EVS Broadcast Equipment reports first quarter 2017 results
(Thomson Reuters ONE) -
Publication on May 11, 2017, before market opening
Regulated information - Press release quarterly results
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB),
Reuters (EVSB.BR)
* 1Q17 highlights
* Revenue of EUR 24.5 million, -9.3% compared to 1Q16 (excl. event rentals
and at constant currency)
* Operating expenses under control (+0.2% compared to 1Q16)
* EBIT margin of 20.1% (compared to 24.3% EBIT margin excluding other
income in 1Q16)
* Net profit of EUR 3.6 million, EPS of EUR 0.26
* Gross total dividend of EUR 1.30 (including EUR 0.60 interim dividend paid
in November 2016) proposed at the Ordinary general meeting
* Outlook
* Order book of EUR 35.5 million on May 10, 2017 (to be invoiced in 2017)
* +33.1% vs last uneven year, excl. big event rentals
* Additional EUR 18.5 million orders to be invoiced in 2018 and beyond,
including EUR 8.2 million of big events rentals
* Revenue are expected to be in the EUR 115 million to EUR 130 million
range in 2017
* Opex are expected to grow moderately in 2017
KEY FIGURES
EUR millions, except earnings per share (EUR) Unaudited
1Q17 1Q16 1Q17/1Q16
Revenue 24.5 26.9 -8.7%
Gross margin 17.2 18.9 -9.0%
Gross margin % 70.3% 70.5% -
Operating profit - EBIT 4.9 7.6 -34.8%
Operating margin - EBIT % 20.1% 28.1% -
Net profit (Group share) 3.6 4.9 -26.9%
Basic earnings per share (Group share) 0.26 0.36 -26.9%
COMMENTS
"We are satisfied with the start of the year, and we received very positive
feedback at the recent NAB tradeshow in Las Vegas, regarding the EVS portfolio
evolution with the transition into IP, the innovation shared with our customers,
and our latest XT4K server" said Muriel De Lathouwer, CEO of EVS.
Commenting on the results and prospects, Yvan Absil, CFO, said: "Our first
quarter results and order book reflect the usual start of uneven years. In
addition, timing of product shipments and project delays also slightly impacted
the end of the quarter. For 2017, we expect revenue to be in the range of EUR
115-130 million, and operating expenses to increase moderately compared to
2016. Lastly, on the 16(th) of May, the Board of Directors will propose a total
gross dividend of EUR 1.30 per share to the Ordinary General Meeting, which
represents 53.5% payout ratio and a yield superior of 3.5%."
Conference call
EVS will hold a conference call in English today at 2.30 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: 961877
Corporate Calendar:
May 16, 2017: Ordinary General Meeting
May 22, 2017: final dividend - ex-date
May 23, 2017: final dividend - record-date
May 24, 2017: final dividend - pay-date
August 31, 2017: 2Q17 results
November 16, 2017: 3Q17 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 13. 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
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Press Release in pdf format:
http://hugin.info/133958/R/2103658/798064.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: 11.05.2017 - 06:30 Uhr
Sprache: Deutsch
News-ID 541721
Anzahl Zeichen: 7441
contact information:
Town:
Seraing
Kategorie:
Business News
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