EVS Broadcast Equipment reports third quarter 2016 results
(Thomson Reuters ONE) -
Publication on November 10, 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)
* 3Q16 highlights
* Revenue of EUR 37.1 million +31,6% compared to 3Q15 thanks to big event
rentals (+3.6% excl. event rentals and at constant currency)
* EBIT margin of 39.7%
* Net Profit of EUR 10.5 million, EPS of EUR 0.78
* 9M16 highlights
* Revenue of EUR 103.8 million, +24.5% compared to 9M15 (excl. event
rentals and at constant currency)
* Operating expenses under control (+3.2% compared with 9M15)
* EBIT margin of 38.3% (or 37.2% EBIT margin excluding other revenues)
* Net profit of EUR 28.0 million, EPS of EUR 2.07
* Gross interim dividend of EUR 0.60 per share
* Outlook
* Order book of EUR 16.2 million on October 31, 2016 (to be invoiced in
2016)
* -14.3% vs last big events year (2014)
* Additional EUR 23.8 million orders to be invoiced in 2017 and beyond
* Revenue in 2016 is expected to be between EUR 128 million and EUR 134
million (incl. around EUR 12 million of big event rentals)
* Stable to slight opex growth in 2016
KEY FIGURES
naudited EUR millions, except earnings per Unaudited
share expressed in EUR
3Q16 3Q15 3Q16/3Q15 9M16 9M15 9M16/9M15
37.1 28.2 +31.6% Revenue 103.8 75.6 +37.2%
28.3 19.8 +43.4% Gross margin 78.0 52.5 +48.5%
76.3% 70.0% - Gross margin % 75.2% 69.4% -
14.8 7.2 +104.5% Operating profit - EBIT 40.0 14.6 +171.6%
39.7% 25.6% - Operating margin - EBIT % 38.3% 19.3% -
10.5 4.8 +118.0% Net profit (Group share) 28.0 10.3 +172.0%
0.78 0.36 +117.8% Basic earnings per share (Group 2.07 0.76 +171.7%
share)
COMMENTS
"The third quarter was clearly supported by the activity around the big sporting
events of the summer, In France and Brazil, which generated a quarterly record
amount of EUR 8.2 million rental revenue. And, as usual, the period following
these has been quieter in terms of order intake. The sporting events of this
summer also confirmed the leadership of EVS in the industry and its key role in
the experience of sports in particular", said Muriel De Lathouwer, CEO of EVS.
Commenting on the results and prospects, Yvan Absil, CFO, said: "With strong
revenue of EUR 37.1 million, our third quarter EBIT margin was close to 40%. For
2016, we see total revenue between EUR 128 million and EUR 134 million, and we
expect stable or slightly higher opex compared to 2015."
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), +1 646 851 2407 (United States)
Conference call ID: 960386
Corporate Calendar:
Tuesday November 22, 2016: interim dividend: ex-date
Wednesday November 23, 2016: interim dividend: record date
Thursday November 24, 2016: interim dividend: payment date
Thursday February 16, 2017: FY16 results
Thursday May 11, 2017: 1Q17 results
Tuesday May 16, 2017: Ordinary General Meeting
Thursday August 31, 2017: 2Q17 results
Thursday November 16, 2017: 3Q17 results
--------------------------------------------------------------------------------
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 is globally recognized as the technology leader for live video production.
The company introduced Live Slow Motion replay in 1994, and has continued to
build on its reputation for quality and reliability with solutions that enhance
live sports, entertainment and news content. Innovations - such as the C-Cast
multimedia platform and DYVI IT-based switcher - are raising the bar for live
production enrichment, management and distribution. Broadcasters, rights owners,
producers and venues alike use EVS to maximize the value of their productions
and increase revenue streams. The company is headquartered in Belgium with
around 500 employees in offices in Europe, the Middle East, Asia and North
America, and provides sales and technical support to more than 100 countries.
EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371.
For more information, please visit www.evs.com
--------------------------------------------------------------------------------
Press release in pdf format:
http://hugin.info/133958/R/2055783/769913.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: 10.11.2016 - 06:30 Uhr
Sprache: Deutsch
News-ID 506059
Anzahl Zeichen: 7762
contact information:
Town:
Seraing
Kategorie:
Business News
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