the following targets based on our 2024 data :
50% reduction of our product carbon footprint (baseline 2021 – Unit tCO2e/ M€ revenue)
55% reduction of our company carbon footprint (baseline 2021 – Unit tCO2e/ M€ revenue)
EVS’ 2024 Carbon Footprint amounts to 61,659 tCO2e, which represents a slight increase compared to 2021. This expected rise is primarily due to 3 factors:
These results are the outcome of a structured approach, and efforts implemented in 2023, then reinforced in 2024, with our dedicated task-force team.
One of the cornerstones of our carbon reduction strategy is the implementation of power-saving tools for our customers. The electricity consumed by our products in our customers’ facilities represents by far the biggest impact of the company on climate change.
We recognize that there is significant potential to improve the energy consumption of our products when they are idle, particularly during nighttime. Currently, customers are not accustomed to turning off their equipment when it is not in use. This reluctance is due to several reasons e.g. customers do not want to spend time turning equipment on and off, as it requires manual configuration steps to ensure everything functions correctly.
To address this, we are developing tools to make it easier for customers to shut down and turn on their equipment. This development began this year with a subsidy from the Pôle MecaTech of the Walloon Region. We have built a Proof of Concept that will soon be tested in customers’ facilities. The goal is to highlight the energy savings this tool would enable—estimated at 40% of the system’s total power consumption—in terms of both CO2 reduction and cost savings.
The business world is changing, and employees’ expectations are evolving with it. Companies must attract and retain the best talent and boost performance while ensuring they have the talented people needed to attain their business goals. By 2030, we aim to achieve two primary objectives:
Attain a position within the Top 50% of Belgium’s Top Employers.
Achieve a team member NPS (Net Promoter Score) of 30 or higher, referred to as tmNPS (Team Members Net Promoter Score).
These dual objectives signify our commitment to both outward and inward perspectives. Being recognized among the top employers ensures our dedication to enhancing HR policies through global benchmarking of best practices.
All experts agree that there is a strong connection between the level of engagement within a company and business results. Therefore, it is important to measure the commitment level of our Team Members.
Over the last six years our Team Members worldwide have been invited to participate annually in our engagement survey. In 2024 the results showed a lower participation rate but still very high representativity, and the level of engagement remains high.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Participation rate in the engagement survey | 87% | 91% | 80% | 88% | 84% | 85% |
| Level of engagement | 92% | 91% | 91% | 89% | 87% | 67% |
Overall, we are proud of these results as they clearly show that EVS is a great place to work, and that it deserves the certification of Top Employer received at the beginning of 2024.
In 2023 we implemented a Net Promoter Score (NPS) survey to assess Team Members’ satisfaction and loyalty. The survey asks a straightforward question: “How likely are you to recommend working at EVS to a friend or an acquaintance?”
Overall, the results are very encouraging with an average score of 52, well over the benchmark of 30. With this regular survey we have an overview of the whole year, and we now have a better understanding of the seasonal effect. We will continue with this tmNPS survey in the coming year to complement our engagement survey.
At EVS we are committed to providing our Team Members with opportunities for development. We offer a wide range of learning and development opportunities, including live training, online training, reading material, language classes, and internal and external development programs. We believe that investing in the continuous development of our Team Members is investing in the success of our company.
What leaders have in common is that each really knows their strengths, has developed their strengths, and can call on the right strength at the right time.” – Donald O. Clifton
In 2024 we focused on fostering the use of the CliftonStrengths assessment within the company. This assessment helps uncover one’s unique combination of 34 CliftonStrength themes, informing Team Members of their main strengths. This knowledge can improve individual performance and teamwork.
Raising awareness regarding diversity, equity and inclusion (DEI) is a continuously ongoing process which has been pursued through several actions.
In 2024 we focused on training Team Members who have a significant impact within the company, particularly those in representation or hiring roles. Lead managers in the R&D department participated in a dedicated training course on inclusive leadership, while our most frequent hiring managers received training on unconscious biases that can affect the hiring process.
We also launched several mentoring programs, both internally and externally. One such program was designed to foster exchanges between female employees at EVS and the Leadership Team. This initiative has been highly successful, with mentees valuing the experience and knowledge of their mentors, and mentors gaining valuable insights into the experiences of female employees. Additionally, the DEI team introduced a mentoring program for first-year Computer Science students at the University of Liège. This program aims to support the small number of female students in these studies by offering guidance from our female computer scientists, demonstrating that women have a place in STEM (science-technology-engineering-mathematics) and that their careers can be fulfilling.
For the third consecutive year, we are proud to announce that we have been honored with the esteemed recognition of being named a 2025 Top Employer. This accolade stands as a testament to our unwavering commitment to fostering an exceptional workplace environment that prioritizes the well-being and growth of our invaluable team.
The year 2024 marked an incredible milestone for EVS as we celebrated our 30-year anniversary. It seems only fitting to reflect on one of the driving forces behind our vibrant company culture: our festive team, Ed Force 1.
To mark our 30-year anniversary, Ed Force 1 orchestrated an extraordinary worldwide challenge through an app developed by teroGO. This 9-week challenge successfully engaged over 400 Team Members, inviting them to log as many activities as possible in teams of 10. The activities were incredibly diverse, ranging from sports and time spent with children, to mental well-being exercises and gardening.
In the period of 9 weeks, over 6,000 activities were logged on the platform and 5,000 ‘likes’ were generously distributed amongst us.
Additionally, EVS received the prestigious Corporate Stars Award in the category of “Best Campaign to Improve Health and Mental Well-being,” further acknowledging the success of this initiative, and others already in place at EVS.
The Ed Force 1 group has once again demonstrated the power of celebration, community, and team spirit within EVS. Here’s to many more years of togetherness and success!
The broadcast market is experiencing transformative growth, driven by technological advancements, evolving consumer behaviors, and innovative content delivery methods. In this dynamic landscape, broadcasters must remain agile, invest in cutting-edge technologies, and prioritize sustainability. The future of broadcasting promises exciting opportunities, and EVS is committed to leading this evolving market.
The overall growth rate for the broadcast market is anticipated to be approximately 2-5% per annum1 Reference Devoncroft study.
In addition to benefiting from market growth, we aim to outpace it by capturing a greater market share from our competitors. Our strategic focus includes significant growth in North America and increasing our market share in the MediaCeption® and MediaInfra® solution categories. This objective is grounded on several factors:
We expect the organic compound average annual growth rate to be around 7% over the next 5-6 years.
We aim to further increase our recurring revenue while respecting our customers’ challenges and purchasing patterns. Given the pressure on operational spending in the broadcast industry, EVS systematically offers its solutions in both Capex and Opex forms. Our recurring revenue, primarily derived from Service Level Agreements (SLAs), has seen consistent growth over the past years. We are continuing to expand our SLA footprint by integrating this service into all our contracts, as it is greatly appreciated by our customers.
In addition to our SLAs, we are developing more license and subscription revenue streams. These allow our customers to temporarily upscale or upgrade their systems to meet peak demand or specific production needs.
Our goal is to ensure profitable growth, targeting a return on investment that aligns with our current business model of 22-23% EBIT. Achieving this growth requires significant investment in resources, including pre-sales, sales, and support organizations, to capture market opportunities and maintain high-quality customer support. While departments such as Production and R&D will grow in line with the company’s trajectory, certain departments can absorb growth without significant expansion.
Investment in the foundations of our company will shift, with a reduced focus on digital transformations and increased emphasis on security to ensure a secure customer service experience. Compliance with regulations such as the NIS2 Directive will also require ongoing efforts.
We expect operational leverage to improve by 2 to 3 percentage points over the next 5-6 years, assuming that the investments needed to structure the business and ensure compliance will not further increase.
In addition to achieving profitable organic growth, we actively seek acquisitions that complement our ecosystem. For further information, please refer to the chapter on Strategy Acquisitions.
Finally, we aim to ensure an optimal return on investment for EVS. This commitment underscores all our financial strategy objectives, guiding our pursuit of sustained, profitable growth.
EVS continues to enhance its portfolio through ongoing investments and strategic inorganic initiatives that expand both our offerings and talent pool.
In 2024, EVS continued to enhance its portfolio through ongoing investments and strategic inorganic initiatives that expanded both our offerings and talent pool. Building on our legacy of innovation, we reinforced our leadership in live video production, content management, media infrastructure solutions and sports VAR technology. This year’s advancements not only supported the reliable delivery of major global sport and news events but also drove operational efficiencies and creative storytelling for our clients worldwide.
In 2024, EVS solidified its leadership in live media technology through transformative advancements in its flagship solutions: LiveCeption®, MediaCeption®, and MediaInfra®. These innovations not only supported the delivery of the world’s most prominent live events but also empowered our clients to achieve new levels of efficiency, flexibility, and creativity.
LiveCeption® led the way in live production with groundbreaking AI-powered tools such as XtraMotion 3.0, redefining replay and highlighting workflows across major sports. Its extensive deployment in global markets (including car racing, cricket, basketball, and premium international competitions) highlighted its scalability and unmatched value for live media experiences.
MediaCeption® evolved into a robust convergent ecosystem driven by AI and workflow integrations. Key innovations such as VIA MAP and MediaHub® enabled seamless content management and distribution, simplifying complex workflows for newsrooms, digital marketing teams and live sport event productions. The integration of AI-driven features such as automated clipping and speech-to-text further enhanced storytelling capabilities, while strategic acquisitions (including MOG Technologies, and partnerships with TinkerList) expanded MediaCeption®’s market reach and functionality.
MediaInfra® continued to set the benchmark for broadcast and live production infrastructure. Its advanced capabilities in SDI-to-IP transitions, IP routing, audio processing with Dolby®, and compatibility with leading network vendors ensured reliable, future-proof operations. MediaInfra®’s deployment in both high-end corporate environments and major live events demonstrated its adaptability and scalability, further strengthening EVS’ global presence and entrance into new markets.
Through these cornerstone solutions EVS has enabled its customers to confidently navigate an ever-evolving media landscape, supporting their operational and creative ambitions. By prioritizing innovation, collaboration, and adaptability, EVS remains a trusted and solid partner in shaping the future of live media production, delivering value to customers and shareholders alike.
Celebrating 30 years of innovation as we expand our community to include every role in live media production
In 2024 we celebrated the incredible world of live media production where diverse teams come together under pressure to coordinate, contribute, and collaborate to unleash the powerful emotions of live events. This year we honored our 30th anniversary by celebrating the vibrant community of users who bring our products to life and remain the cornerstone of our success.
From replay and highlight operators to support engineers, system workflow designers, vision engineers, and facility management teams, we connected with our users around the world to recognize their vital role in delivering memorable productions. Together, we celebrated the spirit of innovation, collaboration, and excellence that defines EVS and the live media industry.
EVS took our celebrations to multiple events around the world in 2024, with our largest gathering of 250+ users at our EVS house in Paris during the Olympic production period. Multiple other events took place, leading up to the Super Bowl in Las Vegas, the NBA All Star Game in Indianapolis, local gatherings in Milan, London, Japan, Germany, and other locations.
While our LiveCeption® Replay Operators have long been a core community of users empowering live production, we continued to strengthen how we support our entire community of production users around the world. With a new online platform, events, and learning opportunities, we ensured that our MediaInfra® engineers could maximize the efficiency of the system while addressing new technology needs. We ensured that our MediaCeption® editors, producers, and media managers have access to their peers around the world to share experiences and collaborate on more ways to optimize storytelling content workflows. Furthermore, we made a concerted effort to support our VAR (Video Assistant Referee) community and help users who are trying to keep sports officiating out of the way of the live events themselves through our PowerVision® tools.
With a core component being learning, we have further established core pillars of how we encourage personal growth in our community of users. Through new operational tools such as thousands of downloads from our document portal, nearly 2000 people attending our in-person training courses and a growing community of learners enrolled in our learn.evs.com domain, we support our community of users throughout their journeys of excellence. In addition, we have established a technical training program aimed at certifying users who can both implement EVS solutions and provide a new basis of technical professionals our industry can trust.
While we work to ensure that our user community remains at the forefront of production workflows, their ideas and advice are central to our future success. We have continued to empower our user community to collaborate with our product teams, to drive our roadmap and ensure that their ideas can improve the user experience while simultaneously being part of our innovation journey.
While 2024 was a banner year for outreach and engagement with our users, EVS remains committed to the evolution of our industry and how we can foster new, diverse thinking, collaboration and growth to keep our industry strong.
In 2024, EVS embarked on an ambitious journey to reshape its identity and expand its market influence through the launch of the “This is not a replay” campaign. This initiative, a testament to collaboration and innovation, sought to dispel the notion of EVS as solely a replay technology provider and to showcase its broader portfolio of integrated solutions.
The campaign’s inception was sparked off during strategic brainstorming sessions in Fairfield, New Jersey, where the North American sales team collaborated with members of the marketing and sales enablement teams. Recognizing the need for a paradigm shift in market perception, these sessions gave birth to a creative approach that spotlights EVS’ diverse solutions, which include content management, distribution, real-time processing, routing, multiviewing, and video assistance for officials.
Inspired by René Magritte’s “The Treachery of Images”, the campaign challenged audiences to rethink their understanding of EVS. The phrase “This is not a replay” invited viewers to see beyond the company’s traditional association with replay technology, positioning EVS as a pioneer in innovation and evolution.
The campaign’s rollout began at the NAB Show in Las Vegas in April, coinciding with EVS’ 30th anniversary celebrations. To mark this milestone, EVS partnered with Levita, a Belgium-based company specializing in levitation and known for showcasing its products with a touch of magic. Together, we created a breathtaking display at the EVS booth. Visitors were captivated by the sight of EVS’ renowned LSM-VIA remote control system levitating alongside a reproduction of Magritte’s “The Treachery of Images.” This visually stunning combination underscored the campaign’s core message: there’s much more to EVS than meets the eye.
Following this successful debut the campaign transitioned to a broader stage. A dedicated landing page – evs.com/notareplay – supported a series of advertisements in specialized publications and dynamic social media campaigns.
During the summer the campaign found a new home in the EVS House in Paris. This space, reimagined to celebrate EVS’ 30 years of innovation, hosted key stakeholders during the summer games, providing an immersive experience that underscored the company’s comprehensive solutions.
At the IBC2024 event in Amsterdam, EVS took creativity to another level by collaborating with NOIR-artist, a Belgian painter renowned for live performance painting. NOIR-artist’s captivating artwork, created in real-time during the show, now graces EVS’ headquarters in Liège.
The “This is not a replay” campaign successfully transformed perceptions of EVS, presenting it as a holistic provider of cutting-edge solutions. Through a mix of strategic messaging and innovative touchpoints, EVS conveyed the message that investing in the company means embracing an ecosystem of seamlessly integrated technologies.
As the campaign has evolved, it continues to position EVS as an industry leader, ready to challenge conventions and redefine the boundaries of live video production. The next chapter will highlight customer success stories, offering further evidence of EVS’ expansive value proposition and its impact across the industry.
Through “This is not a replay,” EVS has not only solidified its position as a forward-thinking innovator but has also laid the groundwork for sustained growth and influence in the live production landscape.
In essence, “This is not a replay” encapsulates our bold vision for the future — a future where boundaries are blurred, perceptions are shattered, possibilities are limitless." Serge Van Herck / CEO
2024 was a landmark year for EVS as we proudly celebrated 30 years of innovation, growth, and connection. Under the theme “Family & Friends Together for Live” we honored the relationships and shared passion that have defined our journey. From our loyal customers and trusted partners to our dedicated Team Members and passionate technology users, it is their trust and collaboration that have fueled our success over the past three decades.
This milestone was celebrated far and wide through a series of events and initiatives aimed at bringing this passionate community together. A standout highlight was the EVS House in Paris, where, during that year’s vibrant summer season, as the world’s attention turned to the French capital, we transformed our temporary Parisian hub into a home away from home – a place for operators, customers, and partners to connect, share and create unforgettable memories.
EVS’ replay solution unlocked this adrenaline-filled portal that is simultaneously challenging, gratifying, and highly addictive. It’s delivered more than I could conceptualize in my wildest dreams, by revolutionizing not only my life but the lives of those I love.” Brady Jones IV, replay operator, EVS
One thing that impresses me here at EVS is the attitude of all Team Members. There’s a sense of company loyalty, mixed with bona fide dedication and enthusiasm. Also, there is always something challenging happening and every day is filled with new learning opportunities and excitements.” Evita Won, Area Sales Manager, EVS
30 years of innovation, partners, and friendship. These are the values we at Amber Technology rely on in our relationship with EVS, from the humble beginnings at the little shop in Liège to the purpose-built building of today. There have been many adventures along the way, but at the core of each project there is always the knowledge that we, as a team, will complete what we have started" Peter Amos, Managing Director, Amber Technology
It’s incredible to witness all the milestones achieved by EVS over the last 30 years! We treasure the successful collaboration between us, delivering top-class technology for broadcasting and new media productions in China. Once again, our heartfelt congratulations on this great achievement!” Daniel C.K. Fung, Chairman and CEO, NDT Group
Net Promoter Score update: a testament to excellence and customer success.
At the heart of EVS lies a relentless pursuit of excellence and an unwavering commitment to customer success, as reflected in our values. We use the Net Promoter Score (NPS) as a key measure of customer engagement and satisfaction, to ensure we continually meet and exceed customer expectations.
In 2024 our NPS was independently measured by Devoncroft Partners through their annual Big Broadcast Survey (BBS), the largest study of its kind in the global broadcast and media technology sector. According to Devoncroft’s Global Brand Report, which provides detailed insights into how more than 100 media technology suppliers are perceived by technology buyers worldwide, our company achieved an impressive NPS of 45.2, significantly higher than the industry average of just below 20. This score places us in the top 15% of companies in our industry.
When broken down by region, our performance highlights our global strength and adaptability:
1 A particularly strong showing in this high-growth market
Additionally, systems integrators and resellers, key stakeholders in our indirect sales strategy, awarded us an NPS of 52.9. This outstanding result affirms the success of our efforts to enhance partnerships and expand indirect sales channels.
The 2024 results also underscore the growing association of the EVS brand with quality, reliability, and expertise, reinforcing our position as a respected brand and industry leader. Notably, this marks the fourth consecutive year of NPS improvement, with scores steadily rising from 12 in 2021 to 31 in 2022, 42 in 2023, and 45.2 in 2024.
This consistent upward trajectory reflects the passion and dedication of our teams, the trust of our customers, and the strength of our PLAYForward strategy. As we look ahead, we remain committed to building on this momentum to deliver even greater value to our customers and partners.
Implementation of a Secure SDLC Program: EVS successfully integrated a Secure Software Development Life Cycle (SDLC) process across all product development. This ensures that security is prioritized at every stage, from design to deployment, reducing vulnerabilities in production systems.
Securing EVS Workflows during Major Sporting Events: EVS implemented advanced cybersecurity measures to protect workflows and ensure uninterrupted operations during high-profile sports events.
NIS2 Compliance Efforts: In 2024, EVS started a structured program to align with the NIS2 Directive, ensuring compliance with enhanced cybersecurity standards mandated for important manufacturers.
Covered all critical EVS processes with a Cyber Business Continuity Plan.
We still aim to reach a maturity level 2 of the CyberFundamentals Framework as part of the ESG goals for 2030.
Security is a process, not a product. Products provide some protection, but the only way to effectively do business in an insecure world is to put processes in place that recognize the inherent insecurity in the products. The trick is to reduce your risk of exposure regardless of the products or patches.” Bruce Schneier.
Al Kass Sports Channels, a leading Qatari broadcaster established in Doha in 2006, is renowned for its extensive sports coverage. With 11 channels—five Free-to-Air and six Encrypted—Al Kass delivers high-quality broadcasts of the Qatari Football League, as well as traditional sports such as camel racing and falconry. As the Host Broadcaster for major sports events in Qatar, Al Kass plays a pivotal role in showcasing the nation’s sporting heritage and global events.
To enhance their production capabilities, Al Kass embarked on a major upgrade of their fleet of Outside Broadcast (OB) vans. Previously equipped with legacy XT3 servers, the broadcaster transitioned to the latest UHD-capable XT-VIA servers. This upgrade involved the delivery of over 30 XT-VIA servers, providing Al Kass with the tools to meet the demands of modern sports broadcasting.
With this significant investment, Al Kass is now positioned to deliver exceptional UHD content, ensuring seamless and high-quality coverage for both local and international audiences.
Live Media Group (LMG), a leading provider of mobile production trucks for entertainment and sports across North America, has chosen EVS Strada routing solution for their newest state-of-the-art trucks. This decision, announced at NAB 2024, follows a comprehensive evaluation for a reliable and flexible ST 2110 broadcast system.
The Strada solution, integrating Cerebrum control and Neuron processing, provides advanced routing capabilities with customizable interfaces and seamless IP/SDI integration. It also incorporates Arista’s Ethernet switches and Providius’ network monitoring, ensuring robust performance and interoperability.
LMG’s diverse fleet, including 53 UHD trucks, will now feature Strada at the core of two expandable units, set to cover All Elite Wrestling (AEW) events. These trucks, custom-built for high-demand shows, will undergo extensive testing before launching later this summer.
This partnership with EVS enhances LMG’s operational capabilities, marking a significant milestone in their media infrastructure expansion. The collaboration continues to deliver top-tier solutions for their clientele across North America.
XtraMotion has proven to be a transformative solution for enhancing live and recorded productions. Its ability to deliver high-quality super slow-motion replays has been embraced by a growing number of customers across the globe. To support its introduction to the market, EVS has driven extensive efforts, including demos, customer presentations, proofs of concept, marketing campaigns, and participation in major industry events.
The impact of XtraMotion is evident in its diverse applications worldwide. Customers have utilized the technology to enable super slow-motion in productions where high-frame-rate cameras are not an option, from basketball and rugby to motorsports and esports. Beyond these, other sports such as soccer, ice hockey, and golf have also benefited from XtraMotion’s capabilities.
XtraMotion 3.0 marks the next stage in its evolution, introducing groundbreaking features such as combined deblur and super-slow-motion effects, processed faster than real time and ready to play almost immediately. This innovation is set to further enhance production workflows and expand its adoption across the industry.
EVS remains committed to empowering customers with solutions such as XtraMotion to optimize their storytelling and deliver captivating viewing experiences.
In the summer of 2024, TVN launched the Ü8, a cutting-edge broadcast van equipped to manage complex signal workflows for both national and international events. Showcased at IBC2024, the Ü8 features advanced EVS technology, including LiveCeption® for fast, reliable replays and highlights, and MediaInfra® for a robust media infrastructure.
The van is outfitted with XT-VIA® and XS-VIA® servers for ultra-high-definition (UHD) recording, controlled by LSM-VIA® and the MultiReview application. This setup allows production teams to instantly view up to 16 camera angles and efficiently export footage.
To enhance storytelling, XtraMotion® leverages generative AI for super motion replays, activated with a single click on the LSM-VIA remote. On the infrastructure side, two compact Neuron frames handle real-time signal processing, optimizing performance and efficiency.
The Ü8 exemplifies innovation in live broadcast production, providing flexibility and high performance for complex events.
DPG Media, a leading media organization in Belgium, has successfully modernized its operations with EVS’ Strada routing solution, transitioning to an all-IP infrastructure. This transformation supports a decentralized workflow that enhances flexibility and scalability for managing news, entertainment, sports, and digital channels across multiple locations.
The Strada deployment enabled the organization to relocate to new headquarters while maintaining equipment at their original data center. By seamlessly integrating traditional SDI infrastructure with advanced IP technology, Strada provides a hybrid solution that offers greater flexibility and minimizes operational disruptions.
The DPG Strada project incorporates robust technical architecture designed to meet current and future demands:
This implementation also leverages Neuron’s cutting-edge processing capabilities, including compression, conversion, and multiviewing, to streamline configurations and improve operational efficiency. Customizable Cerebrum panels allow operators to manage signals independently, enhancing overall system control.
Although still in its early stages, this transformation represents a significant step forward in operational modernization. By adopting Strada, the organization has built a scalable foundation for future growth and innovation in broadcast operations.
Pacific Broadcast, a production company based in Melbourne, Australia, specializes in televised surfing events. In 2023 they secured contracts to cover major 2024 summer events that took place in various locations worldwide.
To meet the technical requirements, Pacific Broadcast purchased EVS systems, including XT-VIA servers, and integrated Cerebrum for seamless broadcast control. This ensures they can provide high-quality coverage of surfing competitions globally in the future.
Operating in remote and challenging environments, such as beaches and islands, Pacific Broadcast relies on EVS’ technology for its robustness and reliability. This choice ensures their production systems maintain high uptime, crucial for delivering top-tier surfing event coverage.
The EVS Channel Partner program is well established in all the regions, showing strong growth and maturity. Channel Partners remain a cornerstone in expanding market reach, enhancing customer satisfaction, and driving revenue growth. This year the acquisition of MOG Technologies was particularly beneficial for our Channel Partner program. In addition to the Technology, R&D expertise, capabilities and knowledgeable staff, MOG brings a unique set of products perfect for distribution through our Channel Partners. This report delves into key accomplishments, challenges, and future strategies. Aligned with our strategic vision, EVS is dedicated to identifying and onboarding Channel Partners that share our goals, aiming for wider market reach. The EVS Sales Enablement Team focuses on empowering partners with tailored tools, support, and incentives to drive success for both EVS and themselves. Channel Partner managers in each region optimize communication, ensuring effective global promotion of EVS solutions.
As the EVS Channel Partner program grows and expands we remain true to our roots. Amber Technology, our New Zealand Partner since day one at EVS (so its 30th anniversary as an EVS Channel Partner) continues to drive business in the APAC (Asia-Pacific) region; along with Cedar Broadcast & Communications, NDT (New Digital Technology), Namsung, and Photron, among others. Broadcast Solutions, Qvest, Rexfilm, Twenty4seven, our Channel Partners in the EMEA (Europe, the Middle East and Africa) region, have continued to thrive. As expected, the NALA (North America & Latin America) region has continued to grow rapidly.
In 2024, EVS experienced a substantial increase in business through indirect channels, marking a progression in total business volume. Once more, North America doubled their indirect revenues, reflecting the success of our strategy to engage more through Channel Partners.
Channel partnerships facilitated market expansion beyond sports, enabling penetration into Corporate, House of Worship, News, and Government sectors. Media Infrastructure sales in the USA demonstrated a significant shift, constituting close to 30% of total revenues.
We will continue strategically expanding geographically and enhancing our incentive programs. As the industry shifts towards IP and more complex workflows, EVS will focus on Channel Partner Certification Programs to bridge the gap with fast-changing technology applications, and to help our Channel Partners benefit from developing capabilities to resell, support and customize EVS solutions. Thereby bringing real added value to the end user. EVS remains focused on a winning mindset and committed, with our Channel Partners, to bringing additional value and local expertise to our customers.
The suppliers of EVS form an important part of our ecosystem. The quality of our suppliers is important to ensure an optimal solution for our end-customers. EVS’ products and solutions are known as very reliable and stable systems that ensure top-quality live broadcasting. As such, we require a stable relationship with our suppliers. We generally look for long-term relationships and real partnerships: our focus is on combining our long-term goals and creating a common strategy to reach them.
As we look towards 2030, our vision is clear: in order to reach our growth ambitions we need to create a stable and reliable ecosystem where sustainability is the norm. As such, we will select our suppliers not only on their ability to meet business requirements but also on their commitment to sustainability. Sustainability from a longevity point of view, but also from an ecofriendly point of view.
By 2030, we aim to achive two objectives:
100% of our direct high-risk and medium-risk suppliers rated by EcoVadis;
50% of our direct high-risk and medium-risk suppliers reach at least a bronze medal in EcoVadis.
For 2024, we had set ourselves the interim objectives to have 5% of our direct high-risk and medium-risk suppliers rated, and 2% with at least a bronze medal.
In 2024 we made significant strides in strengthening our sustainable supply chain.
One of the key initiatives was the launch of our First Suppliers Day, an event designed to foster long-term partnerships and engage suppliers on our shared sustainability journey.
This event allowed us to showcase our goals, align expectations, and highlight the importance of sustainability within our value chain.
Another significant achievement in 2024 was the launch of the EcoVadis Platform, where we initiated the first round of supplier ratings. This will help us assess our suppliers’ sustainability practices and drive continuous improvement. The second batch of supplier evaluations is scheduled for Q1 2025.
At EVS we recognize that our Team Members are the driving force behind our success. Their expertise, well-being, and performance directly influence our reputation, enhance customer satisfaction, and contribute significantly to our financial results.
Beyond the many benefits and opportunities we offer, we pride ourselves on successfully cultivating a corporate culture that Team Members are excited to remain part of. A culture where they are valued, innovation thrives, and customer success is achieved." Pierre Matelart, Chief People Officer
From left to right: Soumya Chandramouli, Michel Counson, Frédéric Vincent, Anne Cambier, Johan Deschuyffeleer (Chairman), Martin De Prycker, Chantal De Vrieze, Marco Miserez and Serge Van Herck (CEO).
The EVS Board of Directors establishes, guides, and oversees EVS’ strategic direction. Their responsibilities include strategic planning, risk management, executive compensation, and compliance. Comprising 9 highly-qualified members with diverse expertise across various domains, the board convenes a minimum of six times annually to discuss these matters.
The EVS Board of Directors fulfills gender diversity criteria with the presence of three women on the board.
The Leadership Team takes on the operational responsibility for EVS' activities and acts under the supervision of the Board of Directors.
We firmly believe that a vibrant and energetic Leadership Team is key for the company’s growth and stability. This team, operating under the CEO’s supervision, consists of key leaders from diverse positions and regions.
In 2024, EVS strengthened its Leadership Team organization by further enhancing its focus and strategic customer engagement. Nicolas Bourdon has been appointed Chief Customer Officer, and Oscar Teran has been promoted to the position of Executive Vice President of Markets & Solutions.
From left to right: Veerle De Wit (CFO), Nicolas Bourdon (CCO), Pierre Matelart (CPO), Xavier Orri (CXO), Serge Van Herck (CEO), Oscar Teran (EVP Markets & Solutions), Alex Redfern (CTO)
The EVS Skippers Team was launched in 2020 at the initiative of the Leadership Team. This group, composed of the direct reports to the Leadership Team, was created to facilitate communication between the Leadership Team and all Team Members in the organization.
Towards the end of 2023 we decided to empower this group to become a cross-functional team that is now the driving and transformational force we are using to reach our BHAG. EVS will continue to put this group of Team Members in the spotlight, to further empower them and attain our growth ambitions.
Two Skippers Team Coordinators have been appointed to facilitate collaboration and collective ownership within the Skippers Team, their main mission is to foster interactions and teamwork between Skippers from the different departments. In November 2024 more than 60 Skippers spent a whole day together to participate in a live production experience using EVS products - a collaboration exercise that already showed an improvement in cross-functional teamwork.
As an international company with a strong local presence in some areas of the world, we want to contribute to making the communities around us better every day. We encourage our Team Members to get involved with charities, and we also contribute to local communities at a corporate level by giving resources to support their ambitious projects.
EVS’ objective is to reach 80% of Charity Days taken across the company by 2030.
In 2024, EVS continued to take pride in its role as an essential supporter of local communities in the region of Liège. Our sponsoring efforts are always focused on sectors such as education, sport, culture, social initiatives, and the environment. By aligning our sponsoring strategy with these key topics, EVS aims to make a meaningful impact.
We support institutions such as the Opéra Royal de Wallonie and the Théâtre de Liège, but also numerous associations such as CoderDojo or Elles Bougent, which supports STEM education.
Athlete Sponsorship
EVS continues to support exceptional athletes in their pursuit of excellence. In 2024 para-athlete Maxime Carabin achieved remarkable success at the Paris Paralympic Games, securing gold medals in both the 100m and 400m T52 events. His outstanding performances not only brought pride to Belgium but also underscored the spirit of determination and resilience.
Similarly, freediver Marine Simonis set a new national record for Belgium by reaching a depth of 75 meters in the Constant Weight Bi-Fins (CWTB) discipline during the 2024 CMAS 8th World Championship Freediving Depth. This achievement highlights her dedication and the relentless pursuit of pushing human limits.
These inspiring accomplishments resonate with EVS’ commitment to supporting talent and striving for excellence.
Marine Simonis: Belgian Freediving Champion and EVS’ ESG Ambassador
At EVS we also empower our Team Members to make a tangible impact on the causes they care about the most. Every Team Member has the opportunity to donate 100 EUR per year to the association of their choice through our individual sponsoring initiative. This initiative allows us to support a diverse range of causes that are important to our employees, fostering a sense of personal involvement and community support. Furthermore, if the support goes to an association that helps victims of natural disasters EVS matches the donation, effectively doubling the amount, to provide additional assistance to those in urgent need.
In 2024, EVS proudly donated a total of 39,405 EUR through this initiative to various associations based in Belgium and across the globe.
In 2024, EVS continued to follow the Charity Day policy that was implemented at the end of 2022. Each Team Member is allocated 1 day off per year to do some volunteer work with an organization that supports a cause that matters to them.
This year a total of 161 TM took their Charity Day, compared with 58 in 2023, which is an increase of more than 175%!
The organizations and activities that can be covered by Charity Days are numerous and vary, from river cleaning to construction work, web designing, helping children learn to ride bikes, or getting a deep insight into the reality of blind and visually-impaired people,... etc.
The Annual Report (management report, accounts and notes) is available on the EVS website (www.evs.com).
A paper copy can be obtained on request.
Version française disponible sur demande.
