EVS Broadcast Equipment reports revenue and res...
* 3Q11 revenue of EUR 29.8 million, -10.2% vs. 3Q10 (-1.6% excluding the big
events rentals and at constant exchange rate)
* Sequentially stronger 3Q11 EBIT margin of 46.6% and EPS of EUR 0.74
* 9M11: revenue down 9.9% (+1.0% excluding the big events rentals and at
constant exchange rate), EBIT margin of 41.0%
* Strong autumn global order book of EUR 34.5 million (+10.8% excl. the big
events rentals) at October 31, 2011, including EUR 21.5 million to be
invoiced in 2011
* Confirmation of the 2011 sales and EBIT margin guidance
* Stronger 2012 to benefit from big sporting events and further products
developments in studio niches
* Interim dividend of EUR 1.16 per share to be paid in December
Liège (Belgium), November 10, 2011 - EVS Broadcast Equipment S.A. (Euronext
Brussels: EVS.BR, Bloomberg: EVS BB, Reuters: EVSB.BR) (Pinksheets: EVBEF), the
leader in Professional Digital Video applications for live, near-live and studio
TV production, today reported its results for the third quarter ("3Q11") and
first nine months of 2011 ("9M11").
Key highlights
Commenting on the results and perspectives, Jacques Galloy, CFO, added: "In
3Q11, sales amounted to EUR 29.8 million, leading to slightly higher sales in
the first nine months of 2011 at constant exchange rate and excluding the big
event rentals. As anticipated, the operating margin improved sequentially to
46.6%, mainly thanks to higher revenues and despite our investment in innovation
as our operating expenses increased by +11.4% in 3Q11 vs. 3Q10. Recently, we
confirmed the largest deal in the history of EVS, with more than EUR 10 million
for the equipment of 12 OB vans in Russia. We also signed the rental contract
for the Olympic Games in London next year. The Board confirms 2011 sales to near
2010 record before a stronger 2012 and has decided to pay an interim dividend of
EUR 1.16 per share later in December."
Pierre Rion, Chairman of the Board of Directors of EVS said: "The internal
process to better structure EVS to accompany the growth of the company is
progressing well. We will communicate on the new structure at the latest in
January 2012."
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 Ougrée (Liège), Belgium
Tel: +32 4 361 70 14. E-mail: corpcom@evs.tv; 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 400 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
XDC, 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.xdcinema.com
Press release in pdf format:
http://hugin.info/133958/R/1562715/484233.pdf
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Source: EVS Broadcast Equipment via Thomson Reuters ONE
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