EVS reports revenue and results for 2Q11 and 1H11
Confirmation of FY2011 expectations
* 2Q11 revenue of EUR 23.4 million, slightly higher than 1Q11 but -22.4% vs.
2Q10
(-8.1% excluding the big events rentals and at constant exchange rate)
* As expected, weaker seasonal 2Q11 EBIT margin of 35.0% and EPS of EUR 0.42
* 1H11: revenue down 9.7% (flat excluding the big events rentals and at
constant exchange rate), net result of EUR 14.5 million
* Studio diversification continues: 45% of sales and 42% of orders in 1H11
* High global order book of EUR 34.3 million (-3% excl. the big events
rentals) at August 24, 2011, on the back of quite strong May and June months
* 2011 revenues could equal 2010, with stronger H2 - EBIT margin to recover in
H2
Liège (Belgium), August 25, 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 second quarter ("2Q11") and
first half of 2011 ("1H11").
Key highlights
Pierre L'Hoest, CEO of EVS said: "We clearly continue to feel that there is a
strong need to invest in new technologies and new workflows. More than ever, the
switch to high definition is driving investment decisions, and the upcoming
London Olympics are also pushing new investments. As an example, some major
rental companies recently invested in the new XT3 servers, through upgrades or
additions to their existing portfolio. The first XT3 servers have been delivered
in July, as expected. The market is reacting very positively to the new features
and is waiting for the next developments to be released at the end of 2011 and
during 2012. In 2011, while the macro-economic environment remains, more than
ever, uncertain, 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: "2Q11
sales (EURÂ 23.4 million) were slightly higher than in 1Q11. More than ever, this
quarter underlines the volatility of our figures on a quarterly basis, with
strong segment fluctuations. Higher operating expenses and mainly the seasonal
and significant NAB tradeshow expenses led to a 35.0% EBIT margin. The order
book looks promising, on the back of very strong May and June months. Hence, the
Board remains confident that, for 2011, revenue could equal the record level of
2010, even though this is an odd year, without any major event, which
represented more than EUR 10 million of rentals in 2010."
Corporate Calendar:
September 9-13, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â IBC trade fair in Amsterdam (NL)
Thursday November, 3, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Extraordinary General Meeting
Thursday November 10, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â 3Q11 earnings
Thursday February 16, 2012Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â FY11 earnings
Thursday May 10, 2012Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 1Q12 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 388 persons in 16 countries
and sells its products to professionals of the video and audio sectors in more
than 100 countries. EVS is a public company traded on Euronext Brussels: EVS,
ISIN: BE0003820371. For more information, refer to www.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.
XDC, of which EVS owns 41.3%, is the European leader for Digital Cinema
technology and services in Europe with more than 3,800 committed digital screens
in 11 European countries (Germany, Switzerland, Spain, Austria, Portugal,
Belgium, The Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of
which 2,000 have already been deployed.
Press release in pdf format:
http://hugin.info/133958/R/1541038/471280.pdf
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Source: EVS Broadcast Equipment via Thomson Reuters ONE
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