EVS Broadcast Equipment reports 2016 results
(Thomson Reuters ONE) -
Publication on February 16, 2017, before market opening
Regulated information - Press release annual results
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB),
Reuters (EVSB.BR)
* FY16 highlights
* Revenue of EUR 130.8 million, +1.7% compared to FY15 (excl. event
rentals and at constant currency)
* Operating expenses under control (+0.3% compared to FY15)
* EBIT margin of 35.3% (34.3% EBIT margin excluding the impact of other
income)
* Net profit of EUR 32.8 million, EPS of EUR 2.43
* 4Q16 highlights
* Revenue of EUR 27.0 million -37.3% compared to a record 4Q15 (excl.
event rentals and at constant currency)
* EBIT margin of 24.0%
* Net Profit of EUR 4.9 million, EPS of EUR 0.36
* Outlook
* Order book of EUR 36.2 million on February 15, 2017 (to be invoiced in
2017)
* -15.4% vs last year, excl. big event rentals
* Additional EUR 17.6 million orders to be invoiced in 2018 and beyond,
including EUR 8.2 million of big events rentals
KEY FIGURES
+---------------------+----------------------------------+---------------------+
| Unaudited |EUR millions, except earnings per | Audited |
+-----+-----+---------+share expressed in EUR +-----+-----+---------+
|4Q16 |4Q15 |4Q16/4Q15| |FY16 |FY15 |FY16/FY15|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 27.0| 42.9| -36.9%|Revenue |130.8|118.5| +10.4%|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 19.1| 31.7| -39.7%|Gross margin | 97.2| 84.2| +15.3%|
+-----+-----+---------+----------------------------------+-----+-----+---------+
|70.8%|74.0%| -|Gross margin % |74.3%|71.1%| -|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 6.5| 18.0| -64.1%|Operating profit - EBIT | 46.2| 32.6| +41.4%|
+-----+-----+---------+----------------------------------+-----+-----+---------+
|24.0%|42.1%| -|Operating margin - EBIT % |35.3%|27.6%| -|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 4.9| 13.4| -63.8%|Net profit (Group share) | 32.8| 23.7| +38.4%|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 0.36| 1.00| -63.8%|Basic earnings per share (Group | 2.43| 1.76| +38.3%|
| | | |share) | | | |
+-----+-----+---------+----------------------------------+-----+-----+---------+
COMMENTS
"2016 was a strong year for our company, both in terms of projects (including
our key role during the big sporting events) and financial performance. We
successfully launched the XT4K server and got some major references for our Dyvi
live production switcher. The leadership of the company has been strengthened
with new experienced senior executives and it provides a solid foundation to
build our future. In 2017, we will continue working on new growth initiatives as
well as on improvement measures to speed up our development processes", said
Muriel De Lathouwer, CEO of EVS.
Commenting on the results and prospects, Yvan Absil, CFO, said: "Combining high
revenue of EUR 130.8 million and stable operating expenses compared to last year
led to a solid operating margin of 35.3% in 2016. Obviously, 2016 included EUR
12.1 million of big event rentals, which will not take place in 2017. With
respect to 2017, at this stage, our visibility on the top-line is low."
Conference call
EVS will hold a conference call in English today at 2.00 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: 961335
Corporate Calendar:
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
--------------------------------------------------------------------------------
Download press release in pdf format:
http://hugin.info/133958/R/2079147/782697.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: 16.02.2017 - 06:30 Uhr
Sprache: Deutsch
News-ID 524549
Anzahl Zeichen: 8324
contact information:
Town:
Seraing
Kategorie:
Business News
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