ADB Group delivers a mid-period business update
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ * Guidance confirmed for full-year 2009 * Several prestigious awards received during the third quarter * New customer acquisitions and customer upgrades * Trend towards high-end products continuesGeneva - 29 October 2009Advanced Digital Broadcast Holdings S.A. (SIX: ADBN) reported todayan update on the development of its business.The Group's business was sound during the third quarter of 2009. Themargins and profitability ratios continue to be in line withexpectations. The top line growth remains lower compared to previousyears, as indicated in the full-year guidance. The Group also enjoysa strong financial position maintained throughout the quarter. Thedemand from cable and satellite segment remains strong, with thedemand from terrestrial segment picking up and IPTV starting tofollow. The customer trend of shifting towards high-end productcontinues. Respectively, the high-definition products contributed asignificant majority of the product sales, with PVR set-top boxesforming a clear majority of the products sold. The Group continues inits dominant position as the leader in hybrid technology: most of theproduct sales today come from either hybrid or hybrid ready set-topboxes.In the area of business development, the Group recorded the followingachievements during the third quarter of 2009: * The Group will deliver high-end IPTV set-top boxes to Altibox AS in Norway. * The Group announced the launch of its first high definition interactive digital terrestrial (DTT) set-top box for the Italian retail market that will allow Italian football fans to watch Serie A in high definition as well high definition programs broadcast in the switch-off areas. The ADB set-top boxes will support the Mediaset Premium Pay TV service. * The Group is delivering a state-of-the-art hybrid high-definition set-top box for ITI Neovision, one of its top ten customers. This new set-top box will include access to a broader range of channels in high definition, VOD and gaming whilst allowing consumers to watch their videos stored on a range of networked devices through the TV screen, while internet connectivity will enable them to view internet content and access social networking sites. * The Group will deliver its digital terrestrial set-top box to Spanish company, Ikusi. The deal marks a milestone for both companies as it will be the very first product launched in the Spanish market for DTT pay services and will thus set the standard to follow for this market.The Group was delighted to receive a record amount of nominations andawards during the third quarter of the year. Up to the time of thisupdate, the awards and nominations were as follows: * The Group received the recognition as the TV Innovator of the Year from IMS Research, in its TV 3.0 annual conference. In the same conference, the Group also received the award for the Best Set-Top Box Technology in the industry. * The Group was awarded the second prize in the Swiss Equity Award 2009 for small- and mid-cap companies listed at Zurich Stock Exchange. * In the SAT Krak Expo in Poland, the Group received an award for Best PVR Solution. * At the Eastern European Broadband Convention 2009, the Group received the award for the Most Innovative Produt/Solution of the conference.The Group continued to align its resources in order to achievefurther efficiencies in both product development and customerservice. The resources of the Group's affiliate Osmosys have beenre-distributed to support other business activities. The Group viewsthis as a tool for serving its customer base in an integrated way, inline with its strategy.Andrew Rybicki, Chairman and CEO of the Group, commented: "We arehonored to have received a significant amount of external recognitionrecently. This further strengthens our belief that our strategy anddedication to the high end of the market is validated. It is alsosatisfying to note that our focus on efficiency and profitability isbearing fruit. Therefore, we are pleased to be able to confirm theguidance given to the full year of 2009. "Share buyback programmeThe Group launched a share buyback programme on 7 September 2009 onthe second trading line with the aim of reducing the share capital bythe amount of shares so repurchased. As per the time of this release,the Group has bought back 107,126 shares under the programme.Conference callThe management of ADB Group will hold a conference call to commentthe business update today at 14:00 CET.To connect to this conference, participants will be required to dial:+41 (0) 44 580 64 03To ask a question, the participants will be required to dial: 01.The main financial statements for the first-half of 2009 are attachedto this press release. This press release and further information onADB Group can be found on the Group's website at www.adbholdings.com.For further information please contact:Tina NyforsEVP, Corporate DevelopmentTel: +41 22 592 8433Fax: +41 22 592 8432t.nyfors(at)adbglobal.com -end-About ADB Group (SIX: ADBN)ADB Group (www.adbholdings.com) was founded in 1995 and is a leadingdeveloper of solutions required to view and interact with digital TVbroadcast through cable, satellite, terrestrial and IP networks. TheGroup primarily sells consumer premise devices, including set-topboxes, with over 14 million units deployed since 1997. Thedevelopment and sales of the Group's products and services areconducted through ADB (www.adbglobal.com), and Vidiom Systems(www.vidiom.com).This press release contains forward-looking statements. You arecautioned that any such forward-looking statements are not guaranteesof future performance and involve risks and uncertainties, and thatactual results may differ materially from those in theforward-looking statements as a result of various factors, amongwhich: * future developments of the world digital TV market, in particular the future demand for digital TV products in the key markets and from key customers served by our Group; * pricing pressures, competitive market situation; * our and the industry's capability to successfully and timely innovate and develop challenging technology, and our capability to hire and retain high-level employees; * changes in the exchange rates between the US$ and the main other operating currencies of the Group, including the Euro and the Polish Zloty; * our ability in an intensive competitive environment, to continue securing orders from existing or new customers and to achieve our pricing expectations for volume supplies of new products in whose development we have or are currently investing; * the ability of our suppliers to meet our demands for supplies, qualitatively or quantitatively, and to offer competitive pricing; * our gross margin could vary significantly from expectations based on changes in revenue levels, product mix and pricing, changes in unit costs, and the timing and execution of shipments ramp-ups; * changes in the economic, tax, social or political environment, including import and other duties, military conflict, terrorist activities, as well as natural events such as severe weather, health risks, epidemics or earthquakes in the countries in which we, our key customers and our suppliers operate; * our ability to obtain required licenses on third-party intellectual property on reasonable terms and conditions, the impact of potential claims by third parties involving intellectual property rights relating to our business, and the outcome of litigation; * the results of actions by our competitors, including new product offerings and our ability to react thereto;Advanced Digital Broadcast Holdings SA undertakes no obligation topublicly update or revise any forward-looking statements. AdvancedDigital Broadcast Holdings SA reserves the right to amend theinformation at any time without prior notice.The information contained in this press release may not be consideredas being a substitute for economic, legal, tax or other advice andyou are cautioned to base investment decisions or other decisions onthe content of this release. You are recommended to consult yourinvestment advisers or other advisers prior to making any decision.This press release is not an offer of securities for sale or asolicitation to invest in Advanced Digital Broadcast Holdings SAsecurities. In particular, it is not an offer of securities for salein the United States of America, its territories and possessions.Securities may not be offered or sold in the United States absentregistration or an exemption from registration under the U.S.Securities Act of 1933, as amended. Advanced Digital BroadcastHoldings S.A. does not intend to register its securities in theUnited States of America.http://hugin.info/136393/R/1351010/326296.pdf --- End of Message ---ADB Holdings S.A.Avenue de Tournay 7 Chambesy SwitzerlandISIN: CH0021194664; Index: SPI, SPIEX, SSCI;Listed: Main Market in SIX Swiss Exchange;
Datum: 29.10.2009 - 05:00 Uhr
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