EVS Broadcast Equipment reports second quarter 2015 results
(Thomson Reuters ONE) -
Publication on August 27, 2015, before market opening
Regulated information - Press release quarterly results
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB),
Reuters (EVSB.BR)
* 1H15 highlights
* Revenue of EUR 47.4 million, -28.0% excl. event rentals and at constant
currency
* Performance in line with expectations in Americas and APAC, continued
soft performance in EMEA with expected higher 2H15 in that region, as
confirmed by the order book
* Operating expenses under control (-2.3% at constant currency compared
with 1H14)
* EBIT margin of 15.6% due to low sales, net profit of EUR 5.5 million,
EPS of EUR 0.41
* 2Q15 highlights
* Revenue of EUR 23.3 million, -35.8% excl. event rentals and at constant
currency
* Decision to transfer the Chengdu development activities to the new
headquarter in Liège and close the Chengdu development center
* EBIT of EUR 1.9 million (8.2% EBIT margin) due to high proportion of fix
costs, net profit of EUR 0.7 million
* 2015 outlook
* Order book of EUR 36.8 million on August 25, 2015
* +10.2% vs. 2014 excl. big event rentals
* In addition, EUR 5.4 million order book for 2016 and beyond
* Confirmation of 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
Unaudited |EUR millions, except earnings per | Reviewed
------+-----+---------+share expressed in EUR +-----+-----+---------
2Q15 |2Q14 |2Q15/2Q14| |1H15 |1H14 |1H15/1H14
------+-----+---------+----------------------------------+-----+-----+---------
23.3| 35.6| -34.5%|Revenue | 47.4| 64.9| -26.9%
------+-----+---------+----------------------------------+-----+-----+---------
15.5| 26.7| -41.7%|Gross margin | 32.8| 48.6| -32.6%
------+-----+---------+----------------------------------+-----+-----+---------
66.7%|75.0%| -|Gross margin % |69.1%|74.9%| -
------+-----+---------+----------------------------------+-----+-----+---------
1.9| 12.9| -85.2%|Operating profit - EBIT | 7.4| 22.9| -67.7%
------+-----+---------+----------------------------------+-----+-----+---------
8.2%|36.2%| -|Operating margin - EBIT % |15.6%|35.3%| -
------+-----+---------+----------------------------------+-----+-----+---------
0.7| 8.9| -92.5%|Net profit (Group share) | 5.5| 16.0| -65.8%
------+-----+---------+----------------------------------+-----+-----+---------
0.05| 0.66| -92.5%|Basic earnings per share (Group | 0.41| 1.19| -65.9%
| | |share) | | |
COMMENTS
"Despite the continued challenging market conditions in the broadcast industry,
we maintained our strong market position and our order book and the end of
August suggests a better second half", said Muriel De Lathouwer, Managing
Director & CEO of EVS. "The industry is clearly going through a period of
uncertainty with different technology changes (such as UHD or IP-based
technologies), and our role is to bring innovative and pragmatic solutions to
help our customers going through these transitions with confidence in the
sustainability of their investment. In parallel, we continue to see progress in
our initiatives to better structure the company and control our cost. The
transfer of developments made in Chengdu to the new headquarter in Liège will
help us to further improve our R&D efficiency."
Commenting on the results and prospects, she added: "1H15 has been globally
influenced by the market conditions and the currency movements, partially offset
by the increased control on our costs. The order book is at EUR 36.8 million
(+10.2% vs 2014, excl. big event rentals), which allows us to confirm our 2015
revenue guidance, which is likely to be in the range of EUR 100-115 million.
Opex were stable in 1H15 compared to 1H14 (-2.3% at constant currency). However,
we keep the guidance for high single digit operating expenses growth in 2015 vs
2014, mainly due to the currency effects and the new building depreciation.
Finally, the recruitment of a new CFO is going on, and we plan to close it
before the end of the year."
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)20 7162 0077 (United Kingdom), +32 (0)2 290 14 07
(Belgium), +1 334 323 6201 (United States)
Conference call ID: 954598
Corporate Calendar
September 11-15, 2015: IBC tradeshow (Amsterdam)
Friday November 13, 2015: 3Q15 results
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For more information, please contact:
Muriel DE LATHOUWER, Managing Director & CEO
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. Around 500 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/1947768/707319.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EVS Broadcast Equipment via GlobeNewswire
[HUG#1947768]
Unternehmensinformation / Kurzprofil:
Datum: 27.08.2015 - 06:00 Uhr
Sprache: Deutsch
News-ID 416188
Anzahl Zeichen: 9797
contact information:
Town:
Seraing
Kategorie:
Business News
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