EVS Q1 2025 business update

Despite increasing economic uncertainty, EVS remains cautiously optimistic for 2025

We begin the year 2025 reporting a first quarter slightly below our expectations, primarily due to the deferral of certain customer deliveries from March to April. This timing-related impact does not alter the underlying business momentum. Customer demand remains robust across all regions, providing continued confidence in our full-year guidance. We remain cautiously optimistic about achieving our 2025 revenue objectives though, given the macro-economic tensions, the tariff discussions and the weakening dollar.

Highlights

• Our underlying metrics support growth in revenue for 1H25 and we remain confident for our full year performance. Revenue achievement for 1Q25 was impacted by some customers delaying their shipments, hence not demonstrating the expected growth.
• Secured revenue* for 2025 is at EUR 125.1 million (growing EUR 4.7 million compared to 1Q24, excl. BER) sustaining our revenue guidance of EUR 195-210 million.
• Operational expenses are under control. Despite the economic uncertainty, we continue to invest in the execution of our growth strategy. Our healthy cash position gives us the comfort to maintain momentum.
• Based on the 1Q25 results and in line with our full year revenue guidance, we issue a full year EBIT guidance of EUR 35.0 – 43.0 million.
• Net cash is remaining strong at EUR 75.2 million.
   

*Secured revenue includes the already recognized revenue as well as open orders on hand that will be recognized as revenue in 2025.