EVS Broadcast Equipment : record quarter in 2Q12 - 2012 guidance increase
(Thomson Reuters ONE) -
* Record revenue in 2Q12: EUR 42.8 million, +82.9% vs. 2Q11
* 2Q12 EBIT margin of 54.2% and EPS of EUR 1.18
* 1H12: revenue of EUR 72.9 million, +58.1% (+49.0% excluding the big events
rentals and at constant exchange rate), EBIT margin of 50.4%
* Record summer global order book of EUR 48.0 million at August
29, 2012, +31.6%
* Supported by the Summer Games and strong business, 2H12 looks better than
expected
* With more than EUR 120 million secured sales at august 29 for FY12, record
sales expected to grow by more than 25% in FY12
* Operating expenses and EBIT are expected to grow by around 13-16% and 40%,
respectively
Key figures
(unaudited) |EUR millions, except earnings per | (reviewed)
-----+-----+---------+share expressed in EUR +-----+-----+---------
2Q12 |2Q11 |2Q12/2Q11| |1H12 |1H11 |1H12/1H11
-----+-----+---------+------------------------------------+-----+-----+---------
42.8| 23.4| +82.9%| Revenue | 72.9| 46.1| +58.1%
-----+-----+---------+------------------------------------+-----+-----+---------
23.2| 8.2| +183.4%| Operating profit - EBIT | 36.8| 17.2| +113.7%
-----+-----+---------+------------------------------------+-----+-----+---------
54.2%|35.0%| -| Operating margin - EBIT % |50.4%|37.3%| -
-----+-----+---------+------------------------------------+-----+-----+---------
0.0| -0.1| N/A| Contribution from dcinex | 0.0| 2.5| N/A
-----+-----+---------+------------------------------------+-----+-----+---------
15.9| 5.7| +181.0%| Net profit - Group share | 24.6| 14.5| +69.5%
-----+-----+---------+------------------------------------+-----+-----+---------
16.7| 6.6| +153.6%| Net profit from operations, excl. | 25.6| 13.1| +95.5%
| | |dcinex - Group share( (1)) | | |
-----+-----+---------+------------------------------------+-----+-----+---------
1.18| 0.42| +181.4%| Basic earnings per share | 1.83| 1.08| +69.9%
-----+-----+---------+------------------------------------+-----+-----+---------
1.24| 0.49| +154.0%| Basic earnings per share from | 1.91| 0.97| +96.0%
| | |operations, excl. dcinex ((1)) | | |
1. The net profit from operations, excl. dcinex, is the net profit (share of
the group) excluding non operating items (net of tax) and the dcinex
contribution. Refer to Annex 5.3: use of non-gaap financial measures.
Comments
Commenting on the results and perspectives, Jacques Galloy, CFO, said: "This
quarter is awesome. This is the best quarter in the history of our company at
sales level. High market demand for our solutions resulted in a jump of 83% of
2Q12 sales to EUR 42.8 million, partially in relation with the Euro soccer 2012
but mainly due to market share gains. This growth is a fact in all our regions
and market segments, despite a macro-economic environment that remained
uncertain. Higher EBIT margin of 54.2% has been achieved thanks to higher sales
leverage and good cost control, even though we continue to reinforce some of our
teams in a selective way around the globe. This record first half year, combined
with a high order book, anticipates a very strong 2012 year. Even though we
expect the usual slow down that follows large sporting events, it is now clear
that the second half of the year will be better than anticipated at the
beginning of the year with full year sales growing by more than 25% while
operating expenses should grow by around 13-16%, implying results growth around
40%. Last, we remain cautious for uneven year 2013, without big sporting
events".
Pierre Rion, Chairman of the Board of Directors of EVS added: "I'm very proud of
what our teams have achieved during this summer. Being involved in big sporting
events is always a great challenge. And these events are only the visible part
of the iceberg, as usual business goes on. We are also very happy to welcome
Joop Janssen, our new CEO, in a few days. This is the beginning of a new era for
EVS, based on the strong fundamentals that have been built over the years. Our
current management team is strong, and Joop will bring even more experience to
it".
Corporate Calendar:
Thursday August 30, 2012: 2Q12 earnings
Friday August 31, 2012: Postponed Extraordinary General Meeting
September 7-11, 2012: IBC trade faire in Amsterdam (NL)
Thursday November 15, 2012: 3Q12 earnings
Thursday February 21, 2013: FY12 earnings
Thursday May 16, 2013: 1Q13 earnings
Tuesday May 21, 2013: Ordinary General Meeting
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 Seraing, Belgium
Tel: +32 4 361 70 14. E-mail: corpcom(at)evs.tv; www.evs-global.com
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 435 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
dcinex, 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.dcinex.com.
Press release in pdf format:
http://hugin.info/133958/R/1637180/526325.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#1637180]
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2012 - 06:33 Uhr
Sprache: Deutsch
News-ID 178951
Anzahl Zeichen: 9652
contact information:
Town:
Seraing
Kategorie:
Business News
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