EVS Broadcast Equipment reports first quarter 2017 results
May 11 2017 - 12:30AM
Publication on May 11, 2017,
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
EUR millions,
except earnings per share (EUR) |
Unaudited |
1Q17 |
1Q16 |
1Q17/1Q16 |
Revenue |
24.5 |
26.9 |
-8.7% |
Gross margin |
17.2 |
18.9 |
-9.0% |
Gross margin % |
70.3% |
70.5% |
- |
Operating profit - EBIT |
4.9 |
7.6 |
-34.8% |
Operating margin - EBIT % |
20.1% |
28.1% |
- |
Net
profit (Group share) |
3.6 |
4.9 |
-26.9% |
Basic earnings per share (Group share) |
0.26 |
0.36 |
-26.9% |
COMMENTS
"We are satisfied with the start of the year, and we received very
positive feedback at the recent NAB tradeshow in Las Vegas,
regarding the EVS portfolio evolution with the transition into IP,
the innovation shared with our customers, and our latest XT4K
server" said Muriel De Lathouwer, CEO of EVS.
Commenting on the results and
prospects, Yvan Absil, CFO, said: "Our first quarter results and
order book reflect the usual start of uneven years. In addition,
timing of product shipments and project delays also slightly
impacted the end of the quarter. For 2017, we expect revenue to be
in the range of EUR 115-130 million, and operating expenses to
increase moderately compared to 2016. Lastly, on the 16th of May, the
Board of Directors will propose a total gross dividend of EUR 1.30
per share to the Ordinary General Meeting, which represents 53.5%
payout ratio and a yield superior of 3.5%."
Conference call
EVS will hold a conference call in English today at 2.30 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: 961877
Corporate Calendar:
May 16, 2017: Ordinary General Meeting
May 22, 2017: final dividend - ex-date
May 23, 2017: final dividend - record-date
May 24, 2017: final dividend - pay-date
August 31, 2017: 2Q17 results
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 13. 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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