EVS Broadcast Equipment reports third quarter 2017 results
(Thomson Reuters ONE) -
Publication on November 16, 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)
* 3Q17 highlights
* Revenue of EUR 26.3 million, -10.7% compared to 3Q16 (excl. event
rentals and at constant currency)
* Opex decrease by 4.0% compared to a high 3Q16 that included one-time
elements
* EBIT margin of 21.2%
* Net profit of EUR 3.8 million, EPS of EUR 0.28
* 9M17 highlights
* Revenue of EUR 79.0 million, -15.7% compared to 9M16 (excl. event
rentals and at constant currency)
* Operating expenses under control (+0.5% compared with 9M16)
* EBIT margin of 23.3%
* Net profit of EUR 12.9 million, EPS of EUR 0.95
* Gross interim dividend of EUR 0.50 per share
* Outlook
* Order book of EUR 25.2 million on October 31, 2017 (to be invoiced in
2017)
* +55.6% compared to 2016, -19.7% compared to 2015 (last uneven year);
* Additional order book of EUR 25.0 million for 2018 and beyond, including
EUR 10.5 million of big event rentals
* Revenue in 2017 is expected to be between EUR 115 million and EUR 125
million
* Opex are expected to grow moderately in 2017
KEY FIGURES
+---------------------+----------------------------------+---------------------+
| Unaudited |EUR millions, except earnings per | Unaudited |
+-----+-----+---------+share expressed in EUR +-----+-----+---------+
|3Q17 |3Q16 |3Q17/3Q16| |9M17 |9M16 |9M17/9M16|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 26.3| 37.1| -29.3%|Revenue | 79.0|103.8| -23.8%|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 18.5| 28.3| -34.6%|Gross margin | 56.8| 78.0| -27.2%|
+-----+-----+---------+----------------------------------+-----+-----+---------+
|70.5%|76.3%| -|Gross margin % |71.9%|75.2%| -|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 5.6| 14.8| -62.2%|Operating profit - EBIT | 18.4| 39.7| -53.6%|
+-----+-----+---------+----------------------------------+-----+-----+---------+
|21.2%|39.7%| -|Operating margin - EBIT % |23.3%|38.3%| -|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 3.8| 10.5| -64.2%|Net profit (Group share) | 12.9| 28.0| -54.0%|
+-----+-----+---------+----------------------------------+-----+-----+---------+
| 0.28| 0.78| -64.2%|Basic earnings per share (Group | 0.95| 2.07| -54.1%|
| | | |share) | | | |
+-----+-----+---------+----------------------------------+-----+-----+---------+
COMMENTS
"While we expected higher revenue in 3Q17, we confirm our 2017 revenue guidance
taking into account the existing pipeline. On the medium term, we are very
pleased to see that our investments in innovation and to increase the agility of
the organization are starting to bear fruits. Indeed, our new product ranges
presented at the IBC tradeshow have generated strong interest from existing and
new customers, and our developments around artificial intelligence are
considered as pioneering by the industry", said Muriel De Lathouwer, Managing
Director and CEO of EVS.
Commenting on the results and prospects, Yvan Absil, CFO, said: "Our third
quarter revenue of EUR 26.3 million reflects different dynamics in our
activities, such as a continued soft environment in the US. Our third quarter
has also been impacted by some contracts deliveries moving to the last quarter
of the year, without changing the global dynamic. With a lower level of sales,
but with operating expenses that remain under control, we posted a EBIT margin
of 21.2%, and EPS amounted to EUR 0.28. The order book remains solid. For 2017,
we expect revenue to be between EUR 115 million and EUR 125 million, and opex to
grow moderately compared to 2016."
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 9960 (United Kingdom), +32 (0)2 290 17 04
(Belgium), +1 646 851 2094 (United States)
Conference call ID: 963130
Corporate Calendar:
Tuesday November 28, 2017: interim dividend: ex-date
Wednesday November 29, 2017: interim dividend: record date
Thursday November 30, 2017: interim dividend: payment date
Thursday February 22, 2018: FY17 results
Wednesday May 9, 2018: 1Q18 results
Tuesday May 15, 2018: Ordinary General Meeting
Thursday August 30, 2018: 2Q18 results
Thursday November 15, 2018: 3Q18 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.comwww.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.
--------------------------------------------------------------------------------
Press release in pdf format:
http://hugin.info/133958/R/2150093/825247.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: 16.11.2017 - 06:30 Uhr
Sprache: Deutsch
News-ID 568405
Anzahl Zeichen: 9522
contact information:
Town:
Seraing
Kategorie:
Business News
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