Quick (Belgian) update: EVS Broadcast & Jensen

Both Belgian stocks in my Portfolio, EVS and Jensen published Q1 numbers in the past few days.

EVS Broadcast came out with a Q1 slightly below their own expectations and with EBIT guidance below 2024.

It is important to remember that EVS always guides cautiosly and last year had to revise their forecast upwards 3 times.

The stock gave up some of the YTD gains but is still up +17%:

So nothing to worry (too much) at the moment.

Jensen on the other hand far expected my expectations with a fantastic Q1:

Those are fantastic numbers and even if growth trails off a little during 2025, the stock is still absurdly cheap given the quality. I have added both, before and after the announcement, in total ~1,2% of the portfolio. And I will add most likely more, even though the stock trades at an ATH.

Jensen is up ~19% YTD but because of the 34% EPS increase has actually become even cheaper: