EVS Broadcast Equipment reports first quarter 2015 results
(Thomson Reuters ONE) -
* 1Q15 highlights
* Revenue of EUR 24.1 million, -18.7% excl. event rentals and at constant
currency
* Growth in Americas and APAC, weak performance in EMEA mainly due to
customers delays in projects and macroeconomic environment
* Stable operating expenses vs 1Q14
* EBIT of EUR 5.5 million (22.7% EBIT margin), net profit of EUR 4.8
million, EPS of EUR 0.36
* Corporate highlights
* New segment reporting
* Ordinary General Meeting on May 19: proposal of a total gross dividend
of EUR 2.00
* 2015 outlook
* Order book of EUR 27.4 million on May 10, 2015
* -31.6% vs. 2014 excl. big event rentals
* In addition, EUR 4.2 million order book for 2016 and beyond
* 2015 guidance:
* 2015 revenue likely to be in the range of EUR 100-115 million
* Opex is expected to grow at high single digit vs 2014
KEY FIGURES
EUR millions, except earnings per share (EUR)| Unaudited
+-----+-----+-----+---------
|1Q15 |4Q14 |1Q14 |1Q15/1Q14
----------------------------------------------+-----+-----+-----+---------
Revenue | 24.1| 30.5| 29.3| -17.8%
----------------------------------------------+-----+-----+-----+---------
Gross margin | 17.2| 22.3| 22.0| -21.6%
----------------------------------------------+-----+-----+-----+---------
Gross margin % |71.4%|73.0%|74.9%| -
----------------------------------------------+-----+-----+-----+---------
Operating profit - EBIT | 5.5| 8.9| 10.0| -45.2%
----------------------------------------------+-----+-----+-----+---------
Operating margin - EBIT % |22.7%|29.1%|34.1%| -
----------------------------------------------+-----+-----+-----+---------
Net profit (Group share) | 4.8| 8.3| 7.1| -32.5%
----------------------------------------------+-----+-----+-----+---------
Basic earnings per share (Group share) | 0.36| 0.61| 0.53| -32.4%
COMMENTS
"At the recent NAB tradeshow in Las Vegas, the feedback of our customers on the
new products and solutions was very positive", said Muriel De Lathouwer,
Managing Director & CEO of EVS. "More specifically, they appreciated our
innovations and the pragmatic approach we have in the developments of our
solutions, with clear answers to their needs, such as the Dyvi video mixer.
Unfortunately, their enthusiasm, especially in Europe, still contrasts with the
challenging macro-economic environment, leading to delays in investment
projects. This being said, we will continue to invest in innovation to drive
future top line growth."
Commenting on the results and prospects, Magdalena Baron, CFO, said: "1Q 2015
revenue is down by 17.8%, which reflects the ongoing challenging market
conditions and customers delays in projects in EMEA. The absence of big events
rentals in 1Q15 (uneven year) is offset by the positive currency effect. The
order book is at EUR 27.4 million (-31.6% vs 2014, excl. big event rentals), and
2015 revenue is likely to be in the range of EUR 100-115 million. Despite the
stable Opex in 1Q15 vs 1Q14 we maintain the guidance for high single digit
operating expenses growth in 2015 vs 2014. This is due to timing effects, mainly
relating to recruitment, the new building depreciation (starting as of 2Q15) and
currency effects."
Conference call
EVS will hold a conference call in English today at 3:00 pm CET for financial
analysts and institutional investors. Other interested parties may join the call
in a listen-only mode. The presentation used during the conference call will be
available shortly before the call on the EVS website.
Dial-in numbers: +44 (0)207 1620 077 (United Kingdom), +32 (0)2 290 14 07
(Belgium), +1 334 323 6201 (United States)
Conference call ID: 953090
Corporate Calendar:
Tuesday May 19, 2015: Ordinary General Meeting
Thursday August 27, 2015: 2Q15 results
Friday November 13, 2015: 3Q15 results
-------------------------------------------------------------------------------
For more information, please contact:
Magdalena BARON, CFO
Geoffroy d'OULTREMONT, Vice President Investor Relations & Corporate
Communication
EVS Broadcast Equipment S.A., Liege Science Park, 13 rue du Bois Saint-Jean,
B-4102 Seraing, Belgium
Tel: +32 4 361 70 14. E-mail:corpcom(at)evs.com; www.evs.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
EVS provides its customers with reliable and innovative technology to enable
the production of live, enriched video programming, allowing them to work more
efficiently and boost their revenue streams. Its industry-leading broadcast
and media production systems are used by broadcasters, production companies,
post-production facilities, film studios, content owners and archive libraries
around the globe. It spans four key markets - Sports, Entertainment, News and
Media.
Founded in 1994, its innovative Live Slow Motion system revolutionized live
broadcasting. Its reliable and integrated tapeless solutions, based around its
market-leading XT server range, are now widely used to deliver live
productions worldwide. Today, it continues to develop practical innovations,
such as its C-Cast second-screen delivery platform, to help customers maximize
the value of their media content.
The company is headquartered in Belgium and has 20 offices in Europe, the
Middle East, Asia and North America. A total of 508 EVS professionals sell its
branded products in over 100 countries, and provide customer support globally.
EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371.
For more information, please visit www.evs.com.
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Press release in pdf format:
http://hugin.info/133958/R/1920694/688144.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 GlobeNewswire
[HUG#1920694]
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2015 - 06:30 Uhr
Sprache: Deutsch
News-ID 392405
Anzahl Zeichen: 8797
contact information:
Town:
Seraing
Kategorie:
Business News
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