2009-11-12 06:32:03 -
London, November , 12, 2009
* 3Q09 revenue of EUR 19.6 million, -47.3% vs. 3Q08 (-35.8% at
constant exchange rate and excluding the 2008 big events
rentals), and a continued improvement compared to the last three
quarters
* Acceleration of studio focused R&D investments: +25% vs. 2008
* 3Q09 EBIT margin of 47.5%; 3Q09 earnings per share of EUR 0.42
* Autumn order book of EUR 28.0 million (+142.8%), incl. EUR 11.8
million orders to be invoiced in 2010 and beyond
* Major studio contract with Sky News, to be delivered over the
next six months
* New global service agreement for the 2010 Vancouver Olympics
exceeding EUR 1 million
* 2009 is a transition year towards a stronger 2010
* EUR 1.00 gross interim dividend per share to be paid at the end
of November
Liège (Belgium), November 12, 2009, 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 third quarter ("3Q09") and the first
nine months ("9M09") of 2009.
Key highlights
Pierre L'Hoest, CEO of EVS said: "The market continues to be
challenging for the broadcast industry. The somewhat improving
sentiment about the global economic environment has pushed some
clients to realize some catch up purchases, and some other clients to
start thinking about large projects again, but it remains unclear
whether the coming months will show clear signs of recovery or
continued cautiousness in the broadcast industry. In that market, we
will continue to focus on the development and launch of new solutions
that will bring the clients to the next level. We are also very proud
that Sky News has elected EVS as key partner for the launch of its
new HD news channel in the spring of 2010. This project will help us
extending our know-how in the studio market as we develop some
customized tools for it."
Commenting on the results and perspectives, Jacques Galloy, CFO
added: "The uncertain economic environment will continue to weigh on
our business performance this year. Despite lower sales, we have
decided to accelerate our R&D investments and have opened new R&D
centers in Brussels and Paris as well as a new subsidiary in
Switzerland. The 47.5% EBIT margin during the first nine months of
2009, as well as the interim dividend, show the resilience of the
company during such a downturn. Following record year 2008, 2009 is a
transition year towards a stronger 2010."
Corporate Calendar:
Monday November 23, 2009 Interim dividend - ex date
Wednesday November 25, 2009 Interim dividend - record date
Thursday November 26, 2009 Interim dividend - payment
date
Thursday February 11, 2010 FY09 earnings
Tuesday May 11, 2010 1Q10 earnings
Tuesday May 18, 2010 Combined Ordinary and
Extraordinary General Meeting
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@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 250
persons in 13 countries and sells its products to professionals of
the video and audio sectors in more than 90 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, Channel7, RAI, TVE, NEP,
MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use EVS'
solutions.
EVS 47,2% affiliate XDC is pioneering Digital Cinema Logistics and
Play-out and operates between the movies distributors and exhibitors.
XDC has installed more than 500 digital screens throughout Europe in
Germany, Sweden, France, Austria, Portugal, UK, Belgium, etc.
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