EVS Broadcast Equipment reports first quarter 2...

Publication on May 12, 2016, before market opening
Regulated information - Press release quarterly results
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
  

• 1Q16 highlights
  • Revenue of EUR 26.9 million, +11.4% compared to 1Q15 (+10.4% excl. event rentals and at constant currency)
  • Strong quarter in Americas and APAC,
  • EBIT of EUR 7.6 million (28.1% EBIT margin, or 24.3% EBIT margin excluding other revenues)
  • Net profit of EUR 4.9 million, EPS of EUR 0.36

• 2016 outlook
  • Order book of EUR 53.8 million on May 10, 2016 (to be invoiced in 2016), which includes EUR 10.8 million for big event rentals
    • + 96.2% compared to 2015; +19.8% vs last big events year (2014)
  • Revenue in 2016 is expected to be between EUR 120 million and EUR 140 million (incl. around EUR 11 million of big event rentals)
  • Controlled opex growth in 2016

KEY FIGURES

EUR millions, except earnings per share (EUR)	Unaudited
	1Q16		1Q15	1Q16/1Q15
Revenue	26.9		24.1	+11.4%
Gross margin	18.9		17.2	+9.9%
Gross margin %	70.5%		71.4%	-
Operating profit - EBIT	7.6		5.5	+37.9%
Operating margin - EBIT %	28.1%		22.7%	-
Net profit (Group share)	4.9		4.8	+1.4%
Basic earnings per share (Group share)	0.36	0.36			+1.3%

COMMENTS

"The recent NAB show confirmed that the key growth drivers of the broadcast industry are 4K, IP and multiplatform delivery", said Muriel De Lathouwer, Managing Director & CEO of EVS. "But it also highlighted that the adoption of these new technologies will happen over years. EVS actively supports customers in these different transitions. The AIMS alliance (Alliance for IP Media Solutions), of which EVS is an active member, clearly helps making progress in the transition to IP."

Commenting on the results and prospects, Yvan Absil, CFO, said: "Our first quarter sales were in line with our expectations and we delivered a strong order book in the context of a big event year. Revenue was supported by good performance in the Americas and APAC regions. For 2016, we expect revenue to be between EUR 120 million and EUR 140 million, including around EUR 11 million of rentals from big events. We entered 2016 with the same disciplined approach to cost management. The EBIT margin for the quarter was 28.1% (24.3% excluding other revenues), and the EPS EUR 0.36."

Conference call
EVS will hold a conference call in English today at 3:00 pm CET for financial analysts and institutional investors. Other interested parties may join the call in a listen-only mode. The presentation used during the conference call will be available shortly before the call on the EVS website.

Dial-in numbers: [phone] (United Kingdom), [phone] (Belgium), [phone] (United States)
Conference call ID: 958686

Corporate Calendar:
Tuesday May 17, 2016: Ordinary General Meeting
Tuesday May 24, 2016: final dividend - ex-date
Wednesday May 25, 2016: final dividend - record-date
Thursday May 26, 2016: final dividend - pay-date
Thursday August 25, 2016: 2Q16 results
Thursday November 10, 2016: 3Q16 results

For more information, please contact:   Yvan ABSIL, CFO Geoffroy d'OULTREMONT, Vice President  Investor Relations & Corporate Communication EVS Broadcast Equipment S.A., Liege Science Park, 13 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 20 offices in Europe, the Middle East, Asia and North America. Around 500 EVS professionals sell 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.

Press release in pdf format

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Source: EVS Broadcast Equipment via Globenewswire

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