EVS Broadcast Equipment
Brussels : EVS

November 10, 2011 00:54 ET

EVS Broadcast Equipment reports revenue and results for 3Q11

LIEGE, BELGIUM--(Marketwire - Nov 10, 2011) -

  * 3Q11 revenue of EUR 29.8 million, -10.2% vs. 3Q10 (-1.6% excluding the
    big events rentals and at constant exchange rate)
  * Sequentially stronger 3Q11 EBIT margin of 46.6% and EPS of EUR 0.74
  * 9M11: revenue down 9.9% (+1.0% excluding the big events rentals and at
    constant exchange rate), EBIT margin of 41.0%
  * Strong autumn global order book of EUR 34.5 million (+10.8% excl. the
    big events rentals) at October 31, 2011, including EUR 21.5 million to
    be invoiced in 2011
  * Confirmation of the 2011 sales and EBIT margin guidance
  * Stronger 2012 to benefit from big sporting events and further products
    developments in studio niches
  * Interim dividend of EUR 1.16 per share to be paid in December

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 ("3Q11") and first nine months of 2011 ("9M11").

Key highlights

Commenting on the results and perspectives, Jacques Galloy, CFO, added: "In 3Q11, sales amounted to EUR 29.8 million, leading to slightly higher sales in the first nine months of 2011 at constant exchange rate and excluding the big event rentals. As anticipated, the operating margin improved sequentially to 46.6%, mainly thanks to higher revenues and despite our investment in innovation as our operating expenses increased by +11.4% in 3Q11 vs. 3Q10. Recently, we confirmed the largest deal in the history of EVS, with more than EUR 10 million for the equipment of 12 OB vans in Russia. We also signed the rental contract for the Olympic Games in London next year. The Board confirms 2011 sales to near 2010 record before a stronger 2012 and has decided to pay an interim dividend of EUR 1.16 per share later in December."

Pierre Rion, Chairman of the Board of Directors of EVS said: "The internal process to better structure EVS to accompany the growth of the company is progressing well. We will communicate on the new structure at the latest in January 2012."

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 leading broadcast and media production systems for sports, news and TV entertainment. Its innovative Live Slow Motion system revolutionized live broadcasting, and its reliable and integrative tapeless solutions are now widely used for non-linear editing and 3D HD productions across the globe. 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 "XT3® 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.

The company is headquartered in Belgium and has offices in Europe, the Middle East, Asia and North America. Approximately 400 EVS professionals from 20 offices are selling its branded products in over 100 countries, and provides customer support globally. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, refer to www.evs-global.com, www.evs.tv

XDC, of which EVS owns 41.3%, is the European leader for Digital Cinema technology and services in Europe with more than 4,900 committed digital screens in Europe, out of which 2,000 have already been deployed. www.xdcinema.com

Press release in pdf format: http://hugin.info/133958/R/1562715/484233.pdf

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(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: EVS Broadcast Equipment via Thomson Reuters ONE


Contact Information

  • 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: Email Contact