SOURCE: EVS BROADCAST EQUIPMENT

May 14, 2008 22:00 ET

EVS Reports 28% Revenue Growth and Record Profit for the First Quarter 2008

OUGRÉE, BELGIUM--(Marketwire - May 14, 2008) -


REGULATED INFORMATION

* Strong 1Q08 revenue of EUR 25.4 million, +27.8% vs. 1Q07 (+32.7% at constant exchange rate)

* Europe up 109.8%, Asia & Pacific down 15.7%, America down 15.1% (-2.9% at constant exchange rate) over 1Q08

* 1Q08 EBIT of EUR 17.1 million, +32.0% vs. 1Q07

* Record 1Q08 EPS (basic) of EUR 0.86, up +37.1% or +38.9% excluding XDC

* Strong spring order book as of April 30 of EUR 34.4 million, +104%

* Studio represents 47.2% of that order book (with longer leadtime)

* Order book contains EUR 6.5 million rentals for Euro2008 (Q2) and Olympics (Q3)

* 2008 guidance: growth compared to 2007, driven by the big sport events

* Gross total dividend of EUR 2.28 per share to be proposed at the General Meeting.

Liège (Belgium), May 15, 2008, EVS Broadcast Equipment S.A. (BRUX: EVS) (PINKSHEETS: EVBEF), the leader in Professional Digital Video applications for Live, Near-Live and Studio TV Production, reports today its results for the first quarter 2008 ("1Q08").

Key Highlights

Pierre L'Hoest, CEO of EVS said: "We are very happy with the development of our business in the first few months of the year. Not only our sales for the first quarter were robust, but the spring order book of EUR 34.4 million is the evidence of the dynamism of EVS on its two key markets, the outside broadcast vans and the studio productions. While most of the people are focused on the two big sporting events of this summer, it is key to understand that our underlying key growth drivers such as the tapeless transition and the shift towards HDTV will continue to sustain our sales, while the big events mainly represent triggers for our clients. The latest developments showcased by EVS during the recent NAB show in Las Vegas were highly appreciated by the professionals of the industry, with a particular focus on the native HD interoperability between EVS and the two post-production leaders Avid and Apple. We are convinced that these developments will continue to create new opportunities for EVS, especially in the studio production segment."

Commenting on the results, Jacques Galloy, CFO said: "While growing sales, we gear up the company for the future. On one side, we have hired 40 new employees over the last 12 months, increasing our headcount by 24%, mainly in R&D, international operations and new products management. On the other side, we expand and structure our organization, focusing on customer service and support. Despite the weakness of the US dollar, we have booked a record quarterly net profit of EUR 11.7 million, up 36.5% compared to 1Q07. We are pleased to reward our shareholders by proposing a total gross dividend of EUR 2.28 next May, including the gross interim dividend of EUR 0.80 paid out last November".

The full press is available on www.evs-global.com

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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
    www.evs-global.com