EVS Broadcast Equipment
PINKSHEETS : EVBEF
EURONEXT BRUSSELS : EVS

February 16, 2012 00:49 ET

EVS reports revenue and results for 2011: Record order book of EUR 46.1 million (+83%)

OUGREE, BELGIUM--(Marketwire - Feb 16, 2012) -


Publication on February 16, 2012, before market opening

Regulated information - Interim Management Report

EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

  * FY11 revenue of EUR 106.9 million, -3.8% vs. FY10 (+6.3% excluding the
    big events rentals and at constant exchange rate)
  * FY EBIT margin of 41.3% and EPS of EUR 2.38
  * 4Q11: revenue of EUR 31.0 million, +15.3% (+22.7% excluding the big
    events rentals and at constant exchange rate), EBIT margin of 41.9%
  * Record winter global order book of EUR 46.1 million at February
    15, 2012, +83%
  * Anticipation of strong 1H12 (with some traction prior to the big
    sporting events), weaker post-events 2H12



Key figures

     (unaudited)     | EUR millions, except earnings |      (audited)
-----+-----+---------+ per share expressed in EUR    +-----+-----+---------
4Q11 |4Q10 |4Q11/4Q10|                               |FY11 |FY10 |FY11/FY10
-----+-----+---------+-------------------------------+-----+-----+---------
 31.0| 26.9|   +15.3%| Revenue                       |106.9|111.2|    -3.8%
-----+-----+---------+-------------------------------+-----+-----+---------
 13.0| 11.8|   +10.1%| Operating profit - EBIT       | 44.1| 55.5|   -20.6%
-----+-----+---------+-------------------------------+-----+-----+---------
41.9%|43.9%|        -| Operating margin - EBIT %     |41.3%|50.0%|        -
-----+-----+---------+-------------------------------+-----+-----+---------
 -0.7|  0.1|      N/A| Contribution from XDC         |  2.3| -0.2|      N/A
-----+-----+---------+-------------------------------+-----+-----+---------
  7.5|  8.2|    -7.7%| Net profit - Group share      | 32.1| 38.1|   -15.7%
-----+-----+---------+-------------------------------+-----+-----+---------
  8.7|  8.4|    +4.5%| Net profit from operations,   | 31.7| 39.7|   -20.3%
     |     |         |excl. XDC - Group share(1)     |     |     |
-----+-----+---------+-------------------------------+-----+-----+---------
 0.55| 0.61|    -7.5%| Basic earnings per share      | 2.38| 2.82|   -15.5%
-----+-----+---------+-------------------------------+-----+-----+---------
 0.65| 0.62|    +4.8%| Basic earnings per share from | 2.35| 2.94|   -20.0%
     |     |         |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.


Comments

Commenting on the results and perspectives, Jacques Galloy, CFO, said: "As expected, sales in 4Q11 were higher, which allows us to record, for FY11, nearly stable sales, actually lower by 3.8% to EUR 106.9 million. The lower 41.3% EBIT margin is due to the increasing cost base as a result of additional employees during this year. We are very enthusiastic about our record order book, which prepares for a strong first half of 2012, partially driven by big sporting events. The second half of the year is more uncertain, and should be impacted by the usual market slow down following big events, the timing of the launch of expected solutions, and the macro-economic environment."

Pierre Rion, Chairman of the Board of Directors of EVS added: "Since a few weeks, we have initiated a process to hire an external CEO, in order to reinforce our existing management. In the meantime, Francis Bodson (62), Member of the Board of Directors of EVS since 12 years with a strong background of broadcast technology has joined the Executive Committee to reinforce and chair it. We expect to announce further news soon."


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 leading broadcast and media production systems for sports, news and TV entertainment. Its innovative Live Slow Motion system revolutionized live broadcasting, and its reliable and integrative tapeless solutions are now widely used for non-linear editing and 3D HD productions across the globe. 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 "XT3® 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.

The company is headquartered in Belgium and has offices in Europe, the Middle East, Asia and North America. Approximately 415 EVS professionals from 20 offices are selling its branded products in over 100 countries, and provides customer support globally. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, refer to www.evs-global.com, www.evs.tv

XDC, of which EVS owns 41.3%, is the European leader for Digital Cinema technology and services in Europe with more than 4,900 committed digital screens in Europe, out of which 2,000 have already been deployed. www.xdcinema.com


Press release in pdf format: http://hugin.info/133958/R/1586268/497106.pdf


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(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#1586268]

Contact Information

  • For more information, please contact:

    Jacques GALLOY
    Director & CFO

    Geoffroy d'OULTREMONT
    Investor Relations & Corporate Communications Manager

    EVS Broadcast Equipment S.A.
    Liège Science Park
    16 rue du Bois Saint-Jean
    B-4102 Seraing, Belgium

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