EVS reports revenue and results for 1Q11
(Thomson Reuters ONE) -
Revenue growth of 20% excl. big events rentals
* 1Q11 revenue of EUR 22.7 million, +8.7% vs. 1Q10 (+19.7% at constant
exchange rate and excluding the big events rentals)
* Successful TV Studio diversification, representing 50% of sales
* 1Q11 EBIT margin of 39.8% and earnings per share of EUR 0.64
* Global spring order book of EUR 23.3 million as of May 10, 2011
* Good feed-back from NAB and many new products under development
* 2011 revenues could equal 2010 with H2 quite stronger than H1
* Total gross dividend of EUR 2.64 proposed at the General Meeting of May 17
Liège (Belgium), May 12, 2011, EVS Broadcast Equipment S.A. (Euronext Brussels:
EVS.BR, Bloomberg: EVS BB, Reuters: EVSB.BR) (Pinksheets: EVBEF), the leader in
Professional Digital Video applications for live, near-live and studio TV
production, today reported its results for the first quarter of 2011 ("1Q11").
Key highlights
Pierre L'Hoest, CEO of EVS said: "Usually, the first quarter in our industry is
a little bit quiet. Signals from the industry continue to be mixed, with a nice
success at the last NAB tradeshow in Las Vegas, strong results from some
broadcasters and cautious statements from some others. The feedback on the
recent launch of the XT3 platform has been good, and we will start delivering it
next July. In the meantime, our teams work on further developments that will
mature later this year or in 2012. Our industry is evolving fast, and we aim at
staying one of the pioneers in this evolution."
Commenting on the results and perspectives, Jacques Galloy, CFO added: "In the
first quarter of 2011, sales reached EUR 22.7 million, or +19.7% at constant
exchange rate and excluding the one-off big events rentals related to the
Vancouver Olympics early 2010. Orders during the 1Q11 met our earlier
expectations with around 50% coming from the promising studio segment. Usual
business seasonality and new product releases calendar call for a stronger
second half of the year, leading to 2012. Both innovation and business expansion
generate growing opex by around 15% compared to 2010. Next year shall benefit
from big sporting events and the current developments leveraging our position in
studio niches (estimated to exceed USD 3 billion)."
For more information, please contact:
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Investor Relations & Corporate Communications Manager
EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean, B-
4102 Ougrée (Liège), Belgium
Tel: +32 4 361 70 14. E-mail: corpcom(at)evs.tv; www.evs-global.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 Group
EVS Broadcast Equipment designs, develops and markets professional digital
equipment for Television. The company employs over 375 persons (FTE) in 16
countries and sells its products to professionals of the video and audio sectors
in more than 100 countries. EVS is a public company traded on Euronext Brussels:
EVS, ISIN: BE0003820371. For more information, refer to www.evs-global.com
EVS Broadcast is the world leader for Live TV Production Digital Disk Recorders
and Related Software Applications, especially in the field of sports. The
company's dedicated hardware and software suite offer a complete production
platform: live slow motion (LSM), high speed slow motion, replay only, clips
generation, quick clips editing, real-time SD/HD video files transfer, time
delay, multi-camera recording, metadata association, graphics storage and play-
out, digital transmission, multi-format ingest and play-back, audio record &
edit, webcasting, mobile phone clipping. Main software applications like the "IP
Director®" are running on the dedicated robust and flexible hardware the "XT[2]®
Platform". The world's leading broadcasters, such as NBC, BSkyB, FOX, RTBF, RTL,
NHK, CANAL+, ABC, ESPN, TF1, CCTV, PBS, CBS, BBC, ZDF, Channel One, Channel7,
RAI, TVE, NEP, MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use EVS'
solutions.
XDC, of which EVS owns 41.3%, is the European leader for Digital Cinema
technology and services in Europe with more than 3,800 committed digital screens
in 11 European countries (Germany, Switzerland, Spain, Austria, Portugal,
Belgium, The Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of
which 2,000 have already been deployed. www.xdcinema.com
Press release in pdf format:
http://hugin.info/133958/R/1514827/450967.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EVS Broadcast Equipment via Thomson Reuters ONE
[HUG#1514827]
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2011 - 06:31 Uhr
Sprache: Deutsch
News-ID 54554
Anzahl Zeichen: 6838
contact information:
Town:
Ougrée
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 178 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"EVS reports revenue and results for 1Q11"
steht unter der journalistisch-redaktionellen Verantwortung von
EVS Broadcast Equipment (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
