EVS Broadcast Equipment reports third quarter 2016 results
November 10 2016 - 12:30AM
Publication on November 10, 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)
KEY FIGURES
naudited |
EUR millions, except earnings per
share expressed in EUR |
Unaudited |
3Q16 |
3Q15 |
3Q16/3Q15 |
9M16 |
9M15 |
9M16/9M15 |
37.1 |
28.2 |
+31.6% |
Revenue |
103.8 |
75.6 |
+37.2% |
28.3 |
19.8 |
+43.4% |
Gross margin |
78.0 |
52.5 |
+48.5% |
76.3% |
70.0% |
- |
Gross margin % |
75.2% |
69.4% |
- |
14.8 |
7.2 |
+104.5% |
Operating profit - EBIT |
40.0 |
14.6 |
+171.6% |
39.7% |
25.6% |
- |
Operating margin - EBIT % |
38.3% |
19.3% |
- |
10.5 |
4.8 |
+118.0% |
Net
profit (Group share) |
28.0 |
10.3 |
+172.0% |
0.78 |
0.36 |
+117.8% |
Basic earnings per share (Group share) |
2.07 |
0.76 |
+171.7% |
COMMENTS
"The third quarter was clearly
supported by the activity around the big sporting events of the
summer, In France and Brazil, which generated a quarterly record
amount of EUR 8.2 million rental revenue. And, as usual, the period
following these has been quieter in terms of order intake. The
sporting events of this summer also confirmed the leadership of EVS
in the industry and its key role in the experience of sports in
particular", said Muriel De Lathouwer, CEO of EVS.
Commenting on the results and
prospects, Yvan Absil, CFO, said: "With strong revenue of EUR 37.1
million, our third quarter EBIT margin was close to 40%. For 2016,
we see total revenue between EUR 128 million and EUR 134 million,
and we expect stable or slightly higher opex compared to 2015."
Conference call
EVS will hold a conference call in English today at 3:00 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: 960386
Corporate Calendar:
Tuesday November 22, 2016: interim dividend: ex-date
Wednesday November 23, 2016: interim dividend: record
date
Thursday November 24, 2016: interim dividend: payment
date
Thursday February 16, 2017: FY16 results
Thursday May 11, 2017: 1Q17 results
Tuesday May 16, 2017: Ordinary General Meeting
Thursday August 31, 2017: 2Q17 results
Thursday November 16, 2017: 3Q17 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 is globally recognized as the technology leader for live video
production. The company introduced Live Slow Motion replay in 1994,
and has continued to build on its reputation for quality and
reliability with solutions that enhance live sports, entertainment
and news content. Innovations - such as the C-Cast multimedia
platform and DYVI IT-based switcher - are raising the bar for live
production enrichment, management and distribution. Broadcasters,
rights owners, producers and venues alike use EVS to maximize the
value of their productions and increase revenue streams. The
company is headquartered in Belgium with around 500 employees in
offices in Europe, the Middle East, Asia and North America, and
provides sales and technical support to more than 100 countries.
EVS is a public company traded on Euronext Brussels: EVS, ISIN:
BE0003820371. For more information, please visit
www.evs.com
|
Press release in pdf
format
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The issuer of this announcement warrants that they are solely
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information contained therein.
Source: EVS Broadcast Equipment via Globenewswire
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