EVS reports record revenue and profits in 2008 ...
* Record FY08 revenue of EUR 110.7 million, +16.9% vs. FY07 (+19.0%
at constant exchange rate), including EUR 9.0 million rentals
relating to big sporting events
* Europe up 42.0%, Asia & Pacific up 6.4%, America down 9.3% (-2.7%
at constant exchange rate) compared to FY07
* EBIT margin of 61.8% for FY08 and net result of EUR 45.2 million
* 4Q08 sales down 49.8% to EUR 13.6 million and EBIT margin of
34.0% for 4Q08
* Healthy balance sheet, with a net cash position representing 51%
of total assets
* Winter order book of EUR 17.0 million, down 51.4% vs 2008, with
some improving trend in last months compared to weak October
* Very limited visibility on 2009 but focus on market share growth
in studio and 2010 sporting events
* Amount of the final dividend to be determined in April
Liège (Belgium), February 19, 2009, 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 full year ("FY08") and the fourth
quarter ("4Q08") of 2008.
Key highlights
Pierre L'Hoest, CEO of EVS said: "2008 will leave us with mixed
feelings: the first nine months of the year were so strong. I want to
specifically thank our teams for their endless involvement,
especially before and during the big events of this summer, our
clients for their continued trust in our solutions, and all the EVS
operators, who work daily in the field demonstrating the strengths of
our products on live productions. The last quarter of 2008 was
obviously hurt by the economic and financial crisis. However, we are
convinced that our strategy is right, and that the structural long
term drivers that have contributed to the success of EVS are still
valid for the future: tapeless transition, higher TV production
effectiveness requirements, high definition and more diversified TV
sports. In 2009, we will focus on accelerating the development of new
solutions and products to improve the workflow efficiency of our
customers in the studio segment and on optimizing our organizational
processes."
Commenting on the results and perspectives, Jacques Galloy, CFO
added: "We have achieved a very strong 2008 with sales topping EUR
110 million and net result exceeding EUR 45 million. However, as
expected, the 4th quarter was weak on the back of both some usual
rebalance of the server market following big sporting events and the
media industry turbulences associated with the gloomy economic
environment and the financial crisis. Media and events driven
customers have been very prudent with their recent investments. 2009
is an odd year without any major sporting event while 2010 should be
another good year. Whether the economic downturn might affect our
business over time will depend on the depth and length of the
downturn. We believe that EVS should become stronger when recovery
appears given both our solid balance sheet, our continued investment
in R&D and our good market position."
Corporate Calendar:
April 18-23, 2009: NAB Trade Fair in Las Vegas (USA)
Thursday May 14, 2009: 1Q09 revenue & earnings
Tuesday May 19, 2009: Combined Ordinary and Extraordinary
Shareholders Meeting
Thursday July 16, 2009: Trading update on 2Q09 revenue
Thursday August 27, 2009: 2Q09 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. - Fax: + 32 4 361 70 89 - 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 235
persons in 12 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, Channel7, RAI, TVE, NEP,
MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use EVS'
solutions.
EVS 47,2% affiliate XDC is pioneering Digital Cinema Logistics and
Play-out and operates between the movies distributors and exhibitors.
XDC has installed more than 400 digital screens throughout Europe in
Germany, Sweden, France, Austria, Portugal, UK, Belgium, etc.
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