EVS Broadcast Equipment : Publication of third quarter 2012 results
November 14 2013 - 12:30AM
Publication on November 14,
2013, before market opening
Regulated information - Press
release interim financial report
EVS Broadcast Equipment SA:
Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters
(EVSB.BR)
> 3Q13: Results in line with management
expectations
o Revenue of EUR 28.0 million, -29.2%
(-14.0% excl. event rentals and at constant currency)
o EBIT of EUR 8.4 million (30.0% of EBIT
margin), EPS of EUR 0.47
> Record global autumn order book of EUR 61.0 million at
October 31, 2013, including EUR 29.1 million to be invoiced in
2013
o +78.6% vs 2012 autumn order book (+56.5%
excl. big events)
o Record EUR 31.9 million order book for
2014 and beyond
> Confirmation of 2013 full year guidance
o Excluding big events rentals, sales are
expected to be flat compared to 2012, i.e. slightly lower than EUR
130 million
o Low double digit opex growth, including
the investment in a technology start-up
> Interim dividend of EUR 1.16 to be paid at the end of
November
KEY FIGURES
(unaudited) |
EUR millions, except earnings per share expressed in EUR |
Unaudited |
3Q13 |
3Q12 |
3Q13/3Q12 |
9M13 |
9M12 |
9M13/9M12 |
28.0 |
39.5 |
-29.2% |
Revenue |
90.6 |
112.3 |
-19.4% |
8.4 |
19.3 |
-56.5% |
Operating profit - EBIT |
32.5 |
56.0 |
-42.0% |
30.0% |
48.8% |
- |
Operating margin - EBIT % |
35.9% |
49.9% |
- |
0.2 |
0.0 |
N/A |
Contribution from dcinex |
0.3 |
0.1 |
N/A |
6.3 |
12.7 |
-50.3% |
Net
profit - Group share |
23.3 |
37.4 |
-37.6% |
6.4 |
13.2 |
-51.2% |
Net
profit from operations, excl. dcinex - Group share (1) |
24.5 |
38.8 |
-36.8% |
0.47 |
0.95 |
-50.5% |
Basic earnings per share |
1.73 |
2.78 |
-38.3% |
0.48 |
0.98 |
-51.3% |
Basic
earnings per share from operations, excl. dcinex (1) |
1.82 |
2.89 |
-36.9% |
(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
"In a macro-economic environment
that remains uncertain, we are encouraged by the market share gains
we continue to achieve", said Joop Janssen, Managing Director &
CEO of EVS. "We are happy with the continuing market recovery in
North America after a slow first half. The Asia Pacific region
remained strong, confirmed by the recently announced record order
win in our ENM segment against an incumbent supplier. At the
successful IBC tradeshow in September, our customers were
enthusiastic about our new segmentation and the new products that
we launched. There is growing evidence that IP based video network
technologies will continue their entrance into the broadcast
industry in the coming years, confirming our adequate investment in
a startup company earlier this year. For 2014 the market conditions
in Southern Europe and Americas are expected to continue to be
weaker than earlier anticipated even though we expect to continue
to gain strategic market share. Next year, EVS plans to further
increase its R&D investments to strengthen its product
portfolio and expand geographically. The search for a new group CFO
is progressing well and we expect to make an announcement
shortly".
Commenting on the results and
prospects, Jacques Galloy, Director and CFO, said: "As expected,
the third quarter of 2013 is slightly weaker than the second
quarter with sales of EUR 28.0 million. This is a decrease of 29.2%
compared to last year which was very high thanks to the summer
sporting events. The operating profit amounted to EUR 8.4 million,
down compared to last year due to the lower sales and stable
operating expenses. This translates into a 30.0% operating margin.
The record global autumn order book of EUR 61.0 million for sales
in 2013, 2014 and beyond calls for a strong seasonal year-end,
ahead of the Winter Olympics in February and in line with earlier
guidance of full year revenues to be slightly below EUR 130
million".
Corporate
Calendar:
Monday November 25, 2013: interim dividend: ex-date
Wednesday November 27, 2013: interim dividend: record
date
Thursday November 28, 2013: interim dividend: payment
date
Thursday February 20, 2014: 4Q13 earnings
Thursday May 15, 2014: 1Q14 earnings
Tuesday May 20, 2014: Ordinary General Meeting
Thursday August 28, 2014: 2Q14 earnings
Friday November 14, 2014: 3Q14 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.com;
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
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 offices in Europe,
the Middle East, Asia and North America. Approximately 482 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. |
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Source: EVS Broadcast Equipment via Thomson Reuters
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