EVS reports strong results for 3Q10
Revenues of EUR 33.2 million, global order book of EUR 29.8 million
* 3Q10 revenue of EUR 33.2 million, +69.4% vs. 3Q09 (+53.4% excluding the big
events rentals and at constant exchange rate), confirming the momentum of
the first half of the year
* 3Q10 Outside Broadcast sales up 77.9% vs. 3Q09
* 3Q10 EBIT margin of 55.0% and earnings per share more than doubled to EUR
0.92
* 9M10: revenue up 50.3%, EBIT margin 51.9%
* Studio represents 34.3% of 3Q10 sales and 49.7% of 9M10 sales
* Strong global order book of EUR 29.8 million (+23.1% excl. the big events
rentals) at the end of October, incl. EUR 8.4 million to be invoiced in
2011 and beyond
* 2010: sales growth higher than 35% and EBIT margin around 50%
* Increased interim dividend EURÂ 1.16 to be paid at the end of November
* 2011 should reflect the industry recovery in a year without any major event,
but with London 2012 at the horizon, while EVS invests in innovation and
expansion
Liège (Belgium), November 18, 2010, 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 ("3Q10") and
first nine months of 2010 ("9M10").
Key highlights
Pierre L'Hoest, CEO of EVS said: "The IBC tradeshow in Amsterdam confirmed the
slow, but steady, recovery of the broadcast industry. Most of our clients are
again looking at the future with more optimism. Advertising revenues are up year
on year, production companies see the new technologies as drivers for their
future growth. High definition is a strong driver for capturing new clients and
new sales. And we keep our focus on the development of new solutions, in an
effort to help our clients moving to more creative and more efficient
workflows."
Commenting on the results and perspectives, Jacques Galloy, CFO, added: "In this
third quarter, sales amounted to EURÂ 33.2 million (+69.4%), thanks to dynamic
business in our different segments. This is the seventh growing consecutive
quarter. For 2010, we expect revenues to grow by more than 35%, while the EBIT
margin should be around 50%, despite all the investment we have made in people,
to prepare our future growth. The global order book of EURÂ 29.8 million at the
end of October makes us looking at 2011 with mixed expectations: this will be an
odd year, without any major event (which represented more than EUR 10 million of
rentals in 2010), benefiting from the industry recovery, while our company
invests in innovation and expansion. Above all, 2011 has the Olympic year 2012
at the horizon."
Corporate Calendar:
Tuesday November 23, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Interim dividend - ex date
Thursday November 25, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Interim dividend - record date
Friday November 26, 2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Interim dividend - payment date
Thursday February 17, 2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â FY10 earnings
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
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 335 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 to www.evs-global.com
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 1,350 committed digital screens in 11 European
countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The
Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 50% have
already been deployed
[HUG#1463589]
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Source: EVS Broadcast Equipment via Thomson Reuters ONE