EVS Broadcast Equipment
PINKSHEETS : EVBEF
BRUX : EVS

May 12, 2011 01:00 ET

EVS reports revenue and results for 1Q11

Revenue growth of 20% excl. big events rentals

LIEGE, BELGIUM--(Marketwire - May 12, 2011) -


--  1Q11 revenue of EUR 22.7 million, +8.7% vs. 1Q10 (+19.7% at constant
    exchange rate and excluding the big events rentals)
--  Successful TV Studio diversification, representing 50% of sales
--  1Q11 EBIT margin of 39.8% and earnings per share of EUR 0.64
--  Global spring order book of EUR 23.3 million as of May 10, 2011
--  Good feed-back from NAB and many new products under development
--  2011 revenues could equal 2010 with H2 quite stronger than H1
--  Total gross dividend of EUR 2.64 proposed at the General Meeting of
    May 17

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 first quarter of 2011 ("1Q11").

Key highlights

Pierre L'Hoest, CEO of EVS said: "Usually, the first quarter in our industry is a little bit quiet. Signals from the industry continue to be mixed, with a nice success at the last NAB tradeshow in Las Vegas, strong results from some broadcasters and cautious statements from some others. The feedback on the recent launch of the XT3 platform has been good, and we will start delivering it next July. In the meantime, our teams work on further developments that will mature later this year or in 2012. Our industry is evolving fast, and we aim at staying one of the pioneers in this evolution."

Commenting on the results and perspectives, Jacques Galloy, CFO added: "In the first quarter of 2011, sales reached EUR 22.7 million, or +19.7% at constant exchange rate and excluding the one-off big events rentals related to the Vancouver Olympics early 2010. Orders during the 1Q11 met our earlier expectations with around 50% coming from the promising studio segment. Usual business seasonality and new product releases calendar call for a stronger second half of the year, leading to 2012. Both innovation and business expansion generate growing opex by around 15% compared to 2010. Next year shall benefit from big sporting events and the current developments leveraging our position in studio niches (estimated to exceed USD 3 billion)."


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 375 persons (FTE) in 16 countries and sells its products to professionals of the video and audio sectors in more than 100 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.

XDC, of which EVS owns 41.3%, is the European leader for Digital Cinema technology and services in Europe with more than 3,800 committed digital screens in 11 European countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 2,000 have already been deployed. www.xdcinema.com

Press release in pdf format:

http://hugin.info/133958/R/1514827/450967.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(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

[HUG#1514827]

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 Ougree (Liege),
    Belgium

    Tel: +32 4 361 70 14
    E-mail: Email Contact
    www.evs-global.com