May 11, 2010 / 7:30 AM / 9 years ago

STOCKS NEWS EUROPE-EVS at 10-mth low;Q1 margin disappoints

Shares in EVS (EVSB.BR) fall as much as 10 percent to a 10-month low as its profit margin on rentals of its TV equipment for the winter Olympics and on its big studio projects missed expectations.

“The order book was okay, first quarter sales were okay, but the gross margin was below consensus forecast,” says analyst Nico Melsens at KBC.

Earlier the Belgian company unveiled a spring order book which was slightly higher than expected. [ID:nLDE64A02Z]

Reuters Messaging rm://ben.deighton.thomsonreuters.com@reuters.net

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