Vizrt Provides Outlook Update
(Thomson Reuters ONE) -
Bergen, Norway, July 03, 2012. Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd. today announces that the Company reduces revenue expectations for
full year 2012, due to lower than expected revenues in the past three months,
especially in EMEA and The Americas.
The Company is now estimating revenues for the second quarter 2012 to be in the
range of USD 28 million to USD 30 million, which compares to USD 32.1 million in
Q2 2011. As a result, the Company also expects EBITDA for Q2 and the full year
2012 to be impacted.
The market conditions in both regions seem to have deteriorated as a result of
the continued economic uncertainties. The main effects are slower decision
making and the postponing of larger projects by customers.
Unless market conditions will improve during the rest of the year, the company
believes that the earlier communicated revenue growth target of 13% for 2012
will have to be adjusted. Vizrt will provide further information in its second
quarter financial results release on August 09, 2012
About Vizrt:
Vizrt provides real-time 3D graphics and asset management tools for the
broadcast industry - from award-winning animations & maps to online publishing
tools. Vizrt's products are used by the world's leading broadcasters and
publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, ITN, ZDF, Star TV,
Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The
Telegraph, and Welt Online. Furthermore, many world-class production houses and
corporate institutions such as the Stock Exchanges in New York and London use
Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154.
For further information please refer to www.vizrt.com
Investors and media contacts:
Martin Burkhalter
President & CEO
+41 22 365 75 01
mbu(at)vizrt.com
Ofra Brown
CFO
+47 5351 8040
ofra(at)vizrt.com
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz(at)schwarzfinancial.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Press Release as PDF:
http://hugin.info/138784/R/1623663/519058.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: Vizrt Ltd. via Thomson Reuters ONE
[HUG#1623663]
Unternehmensinformation / Kurzprofil:
Datum: 03.07.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 161962
Anzahl Zeichen: 3119
contact information:
Town:
Bergen
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 268 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Vizrt Provides Outlook Update"
steht unter der journalistisch-redaktionellen Verantwortung von
Vizrt Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
