EVS Broadcast Equipment

August 25, 2011 00:59 ET

EVS reports revenue and results for 2Q11 and 1H11

Confirmation of FY2011 expectations

LIEGE, BELGIUM--(Marketwire - Aug 25, 2011) -

--  2Q11 revenue of EUR 23.4 million, slightly higher than 1Q11 but -22.4%
    vs. 2Q10 (-8.1% excluding the big events rentals and at constant
    exchange rate)
--  As expected, weaker seasonal 2Q11 EBIT margin of 35.0% and EPS of EUR
--  1H11: revenue down 9.7% (flat excluding the big events rentals and at
    constant exchange rate), net result of EUR 14.5 million
--  Studio diversification continues: 45% of sales and 42% of orders in
--  High global order book of EUR 34.3 million (-3% excl. the big events
    rentals) at August 24, 2011, on the back of quite strong May and June
--  2011 revenues could equal 2010, with stronger H2 - EBIT margin to
    recover in H2

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 second quarter ("2Q11") and first half of 2011 ("1H11").

Key highlights

Pierre L'Hoest, CEO of EVS said: "We clearly continue to feel that there is a strong need to invest in new technologies and new workflows. More than ever, the switch to high definition is driving investment decisions, and the upcoming London Olympics are also pushing new investments. As an example, some major rental companies recently invested in the new XT3 servers, through upgrades or additions to their existing portfolio. The first XT3 servers have been delivered in July, as expected. The market is reacting very positively to the new features and is waiting for the next developments to be released at the end of 2011 and during 2012. In 2011, while the macro-economic environment remains, more than ever, uncertain, 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: "2Q11 sales (EUR 23.4 million) were slightly higher than in 1Q11. More than ever, this quarter underlines the volatility of our figures on a quarterly basis, with strong segment fluctuations. Higher operating expenses and mainly the seasonal and significant NAB tradeshow expenses led to a 35.0% EBIT margin. The order book looks promising, on the back of very strong May and June months. Hence, the Board remains confident that, for 2011, revenue could equal the record level of 2010, even though this is an odd year, without any major event, which represented more than EUR 10 million of rentals in 2010."

Corporate Calendar:

September 9-13, 2011 IBC trade fair in Amsterdam (NL)

Thursday November, 3, 2011 Extraordinary General Meeting

Thursday November 10, 2011 3Q11 earnings

Thursday February 16, 2012 FY11 earnings

Thursday May 10, 2012 1Q12 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 388 persons 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 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.

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.

Press release in pdf format:


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


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