EVS Broadcast Equipment reports second quarter 2016 results
(Thomson Reuters ONE) -
Publication on August 25, 2016, before market opening
Regulated information - Press release quarterly results
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB),
Reuters (EVSB.BR)
* 2Q16 highlights
* Revenue of EUR 39.8 million, +67.6% compared to low 2Q15 (excl. event
rentals and at constant currency)
* Stable recurring Opex (reported opex down by 3.0% compared to 2Q15,
which included some one-time extra cost)
* EBIT margin of 43.7%, net profit of EUR 12.6 million, EPS of EUR 0.93
* 1H16 highlights
* Revenue of EUR 66.6 million, +37.2% compared to 1H15 (excl. event
rentals and at constant currency) thanks to a strong 2Q16.
* Operating expenses under control (+0.5% compared with 1H15)
* EBIT margin of 37.4% due to high sales (or 35.8% EBIT margin excluding
other revenues)
* Net profit of EUR 17.5 million, EPS of EUR 1.29
* 2016 outlook
* Order book of EUR 41.4 million on August 24, 2016 (to be invoiced in
2016), which includes EUR 8.3 million for big event rentals
* +12.5% compared to 2015; +1.2% vs last big events year (2014)
* Revenue in 2016 is expected to be between EUR 128 million and EUR 138
million (incl. around EUR 12 million of big event rentals)
* Stable to slight opex growth in 2016
KEY FIGURES
Unaudited EUR millions, except earnings per Reviewed
share expressed in EUR
2Q16 2Q15 2Q16/2Q15 1H16 1H15 1H16/1H15
39.8 23.3 +70.7% Revenue 66.6 47.4 +40.5%
30.7 15.5 +97.8% Gross margin 49.7 32.8 +51.6%
77.3% 66.7% - Gross margin % 74.6% 69.1% -
17.4 1.9 N/A Operating profit - EBIT 24.9 7.4 N/A
43.7% 8.2% - Operating margin - EBIT % 37.4% 15.6% -
12.6 0.7 N/A Net profit (Group share) 17.5 5.5 N/A
0.93 0.05 N/A Basic earnings per share (Group 1.29 0.41 N/A
share)
COMMENTS
"The big sporting events of this summer in France and Brazil pushed the
boundaries in terms of viewer experience and excitement, scale and increased
production flexibility. EVS has once more demonstrated its leading capabilities
in terms of remote production, 4K, IP and multiplatform delivery", said Muriel
De Lathouwer, Managing Director and CEO of EVS.
Commenting on the results and prospects, Yvan Absil, CFO, said: "Our second
quarter sales were strong in all regions, in the context of this big event year.
Thanks to the high sales and the costs that remain under control, the EBIT
margin for the quarter was 43.7%, and the EPS EUR 0.93. The order book remains
at a good level. For 2016, we now expect revenue to be between EUR 128 million
and EUR 138 million, including around EUR 12 million of rentals from big events
(the remaining EUR 8 million will be booked in 3Q16), and stable or slightly
higher opex compared to 2015."
Conference call
EVS will hold a conference call in English today at 3:30 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), +1 646 851 2407 (United States)
Conference call ID: 959744
Corporate Calendar:
Thursday August 25, 2016: 2Q16 results
September 9-13: IBC tradeshow (Amsterdam, NL)
Thursday November 10, 2016: 3Q16 results
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For more information, please contact:
Yvan ABSIL, 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. 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/2037104/758968.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EVS Broadcast Equipment via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2016 - 06:30 Uhr
Sprache: Deutsch
News-ID 491021
Anzahl Zeichen: 8187
contact information:
Town:
Seraing
Kategorie:
Business News
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