EVS reports record sales in 2010, 50% EBIT margin
 The Board proposes a total dividend of EUR 2.64 per share
* FY10 record revenue of EUR 111.2 million, +45.2% vs. FY09 (+30.6% excluding
the big events rentals and at constant exchange rate)
* FY10 EBIT margin of 50.0% and strong EPS +47.5% growth to EUR 2.94
* 4Q10: revenue up 31.3%, net result of EUR 8.2 million
* Successful studio diversification represents 50% of FY10 and 4Q10 sales
* Global order book of EUR 25.2 million (+8.3% excl. the big events rentals)
at February 15, 2011
* 2010 Gross dividend of EUR 2.64 per share (incl. the interim dividend of
EURÂ 1.16)
* 2011 prepares for stronger 2012 as industry recovers, diversification
accelerates, London2012 tracts, while investing in innovation and expansion
Liège (Belgium), February 17, 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 fourth quarter ("4Q10") and
2010 ("FY10").
Key highlights
Pierre L'Hoest, CEO of EVS said: "In an environment where we saw some signs of
industry recovery, mainly driven by stronger revenues for broadcasters, mixed
with a need to optimize the use of existing equipments, we have been able to
realize a strong performance in 2010. The crisis has reinforced the need for
clients to optimize the way their workflows are designed. High definition will
continue to be a strong driver for the years to come. In 2011, our focus will
not change: invest in innovation, to make sure that we are able to answer to
lots of different customer needs in studio, and continue to expand our
operations to support the development of the company."
Commenting on the results and perspectives, Jacques Galloy, CFO, added: "In this
fourth quarter, sales amounted to EURÂ 26.9 million (+31.3%), leading to a record
year in 2010 (+45.2% to EUR 111.2 million), higher than the company guidance.
EBIT margin for FY10 was slightly higher than 2009, at 50.0% of sales, in line
with our guidance. For 2011, we expect to leverage on the industry recovery, and
on the main drivers that remain valid. This will be an odd year, without any
major event (which represented more than EUR 10 million of rentals in 2010). We
are strongly investing in expansion in new niches and innovation in new
solutions, having grown our headcount by 33% over the last year. Of course, this
weights on our short term margins, as we do not capitalize R&D, but hopefully
paves the way for future better ones, like over 2002-2005 period. Ongoing
diversification, London2012 traction and future big sporting events in emerging
markets will constitute other drivers for us in the future."
Corporate Calendar:
April 9-14, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NAB tradeshow, Las Vegas
Thursday May 12, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 1Q11 earnings
Tuesday May 17, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Ordinary General Meeting
Thursday May 26, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Final Dividend Ex-date Coupon 12
Wednesday June 1, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Final Dividend Payment date Coupon
Thursday August 25, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2Q11 earnings
Thursday November 10, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â 3Q11 earnings
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, develops and markets professional digital
equipment for Television. The company employs over 365 persons in 14 countries
and sells its products to professionals of the video and audio sectors in more
than 90 countries. EVS is a public company traded on Euronext Brussels: EVS,
ISIN: BE0003820371. For more information, refer towww.evs-global.com or
www.evs.tv
EVS Broadcast is the world leader for Live TV Production Digital Disk Recorders
and Related Software Applications, especially in the field of sports. 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 "XT[2]®
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.
EVS 41,3% affiliate XDC is the European leader for Digital Cinema technology and
services in Europe with more than 3,500 committed digital screens in 11 European
countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The
Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 1,500
have already been deployed.
Press release in pdf format:
http://hugin.info/133958/R/1489881/425443.pdf
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Source: EVS Broadcast Equipment via Thomson Reuters ONE
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