EVS Broadcast Equipment reports 2017 results
February 22 2018 - 12:30AM
Publication on February 22, 2018,
before market opening
Regulated information - Press release quarterly
results
EVS Broadcast Equipment S.A.: Euronext Brussels
(EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
-
4Q17 highlights
-
Revenue of EUR 39.7 million, +49.0% compared to
4Q16 (excl. event rentals and at constant currency)
-
Opex increase by 12.9% compared to a low
4Q16
-
EBIT margin of 41.6%
-
Net profit of EUR 11.0 million, EPS of EUR
0.82
KEY FIGURES
Unaudited |
EUR millions, except earnings per share expressed in
EUR |
Audited |
4Q17 |
4Q16 |
4Q17/4Q16 |
FY17 |
FY16 |
FY17/FY16 |
39.7 |
27.0 |
+47.0% |
Revenue |
118.8 |
130.8 |
-9.2% |
30.8 |
19.1 |
+60.7% |
Gross margin |
87.6 |
97.2 |
-9.9% |
77.4% |
70.8% |
- |
Gross margin % |
73.7% |
74.3% |
- |
16.5 |
6.5 |
+154.9% |
Operating profit - EBIT |
34.9 |
46.2 |
-24.3% |
41.6% |
24.0% |
- |
Operating margin - EBIT % |
29.4% |
35.3% |
- |
11.0 |
4.9 |
+127.2% |
Net profit (Group share) |
23.9 |
32.8 |
-27.2% |
0.82 |
0.36 |
+126.9% |
Basic earnings per share (Group share) |
1.77 |
2.43 |
-27.3% |
COMMENTS
"In 2017, we clearly maintained
our leadership in our core business, in a changing industry.
Building upon our know how in live video production, we also
introduced new products lines to enter in new markets or seize new
opportunities", said Muriel De Lathouwer, Managing Director and CEO
of EVS. "In 2018, we will pursue our plans: execute and deliver
what is in progress. And aside of that, we also continue to bring
innovation on the market, with a particular focus on applications
based on our pioneering work in artificial intelligence."
Commenting on the results and
prospects, Yvan Absil, CFO, said: "Our last quarter was again very
strong with close to EUR 40 million revenue. This results in FY17
revenue of EUR 118.8 million. Taking into account a solid gross
margin level and the 3.6% opex increase, we recorded an EBIT margin
of 29.4%, and EPS amounted to EUR 1.77. For 2018, as usual, it is
too early for us to give a guidance on the revenue level. We expect
opex to grow moderately compared to 2017, on top of the structural
salary increases in Belgium."
2018 outlook
The order book (to be invoiced in
2018) on February 15, 2018 amounts to EUR 37.5 million (including
EUR 10.6 million of big event rentals), which is +3.3% compared to
EUR 36.3 million last year, but -23.5% excluding big event
rentals. In addition to this order book to be invoiced in 2018, EVS
already has EUR 4.7 million of orders to be invoiced in 2019 and
beyond.
For 2018, as usual, it is too
early for us to give a guidance on the revenue level given the
volatility of the order book and the typical short lead-time of our
business.
We expect opex to grow moderately
compared to 2017, on top of the structural salary increases in
Belgium.
Following the tax reforms in
Belgium and the US, the management of the company expects (all
other things staying equal) a decrease of the consolidated
effective tax rate by approximately 2 percentage points, to be
fine-tuned depending on the actual level of the revenue and the
effective geographical mix.
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 20 7192 8000
(United Kingdom), +32 2 400 98 74 (Belgium), +1 631 510 7495
(United States)
Conference call ID: 6978817
Corporate Calendar:
Tuesday May 15, 2018: Ordinary General Meeting
Thursday May 17, 2018: 1Q18 results
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.
|
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
format
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: EVS Broadcast Equipment via Globenewswire
EVS Broadcast Equipment (EU:EVS)
Historical Stock Chart
From Jun 2024 to Jul 2024
EVS Broadcast Equipment (EU:EVS)
Historical Stock Chart
From Jul 2023 to Jul 2024