>      Solid 1Q13, with a soft start and increasing momentum during the quarter
o  Revenue of EUR 32.8 million, +9.2% (+9.4% excl. event rentals and at constant currency)
o  EBIT margin of 44.0%, EPS up by 15.1% to EUR 0.75


>     2013: spring order book of EUR 32.8 million at May 10, 2013
o  -39.0% vs record 2012 spring order book (-26.8% excl. big events)
o  Stronger APAC, stable EMEA and weaker Americas market conditions
o  As usual, low visibility in a non-big sporting event year


>     Execution of new strategy and organization plan on track

>     Total gross dividend of EUR 2.64 (dividend yield of 5.6%)

>     Despite a weaker order intake in the Americas we maintain our guidance for 2013

Key figures
EUR millions, except earnings per share expressed (EUR) Unaudited
1Q13 4Q12 1Q12 1Q13/1Q12
 Revenue 32.8 25.6 30.0 +9.2%
 Operating profit - EBIT 14.5 5.2 13.6 +6.7%
 Operating margin - EBIT % 44.0% 20.3% 45.1% -
 Contribution from dcinex -0.2 0.4 0.1 N/A
 Net profit - Group share 10.0 4.4 8.7 +15.2%
 Net profit from operations, excl. dcinex - Group share (1) 10.4 5.8 8.9 +17.2%
 Basic earnings per share 0.75 0.32 0.65 +15.1%
 Basic earnings per share from operations, excl. dcinex (1) 0.78 0.43 0.66 +17.0%

(1)     The net profit from operations, excl. dcinex, is the net profit (share of the group) excluding non operating items (net of tax) and the dcinex contribution. Refer to Annex 5.3: use of non-gaap financial measures.

Comments

"The first quarter delivered by our company is encouraging," said Joop Janssen, Managing Director & CEO of EVS. "In an uncertain macro-economic environment, we posted again a solid performance. While some regions and countries go through challenging times more than others, the global reach and EVS' strong brand and product position gives us confidence to deliver our ambitious plan. We are in particular proud of our very good progress in APAC where in addition to a strong market development our share in it seems to grow even more rapidly in the quarter. Our new strategy, launched in February of this year is now fully in place and very well received by our markets at the yearly global Media tradeshow (NAB) in mid April. EVS launched an impressive number of new products in all of our four target markets. The execution of the new organization plans is well on track. As indicated earlier we have brought our headcount growth further under control while concentrating on leveraging our investments in new product innovation."

Commenting on the results and prospects, Jacques Galloy, Director and CFO, said: "The first quarter of 2013 is in line with our expectations. Sales reach EUR 32.8 million, which is an increase of 9.2% compared to last year and of 28.4% compared to 4Q12. This revenue growth is higher than the market. The operating profit grew by 6.7% to EUR 14.5 million versus 1Q12, which translates into a solid 44.0% operating margin. This transforming year is on track even if markets are growing softly. EVS experiences strong momentum in APAC, partly offset by weaker America's and stable EMEA. The second half is expected to be better than the first half of the year as it should get traction from big sporting events to occur in 2014."

Corporate Calendar:
Tuesday May 21, 2013                                  Ordinary General Meeting
Tuesday May 28, 2013                                  Final dividend: ex-date
Thursday May 30, 2013                                 Final dividend: record date
Friday May 31, 2013                                       Final dividend: payment date
Thursday August 29, 2013                            2Q13 earnings
Thursday November 14, 2013                     3Q13 earnings

For more information, please contact:

Joop JANSSEN, Managing Director & CEO
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Vice President  Investor Relations & Corporate Communication
EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean, B-4102 Seraing, Belgium
Tel: +32 4 361 70 14.  E-mail: corpcom@evs.tv; 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 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 revolutionised 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 maximise the value of their media content.

The company is headquartered in Belgium and has offices in Europe, the Middle East, Asia and North America. Approximately 465 EVS professionals from 20 offices are selling 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.

dcinex, of which EVS owns 41.3%, is the European leader for Digital Cinema technology and services in Europe with more than 5,500 committed digital screens in Europe, out of which 3,700 have already been deployed. www.dcinex.com.
Press release in pdf format


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Source: EVS Broadcast Equipment via Thomson Reuters ONE
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