August 27, 2009 00:39 ET

EVS Broadcast - second quarter results and summer order book; another sequential improvement

LIEGE, BELGIUM--(Marketwire - August 27, 2009) -

  * 2Q09 revenue of EUR 18.7 million, -45.8% vs. 2Q08 (-47.9% at
    constant exchange rate), but a sequential improvement compared to
    4Q08 (+36.8%) and 1Q09 (+4.7%)
  * Resilient EBIT margin of 44.3%
  * 2Q09 earnings per share of EUR 0.37
  * Healthy balance sheet with net cash position of EUR 37.7 million
    at June 30, 2009
  * Summer order book of EUR 23.6 million, underlying improving
    business trends

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 second quarter ("2Q09") and the first half ("1H09") of 2009.

Key highlights

Pierre L'Hoest, CEO of EVS said: "The last few months have been challenging for the broadcast industry. Lower spending due to project delays, financing issues or lower advertising revenues have impacted a lot of manufacturers in our industry, including EVS. But this summer has seen more discussions with the clients, and the upcoming IBC tradeshow in Amsterdam should confirm this trend. And, as we live in a fast moving industry, it is important that we continued to develop and launch new solutions that will bring the clients to the next level."

Commenting on the results and perspectives, Jacques Galloy, CFO added: "The global economic environment will continue to weigh on our business performance this year. Despite much lower sales, we have managed to control our costs during the downturn, delivering 47.6% EBIT margin over the first six months. Even though we expect a slightly better second half, it is clear that both revenues and profits will be much lower in 2009 than in record year 2008. All our drive is focused on 2010 and beyond."

Corporate Calendar:
September  10-15,  2009             IBC  Trade  Fair   in
Amsterdam (NL)
Thursday November 12, 2009          3Q09 earnings
Thursday February 11, 2010          FY09 earnings
Tuesday May 11, 2010                1Q10 earnings
Tuesday May  18,  2010              Combined  Ordinary  and Extraordinary
                                    General Meeting

For more information, please contact:
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Investor Relations & Corporate  Communications
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:;

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 240 persons in 13 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 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 500 digital screens throughout Europe in Germany, Sweden, France, Austria, Portugal, UK, Belgium, etc.

Press release in pdf format:

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