November 18, 2010 00:41 ET

EVS reports strong results for 3Q10

LIEGE, BELGIUM--(Marketwire - November 18, 2010) -

Revenues of EUR 33.2 million, global order book of EUR 29.8 million

* 3Q10 revenue of EUR 33.2 million, +69.4% vs. 3Q09 (+53.4% excluding the
  big events rentals and at constant exchange rate), confirming the
  momentum of the first half of the year
* 3Q10 Outside Broadcast sales up 77.9% vs. 3Q09
* 3Q10 EBIT margin of 55.0% and earnings per share more than doubled to
  EUR 0.92
* 9M10: revenue up 50.3%, EBIT margin 51.9%
* Studio represents 34.3% of 3Q10 sales and 49.7% of 9M10 sales
* Strong global order book of EUR 29.8 million (+23.1% excl. the big
  events rentals) at the end of October, incl. EUR 8.4 million to be
  invoiced in 2011 and beyond
* 2010: sales growth higher than 35% and EBIT margin around 50%
* Increased interim dividend EUR 1.16 to be paid at the end of November
* 2011 should reflect the industry recovery in a year without any major
  event, but with London 2012 at the horizon, while EVS invests 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 third quarter ("3Q10") and first nine months of 2010 ("9M10").

Key highlights

Pierre L'Hoest, CEO of EVS said: "The IBC tradeshow in Amsterdam confirmed the slow, but steady, recovery of the broadcast industry. Most of our clients are again looking at the future with more optimism. Advertising revenues are up year on year, production companies see the new technologies as drivers for their future growth. High definition is a strong driver for capturing new clients and new sales. And we keep our focus on the development of new solutions, in an effort to help our clients moving to more creative and more efficient workflows."

Commenting on the results and perspectives, Jacques Galloy, CFO, added: "In this third quarter, sales amounted to EUR 33.2 million (+69.4%), thanks to dynamic business in our different segments. This is the seventh growing consecutive quarter. For 2010, we expect revenues to grow by more than 35%, while the EBIT margin should be around 50%, despite all the investment we have made in people, to prepare our future growth. The global order book of EUR 29.8 million at the end of October makes us looking at 2011 with mixed expectations: this will be an odd year, without any major event (which represented more than EUR 10 million of rentals in 2010), benefiting from the industry recovery, while our company invests in innovation and expansion. Above all, 2011 has the Olympic year 2012 at the horizon."

Corporate Calendar:

Tuesday November 23, 2010               Interim dividend - ex date

Thursday November 25, 2010              Interim dividend - record date

Friday November 26, 2010                Interim dividend - payment date

Thursday February 17, 2011              FY10 earnings

Thursday May 12, 2011                   1Q11 earnings

Tuesday May 17, 2011                    Ordinary General Meeting

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 335 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 to

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 1,350 committed digital screens in 11 European countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 50% have already been deployed


Press release in pdf format:

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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