EVS Broadcast Equipment reports third quarter 2017 results
November 16 2017 - 12:30AM
Publication on November 16, 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)
-
3Q17 highlights
-
Revenue of EUR 26.3 million, -10.7% compared to
3Q16 (excl. event rentals and at constant currency)
-
Opex decrease by 4.0% compared to a high 3Q16
that included one-time elements
-
EBIT margin of 21.2%
-
Net profit of EUR 3.8 million, EPS of EUR
0.28
KEY FIGURES
Unaudited |
EUR millions, except earnings per share expressed in
EUR |
Unaudited |
3Q17 |
3Q16 |
3Q17/3Q16 |
9M17 |
9M16 |
9M17/9M16 |
26.3 |
37.1 |
-29.3% |
Revenue |
79.0 |
103.8 |
-23.8% |
18.5 |
28.3 |
-34.6% |
Gross margin |
56.8 |
78.0 |
-27.2% |
70.5% |
76.3% |
- |
Gross margin % |
71.9% |
75.2% |
- |
5.6 |
14.8 |
-62.2% |
Operating profit - EBIT |
18.4 |
39.7 |
-53.6% |
21.2% |
39.7% |
- |
Operating margin - EBIT % |
23.3% |
38.3% |
- |
3.8 |
10.5 |
-64.2% |
Net profit (Group share) |
12.9 |
28.0 |
-54.0% |
0.28 |
0.78 |
-64.2% |
Basic earnings per share (Group share) |
0.95 |
2.07 |
-54.1% |
COMMENTS
"While we expected higher revenue in 3Q17, we confirm our 2017
revenue guidance taking into account the existing pipeline. On the
medium term, we are very pleased to see that our investments in
innovation and to increase the agility of the organization are
starting to bear fruits. Indeed, our new product ranges presented
at the IBC tradeshow have generated strong interest from existing
and new customers, and our developments around artificial
intelligence are considered as pioneering by the industry", said
Muriel De Lathouwer, Managing Director and CEO of EVS.
Commenting on the results and
prospects, Yvan Absil, CFO, said: "Our third quarter revenue of EUR
26.3 million reflects different dynamics in our activities, such as
a continued soft environment in the US. Our third quarter has also
been impacted by some contracts deliveries moving to the last
quarter of the year, without changing the global dynamic. With a
lower level of sales, but with operating expenses that remain under
control, we posted a EBIT margin of 21.2%, and EPS amounted to EUR
0.28. The order book remains solid. For 2017, we expect revenue to
be between EUR 115 million and EUR 125 million, and opex to grow
moderately compared to 2016."
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
9960 (United Kingdom), +32 (0)2 290 17 04 (Belgium), +1 646 851
2094 (United States)
Conference call ID: 963130
Corporate Calendar:
Tuesday November 28, 2017: interim dividend: ex-date
Wednesday November 29, 2017: interim dividend: record
date
Thursday November 30, 2017: interim dividend: payment
date
Thursday February 22, 2018: FY17 results
Wednesday May 9, 2018: 1Q18 results
Tuesday May 15, 2018: Ordinary General Meeting
Thursday August 30, 2018: 2Q18 results
Thursday November 15, 2018: 3Q18 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.comwww.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.
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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.
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Press release in pdf
format
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information contained therein.
Source: EVS Broadcast Equipment via Globenewswire
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