EVS Broadcast Equipment : EVS reports solid 201...

>     4Q13: Expected QoQ rebound leads to strong EUR 38.5 million revenue and 41.3% EBIT margin

>     FY13: Results in line with guidance
o  Revenue: EUR 129.1 million, -6.4% (+1.3% excl. event rentals and at constant currency)
o  EBIT: EUR 48.4 million (37.5% of EBIT margin), EPS of EUR 2.52

>     2014 highlights
o  The company's cautiousness on the market conditions in 2014 remains unchanged
o  Winter order book of EUR 48.2 million at February 15, 2014
>      +4.0% vs. 2013, excluding big events
>      In addition, EUR 9.6 million order book for 2015 and beyond
o  10-15% expected opex growth mainly related to investments in new technologies

>     2014: A special year with big sporting events, EVS' 20^th anniversary and the move to the new headquarter and innovation center

KEY FIGURES

Unaudited			EUR millions, except earnings per share expressed in EUR	Audited
4Q13	4Q12	4Q13/4Q12		FY13	FY12	FY13/FY12
38.5	25.6	+50.7%	Revenue	129.1	137.9	-6.4%
15.9	5.2	+206.9%	Operating profit - EBIT	48.4	61.2	-20.9%
41.3%	20.3%	-	Operating margin - EBIT %	37.5%	44.4%	-
(0.2)	0.4	N/A	Contribution from dcinex	0.1	0.4	N/A
10.7	4.4	+145.4%	Net profit - Group share	34.0	41.7	-18.5%
11.5	5.8	+100.6%	Net profit from operations, excl. dcinex - Group share (1)	36.1	44.6	-19.0%
0.80	0.32	+144.8%	Basic earnings per share	2.52	3.10	-18.7%
0.86	0.43	+100.0%	Basic earnings per share from operations, excl. dcinex (1)	2.68	3.31	-19.2%

 (1)    The net profit from operations, excl. dcinex, is the net profit (share of the group) excluding non operating items (net of tax) and the dcinex contribution. Refer to Annex 5.3: use of non-gaap financial measures.

COMMENTS

"With sales of EUR 129.1 million in 2013, we sustained the record performance of 2012, excluding the EUR 10 million rentals relating to the big sporting events in that year, despite a macro-economic environment that remained difficult in some regions during most of the year", said Joop Janssen, Managing Director & CEO of EVS. "We are particularly pleased with our performance in ENM in the last quarter, which underlines once again the positive reaction of customers to our new four-market strategy. The company continues to invest in its future growth by recruiting market specific and IT technology experts. Looking forward, 2014 will be a special year, particularly as we celebrate the 20^th anniversary of the company. EVS is also intimately involved with the many big sporting events including Sochi (Winter Olympics) and Brazil (soccer World Cup). There will be many new product launches in all 4 target markets in 2014."

Commenting on the results and prospects, Magdalena Baron, CFO, said: "As the company expected, the fourth quarter of 2013 was the strongest of the year, with sales of EUR 38.5 million. This is an increase of 50.7% compared to last year. The operating profit reached EUR 15.9 million, much higher than last years' EUR 6.6 million (excl. EUR 1.4 million repositioning costs) post Olympics low quarter, and 22.4% above the fourth quarter of 2011. The winter order book of EUR 48.2 million for sales in 2014 should be put in perspective of EVS management's prudent message regarding the continued macro-economic softness in some regions of the world. Operating expenses growth is confirmed at 10-15% for 2014, relating to the investments in new technologies, as announced in November 2013."

Corporate Calendar:

Thursday May 15, 2014: 1Q14 earnings
Tuesday May 20, 2014: Ordinary General Meeting
Thursday August 28, 2014: 2Q14 earnings
Tuesday November 18, 2014: 3Q14 earnings

For more information, please contact: Joop JANSSEN, Managing Director & CEO Magdalena BARON, CFO Geoffroy d'OULTREMONT, Vice President  Investor Relations & Corporate Communication EVS Broadcast Equipment S.A., Liege Science Park, 16 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 provides its customers with reliable and innovative technology to enable the production of live, enriched video programming, allowing them to work more efficiently and boost their revenue streams. Its industry-leading broadcast and media production systems are used by broadcasters, production companies, post-production facilities, film studios, content owners and archive libraries around the globe. It spans four key markets - Sports, Entertainment, News and Media. Founded in 1994, its innovative Live Slow Motion system revolutionized live broadcasting. Its reliable and integrated tapeless solutions, based around its market-leading XT server range, are now widely used to deliver live productions worldwide. Today, it continues to develop practical innovations, such as its C-Cast second-screen delivery platform, to help customers maximize the value of their media content. The company is headquartered in Belgium and has offices in Europe, the Middle East, Asia and North America. Approximately 486 EVS professionals from 20 offices are selling its branded products in over 100 countries, and provide customer support globally. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, please visit www.evs.com. dcinex, of which EVS owns 41.3%, is the European leader for Digital Cinema technology and services in Europe with more than 5,500 committed digital screens in Europe, out of which 3,700 have already been deployed. www.dcinex.com.

Press release in pdf format

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Source: EVS Broadcast Equipment via Globenewswire

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