SOURCE: EVS BROADCAST EQUIPMENT

February 11, 2010 01:03 ET

EVS reports 2009 sales and results

LIEGE, BELGIUM--(Marketwire - February 11, 2010) -


Solid winter order book anticipating a stronger 2010

* FY09 revenue of EUR 76.6 million, -30.8% vs. FY08 (-25.9% at constant exchange rate and excluding the big events rentals), and a continued improvement compared to the last three quarters

* FY09 EBIT margin of 48.7% and earnings per share of EUR 1.88

* 4Q09 sales of EUR 20.5 million and EPS of EUR 0.69

* Global winter order book of EUR 27.2 million (+95.9%) as of January 31

* 2010 supported by major sporting events and large studio projects

* Expectation of double digit sales growth for 2010


Liège (Belgium), February 11, 2010, 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 fourth quarter ("4Q09") and the full year 2009 ("FY09").

Key highlights

Pierre L'Hoest, CEO of EVS said: "This year has been a challenging year for the entire broadcast industry, including for EVS. But what I want to keep in mind from 2009 is our continued focus on strengthening the organization by hiring new highly skilled people, and our commitment to the further development of our product portfolio in the outside broadcast market, but also in the studio segment. The recent contracts in that matter (such as Sky News) reflect the success of that strategy. Our focus in 2010 will stay the same: strengthening our position in outside broadcast market and enlarging our market potential in the studio segment by concretizing new product developments."

Commenting on the results and perspectives, Jacques Galloy, CFO added: "In 2009, we have booked EUR 76.6 million sales, lower by 30.8% compared to 2008. This is however better than expected early 2009. Tough market conditions weighted on the overall broadcast solutions industry. Despite lower sales, EVS yielded EUR 25.4 million net profit. From last summer onwards, we have restarted recruitment to accelerate innovation and gain momentum. EVS experiences some nice traction for orders, especially in the more competitive segment. XDC contribution to EVS results tends towards break-even, also thanks to a EUR 1.3 million dilution profit on the new 41.3% EVS stake. 2010 shall be a stronger year also due to big sporting events".


+---------------------+-----------------------------+---------------------+
|     (unaudited)     |IFRS - EUR millions, except  |      (audited)      |
+-----+-----+---------+earnings per share expressed +-----+-----+---------+
|4Q09 |4Q08 |4Q09/4Q08|in EUR                       |FY09 |FY08 |FY09/FY08|
+-----+-----+---------+-----------------------------+-----+-----+---------+
| 20.5| 13.6|   +50.0%| Revenue                     | 76.6|110.7|   -30.8%|
+-----+-----+---------+-----------------------------+-----+-----+---------+
| 10.6|  4.6|  +127.7%| Operating profit - EBIT     | 37.2| 68.4|   -45.5%|
+-----+-----+---------+-----------------------------+-----+-----+---------+
|51.7%|34.0%|        -| Operating margin - EBIT %   |48.7%|61.8%|        -|
+-----+-----+---------+-----------------------------+-----+-----+---------+
|  0.3|(0.3)|      N/A| Contribution from 47.2% XDC |(1.7)|(2.4)|   +30.0%|
|     |     |         |affiliate                    |     |     |         |
+-----+-----+---------+-----------------------------+-----+-----+---------+
|  1.3|    -|        -|Dilution profit relating to XDC 1.3|    -|        -|
+-----+-----+---------+-----------------------------+-----+-----+---------+
|  9.4|  1.9|      N/A| Net profit - Group share    | 25.4| 45.2|   -43.8%|
+-----+-----+---------+-----------------------------+-----+-----+---------+
|  7.8|  2.2|      N/A| Net profit from operations, | 26.7| 48.4|   -44.7%|
|     |     |         | excl.XDC - Group share (1)  |     |     |         |
+-----+-----+---------+-----------------------------+-----+-----+---------+
| 0.69| 0.14|      N/A| Basic earnings per share    | 1.88| 3.33|   -43.7%|
+-----+-----+---------+-----------------------------+-----+-----+---------+
| 0.58| 0.17|      N/A| Basic earnings per share from 1.97| 3.56|   -44.7%|
|     |     |         |operations, excl. XDC (1)    |     |     |         |
+-----+-----+---------+-----------------------------+-----+-----+---------+

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

Corporate Calendar:
February 12-28, 2010             Winter Olympics, Vancouver
Thursday April 15, 2010          Extraordinary General Meeting
April 10-15, 2010                NAB tradeshow, Las Vegas
Tuesday May 11, 2010             1Q10 results
Tuesday   May  18, 2010          Combined  Ordinary  and  Reported
                                 Extraordinary General Meeting
Thursday July 15, 2010           Trading update on 2Q10 revenue
Thursday August 26, 2010         2Q10 results


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 Ougree (Liège), Belgium
Tel: +32 4 361 70 14. 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 275 persons in 14 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, Channel One, Channel7, RAI, TVE, NEP, MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use EVS' solutions.

EVS 41,3% affiliate XDC is the European leader for Digital Cinema technology and services in Europe with more than 1,350 committed digital screens in 11 European countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 50% have already been deployed

Press release in pdf format: http://hugin.info/133958/R/1383221/342021.pdf

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