SOURCE: EVS BROADCAST EQUIPMENT

February 17, 2011 00:42 ET

EVS reports record sales in 2010, 50% EBIT margin

LIEGE, BELGIUM--(Marketwire - February 17, 2011) -



The Board proposes a total dividend of EUR 2.64 per share



  * FY10 record revenue of EUR 111.2 million, +45.2% vs. FY09 (+30.6%
    excluding the big events rentals and at constant exchange rate)
  * FY10 EBIT margin of 50.0% and strong EPS +47.5% growth to EUR 2.94
  * 4Q10: revenue up 31.3%, net result of EUR 8.2 million
  * Successful studio diversification represents 50% of FY10 and 4Q10 sales
  * Global order book of EUR 25.2 million (+8.3% excl. the big events
    rentals) at February 15, 2011
  * 2010 Gross dividend of EUR 2.64 per share (incl. the interim dividend
    of EUR 1.16)
  * 2011 prepares for stronger 2012 as industry recovers, diversification
    accelerates, London2012 tracts, while investing in innovation and
    expansion


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 ("4Q10") and 2010 ("FY10").


Key highlights

Pierre L'Hoest, CEO of EVS said: "In an environment where we saw some signs of industry recovery, mainly driven by stronger revenues for broadcasters, mixed with a need to optimize the use of existing equipments, we have been able to realize a strong performance in 2010. The crisis has reinforced the need for clients to optimize the way their workflows are designed. High definition will continue to be a strong driver for the years to come. In 2011, our focus will not change: invest in innovation, to make sure that we are able to answer to lots of different customer needs in studio, and continue to expand our operations to support the development of the company."

Commenting on the results and perspectives, Jacques Galloy, CFO, added: "In this fourth quarter, sales amounted to EUR 26.9 million (+31.3%), leading to a record year in 2010 (+45.2% to EUR 111.2 million), higher than the company guidance. EBIT margin for FY10 was slightly higher than 2009, at 50.0% of sales, in line with our guidance. For 2011, we expect to leverage on the industry recovery, and on the main drivers that remain valid. This will be an odd year, without any major event (which represented more than EUR 10 million of rentals in 2010). We are strongly investing in expansion in new niches and innovation in new solutions, having grown our headcount by 33% over the last year. Of course, this weights on our short term margins, as we do not capitalize R&D, but hopefully paves the way for future better ones, like over 2002-2005 period. Ongoing diversification, London2012 traction and future big sporting events in emerging markets will constitute other drivers for us in the future."

Corporate Calendar:
April 9-14, 2011                        NAB tradeshow, Las Vegas
Thursday May 12, 2011                   1Q11 earnings
Tuesday May 17, 2011                    Ordinary General Meeting
Thursday May 26, 2011                   Final Dividend Ex-date Coupon 12
Wednesday June 1, 2011                  Final Dividend Payment date Coupon
Thursday August 25, 2011                2Q11 earnings
Thursday November 10, 2011              3Q11 earnings



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 365 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 towww.evs- global.com or www.evs.tv

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 3,500 committed digital screens in 11 European countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 1,500 have already been deployed.




Press release in pdf format: http://hugin.info/133958/R/1489881/425443.pdf




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Source: EVS Broadcast Equipment via Thomson Reuters ONE

[HUG#1489881]

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