EVS Broadcast Equipment reports second quarter 2016 results
August 25 2016 - 12:30AM
Publication on August 25, 2016,
before market opening
Regulated information - Press release quarterly
results
EVS Broadcast Equipment S.A.: Euronext Brussels
(EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
-
2Q16 highlights
-
Revenue of EUR 39.8 million, +67.6% compared to
low 2Q15 (excl. event rentals and at constant currency)
-
Stable recurring Opex (reported opex down by
3.0% compared to 2Q15, which included some one-time extra
cost)
-
EBIT margin of 43.7%, net profit of EUR 12.6
million, EPS of EUR 0.93
-
1H16 highlights
-
Revenue of EUR 66.6 million, +37.2% compared to
1H15 (excl. event rentals and at constant currency) thanks to a
strong 2Q16.
-
Operating expenses under control (+0.5% compared
with 1H15)
-
EBIT margin of 37.4% due to high sales (or 35.8%
EBIT margin excluding other revenues)
-
Net profit of EUR 17.5 million, EPS of EUR
1.29
-
2016 outlook
-
Order book of EUR 41.4 million on August 24,
2016 (to be invoiced in 2016), which includes EUR 8.3 million for
big event rentals
-
Revenue in 2016 is expected to be between EUR
128 million and EUR 138 million (incl. around EUR 12 million of big
event rentals)
-
Stable to slight opex growth in 2016
KEY FIGURES
Unaudited |
EUR millions, except earnings per
share expressed in EUR |
Reviewed |
2Q16 |
2Q15 |
2Q16/2Q15 |
1H16 |
1H15 |
1H16/1H15 |
39.8 |
23.3 |
+70.7% |
Revenue |
66.6 |
47.4 |
+40.5% |
30.7 |
15.5 |
+97.8% |
Gross margin |
49.7 |
32.8 |
+51.6% |
77.3% |
66.7% |
- |
Gross margin % |
74.6% |
69.1% |
- |
17.4 |
1.9 |
N/A |
Operating profit - EBIT |
24.9 |
7.4 |
N/A |
43.7% |
8.2% |
- |
Operating margin - EBIT % |
37.4% |
15.6% |
- |
12.6 |
0.7 |
N/A |
Net
profit (Group share) |
17.5 |
5.5 |
N/A |
0.93 |
0.05 |
N/A |
Basic earnings per share (Group share) |
1.29 |
0.41 |
N/A |
COMMENTS
"The big sporting events of this
summer in France and Brazil pushed the boundaries in terms of
viewer experience and excitement, scale and increased production
flexibility. EVS has once more demonstrated its leading
capabilities in terms of remote production, 4K, IP and
multiplatform delivery", said Muriel De Lathouwer, Managing
Director and CEO of EVS.
Commenting on the results and
prospects, Yvan Absil, CFO, said: "Our second quarter sales were
strong in all regions, in the context of this big event year.
Thanks to the high sales and the costs that remain under control,
the EBIT margin for the quarter was 43.7%, and the EPS EUR 0.93.
The order book remains at a good level. For 2016, we now expect
revenue to be between EUR 128 million and EUR 138 million,
including around EUR 12 million of rentals from big events (the
remaining EUR 8 million will be booked in 3Q16), and stable or
slightly higher opex compared to 2015."
Conference call
EVS will hold a conference call in English today at 3:30 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
0077 (United Kingdom), +32 (0)2 290 14 07 (Belgium), +1 646 851
2407 (United States)
Conference call ID: 959744
Corporate Calendar:
Thursday August 25, 2016: 2Q16 results
September 9-13: IBC tradeshow (Amsterdam, NL)
Thursday November 10, 2016: 3Q16 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@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 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
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information contained therein.
Source: EVS Broadcast Equipment via Globenewswire
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