EVS Broadcast Equipment : record quarter in 2Q1...

• Record revenue in 2Q12: EUR 42.8 million, +82.9% vs. 2Q11
• 2Q12 EBIT margin of 54.2% and EPS of EUR 1.18
• 1H12: revenue of EUR 72.9 million, +58.1% (+49.0% excluding the big events rentals and at constant exchange rate), EBIT margin of 50.4%
• Record summer global order book of EUR 48.0 million at August 29, 2012, +31.6%
• Supported by the Summer Games and strong business, 2H12 looks better than expected
• With more than EUR 120 million secured sales at august 29 for FY12, record sales expected to grow by more than 25% in FY12
• Operating expenses and EBIT are expected to grow by around 13-16% and 40%, respectively

Key figures

(unaudited)			EUR millions, except earnings per share expressed in EUR	(reviewed)
2Q12	2Q11	2Q12/2Q11		1H12	1H11	1H12/1H11
42.8	23.4	+82.9%	Revenue	72.9	46.1	+58.1%
23.2	8.2	+183.4%	Operating profit - EBIT	36.8	17.2	+113.7%
54.2%	35.0%	-	Operating margin - EBIT %	50.4%	37.3%	-
0.0	-0.1	N/A	Contribution from dcinex	0.0	2.5	N/A
15.9	5.7	+181.0%	Net profit - Group share	24.6	14.5	+69.5%
16.7	6.6	+153.6%	Net profit from operations, excl. dcinex - Group share (1)	25.6	13.1	+95.5%
1.18	0.42	+181.4%	Basic earnings per share	1.83	1.08	+69.9%
1.24	0.49	+154.0%	Basic earnings per share from operations, excl. dcinex (1)	1.91	0.97	+96.0%

1. The net profit from operations, excl. dcinex, is the net profit (share of the group) excluding non operating items (net of tax) and the dcinex contribution. Refer to Annex 5.3: use of non-gaap financial measures.

Comments

Commenting on the results and perspectives, Jacques Galloy, CFO, said: "This quarter is awesome. This is the best quarter in the history of our company at sales level. High market demand for our solutions resulted in a jump of 83% of 2Q12 sales to EUR 42.8 million, partially in relation with the Euro soccer 2012 but mainly due to market share gains. This growth is a fact in all our regions and market segments, despite a macro-economic environment that remained uncertain. Higher EBIT margin of 54.2% has been achieved thanks to higher sales leverage and good cost control, even though we continue to reinforce some of our teams in a selective way around the globe. This record first half year, combined with a high order book, anticipates a very strong 2012 year. Even though we expect the usual slow down that follows large sporting events, it is now clear that the second half of the year will be better than anticipated at the beginning of the year with full year sales growing by more than 25% while operating expenses should grow by around 13-16%, implying results growth around 40%. Last, we remain cautious for uneven year 2013, without big sporting events".

Pierre Rion, Chairman of the Board of Directors of EVS added: "I'm very proud of what our teams have achieved during this summer. Being involved in big sporting events is always a great challenge. And these events are only the visible part of the iceberg, as usual business goes on. We are also very happy to welcome Joop Janssen, our new CEO, in a few days. This is the beginning of a new era for EVS, based on the strong fundamentals that have been built over the years. Our current management team is strong, and Joop will bring even more experience to it".

Corporate Calendar:

Thursday August 30, 2012: 2Q12 earnings

Friday August 31, 2012: Postponed Extraordinary General Meeting

September 7-11, 2012: IBC trade faire in Amsterdam (NL)

Thursday November 15, 2012: 3Q12 earnings

Thursday February 21, 2013: FY12 earnings

Thursday May 16, 2013: 1Q13 earnings

Tuesday May 21, 2013: Ordinary General Meeting

For more information, please contact:

Jacques GALLOY, Director & CFO

Geoffroy d'OULTREMONT, Investor Relations & Corporate Communications Manager

EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean, B-4102 Seraing, Belgium

Tel: [phone].  E-mail: [e-mail]; www.evs-global.com

Forward Looking Statements
This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. EVS undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

About EVS Group
EVS Broadcast Equipment designs leading broadcast and media production systems for sports, news and TV entertainment. Its innovative Live Slow Motion system revolutionized live broadcasting, and its reliable and integrative tapeless solutions are now widely used for non-linear editing and 3D HD productions across the globe. The company's dedicated hardware and software suite offer a complete production platform: live slow motion (LSM), high speed slow motion, replay only, clips generation, quick clips editing, real-time SD/HD video files transfer, time delay, multi-camera recording, metadata association, graphics storage and play-out, digital transmission, multi-format ingest and play-back, audio record & edit, webcasting, mobile phone clipping. Main software applications like the "IP Director®" are running on the dedicated robust and flexible hardware the "XT3® Platform". The world's leading broadcasters, such as NBC, BSkyB, FOX, RTBF, RTL, NHK, CANAL+, ABC, ESPN, TF1, CCTV, PBS, CBS, BBC, ZDF, Channel One, Channel7, RAI, TVE, NEP, MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use EVS' solutions.
The company is headquartered in Belgium and has offices in Europe, the Middle East, Asia and North America. Approximately 435 EVS professionals from 20 offices are selling its branded products in over 100 countries, and provides customer support globally. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, refer to www.evs-global.com, www.evs.tv
dcinex, of which EVS owns 41.3%, is the European leader for Digital Cinema technology and services in Europe with more than 4,900 committed digital screens in Europe, out of which 2,000 have already been deployed. www.dcinex.com.
  

Press release in pdf format

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Source: EVS Broadcast Equipment via Thomson Reuters ONE

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