EVS: Revenue up 16.8% in H1 2026, but orders decline by 18%
EVS published on August 18, 2026 half-year results marked by revenue growth driven by rental activity related to major events (Big Event Rental) and the consolidation of T-Motion. At the same time, order intake for the period declined due to the execution of these major events in the first half and the geopolitical situation in the Middle East.
The group nevertheless confirms its annual revenue and EBIT targets.
Revenue at €107.2m, order intake at €85.3m
First-half 2026 revenue stood at €107.2m, up 16.8% year-on-year. Excluding Big Event Rental, the increase amounts to 3.7%. At constant exchange rates, growth reaches 19.9% (6.8% excluding Big Event Rental).
Order intake declined to €85.3m, a decrease of 18.0%, due to the execution of Big Event Rental in the first half and the situation in the Middle East. Excluding Big Event Rental and the Middle East, it increased by 3% compared with the same period last year.
Net income stood at €16.5m, compared with €13.3m in the first half of 2025, an increase of 24.4%. Diluted earnings per share reached €1.17 compared with €0.94 a year earlier.
Gross margin at 68.5%, EBIT up 5.5%
Gross margin stood at 68.5%, compared with 72.6% in the first half of 2025. The group attributes this decline to the consolidation of T-Motion, unfavorable exchange rate effects linked to the appreciation of the euro against the dollar, pricing pressure on a limited number of upgrade or replacement operations, and higher operating costs linked to the growth strategy.
EBIT amounts to €15.6m, up 5.5%, for an EBIT margin of 14.6% compared with 16.1% in the first half of 2025. Operating expenses reached €56.9m, up 12.3% year-on-year, but declining as a percentage of revenue, at 53.1% compared with 55.2% a year earlier. Excluding T-Motion, the increase in costs is limited to 6%.
Net cash flow generated by operating activities increased to €17.0m, compared with a loss of €0.5m in the first half of 2025.
Annual targets of €220 to €240m in revenue and €40 to €50m in EBIT confirmed
EVS maintains its forecast of annual revenue between €220 and €240m, based on secured revenue of €161.5m as of June 30, 2026, down 4.5% compared with €169.1m recorded at the same date a year earlier. The group notes that order intake is traditionally concentrated at the end of the financial year and that achievement of this target depends on the investment decision cycle of customers.
The long-term order backlog, beyond 2026, stands at €103.6m, up €22.2m compared with the start of 2026. The EBIT forecast for the financial year is maintained in a range of €40 to €50m.
Management indicated that it has decided to accelerate its cost control plan, with the suspension of all non-essential expenditure, with the first effects expected in the second half of 2026 and the full impact in 2027.
