EVS Reports 28% Revenue Growth and Record Profi...
REGULATED INFORMATION
* Strong 1Q08 revenue of EUR 25.4 million, +27.8% vs. 1Q07 (+32.7%
at constant exchange rate)
* Europe up 109.8%, Asia & Pacific down 15.7%, America down 15.1%
(-2.9% at constant exchange rate) over 1Q08
* 1Q08 EBIT of EUR 17.1 million, +32.0% vs. 1Q07
* Record 1Q08 EPS (basic) of EUR 0.86, up +37.1% or +38.9%
excluding XDC
* Strong spring order book as of April 30 of EUR 34.4 million,
+104%
* Studio represents 47.2% of that order book (with longer leadtime)
* Order book contains EUR 6.5 million rentals for Euro2008 (Q2) and
Olympics (Q3)
* 2008 guidance: growth compared to 2007, driven by the big sport
events
* Gross total dividend of EUR 2.28 per share to be proposed at the
General Meeting.
Liège (Belgium), May 15, 2008, EVS Broadcast Equipment S.A. (Euronext
Brussels: EVS.BR) (Pinksheets: EVBEF), the leader in Professional
Digital Video applications for Live, Near-Live and Studio TV
Production, reports today its results for the first quarter 2008
("1Q08").
Key Highlights
Pierre L'Hoest, CEO of EVS said: "We are very happy with the
development of our business in the first few months of the year. Not
only our sales for the first quarter were robust, but the spring
order book of EUR 34.4 million is the evidence of the dynamism of EVS
on its two key markets, the outside broadcast vans and the studio
productions. While most of the people are focused on the two big
sporting events of this summer, it is key to understand that our
underlying key growth drivers such as the tapeless transition and the
shift towards HDTV will continue to sustain our sales, while the big
events mainly represent triggers for our clients. The latest
developments showcased by EVS during the recent NAB show in Las Vegas
were highly appreciated by the professionals of the industry, with a
particular focus on the native HD interoperability between EVS and
the two post-production leaders Avid and Apple. We are convinced that
these developments will continue to create new opportunities for EVS,
especially in the studio production segment."
Commenting on the results, Jacques Galloy, CFO said: "While growing
sales, we gear up the company for the future. On one side, we have
hired 40 new employees over the last 12 months, increasing our
headcount by 24%, mainly in R&D, international operations and new
products management. On the other side, we expand and structure our
organization, focusing on customer service and support. Despite the
weakness of the US dollar, we have booked a record quarterly net
profit of EUR 11.7 million, up 36.5% compared to 1Q07. We are pleased
to reward our shareholders by proposing a total gross dividend of
EUR 2.28 next May, including the gross interim dividend of EUR 0.80
paid out last November".
The full press is available on www.evs-global.com
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