EVS Broadcast Equipment reports third quarter 2...

Publication on November 10, 2016, before market opening
Regulated information - Press release quarterly results
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

 

• 3Q16 highlights
  • Revenue of EUR 37.1 million +31,6% compared to 3Q15 thanks to big event rentals (+3.6% excl. event rentals and at constant currency)
  • EBIT margin of 39.7%
  • Net Profit of EUR 10.5 million, EPS of EUR 0.78
     
• 9M16 highlights
  • Revenue of EUR 103.8 million, +24.5% compared to 9M15 (excl. event rentals and at constant currency)
  • Operating expenses under control (+3.2% compared with 9M15)
  • EBIT margin of 38.3% (or 37.2% EBIT margin excluding other revenues)
  • Net profit of EUR 28.0 million, EPS of EUR 2.07
     
• Gross interim dividend of EUR 0.60 per share
   
• Outlook
  • Order book of EUR 16.2 million on October 31, 2016 (to be invoiced in 2016)
    • -14.3% vs last big events year (2014)
  • Additional EUR 23.8 million orders to be invoiced in 2017 and beyond
  • Revenue in 2016 is expected to be between EUR 128 million and EUR 134 million (incl. around EUR 12 million of big event rentals)
  • Stable to slight opex growth in 2016

KEY FIGURES

naudited			EUR millions, except earnings per share expressed in EUR	Unaudited
3Q16	3Q15	3Q16/3Q15		9M16	9M15	9M16/9M15
37.1	28.2	+31.6%	Revenue	103.8	75.6	+37.2%
28.3	19.8	+43.4%	Gross margin	78.0	52.5	+48.5%
76.3%	70.0%	-	Gross margin %	75.2%	69.4%	-
14.8	7.2	+104.5%	Operating profit - EBIT	40.0	14.6	+171.6%
39.7%	25.6%	-	Operating margin - EBIT %	38.3%	19.3%	-
10.5	4.8	+118.0%	Net profit (Group share)	28.0	10.3	+172.0%
0.78	0.36	+117.8%	Basic earnings per share (Group share)	2.07	0.76	+171.7%

COMMENTS

"The third quarter was clearly supported by the activity around the big sporting events of the summer, In France and Brazil, which generated a quarterly record amount of EUR 8.2 million rental revenue. And, as usual, the period following these has been quieter in terms of order intake. The sporting events of this summer also confirmed the leadership of EVS in the industry and its key role in the experience of sports in particular", said Muriel De Lathouwer, CEO of EVS.

Commenting on the results and prospects, Yvan Absil, CFO, said: "With strong revenue of EUR 37.1 million, our third quarter EBIT margin was close to 40%. For 2016, we see total revenue between EUR 128 million and EUR 134 million, and we expect stable or slightly higher opex compared to 2015."

Conference call
EVS will hold a conference call in English today at 3:00 pm CET for financial analysts and institutional investors. Other interested parties may join the call in a listen-only mode. The presentation used during the conference call will be available shortly before the call on the EVS website.

Dial-in numbers: [phone] (United Kingdom), [phone] (Belgium), [phone] (United States)
Conference call ID: 960386

Corporate Calendar:
Tuesday November 22, 2016: interim dividend: ex-date
Wednesday November 23, 2016: interim dividend: record date
Thursday November 24, 2016: interim dividend: payment date
Thursday February 16, 2017: FY16 results
Thursday May 11, 2017: 1Q17 results
Tuesday May 16, 2017: Ordinary General Meeting
Thursday August 31, 2017: 2Q17 results
Thursday November 16, 2017: 3Q17 results

For more information, please contact:   Yvan ABSIL, CFO Geoffroy d'OULTREMONT, Vice President  Investor Relations & Corporate Communication EVS Broadcast Equipment S.A., Liege Science Park, 13 rue du Bois Saint-Jean, B-4102 Seraing, Belgium Tel: [phone].  E-mail:[e-mail]; www.evs.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 EVS is globally recognized as the technology leader for live video production. The company introduced Live Slow Motion replay in 1994, and has continued to build on its reputation for quality and reliability with solutions that enhance live sports, entertainment and news content. Innovations - such as the C-Cast multimedia platform and DYVI IT-based switcher - are raising the bar for live production enrichment, management and distribution. Broadcasters, rights owners, producers and venues alike use EVS to maximize the value of their productions and increase revenue streams. The company is headquartered in Belgium with around 500 employees in offices in Europe, the Middle East, Asia and North America, and provides sales and technical support to more than 100 countries. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, please visit www.evs.com

Press release in pdf format

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Source: EVS Broadcast Equipment via Globenewswire