EVS Broadcast Equipment reports first quarter 2018 results
May 17 2018 - 12:30AM
Publication on May 17, 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)
KEY FIGURES
EUR millions, except earnings per share (EUR) |
Unaudited |
1Q18 |
1Q17 |
1Q18/1Q17 |
Revenue |
22.8 |
24.5 |
-6.9% |
Gross margin |
15.7 |
17.2 |
-8.8% |
Gross margin % |
68.8% |
70.3% |
- |
Operating profit - EBIT |
1.9 |
4.9 |
-62.4% |
Operating margin - EBIT % |
8.1% |
20.1% |
- |
Net profit (Group share) |
2.1 |
3.6 |
-39.8% |
Basic earnings per share (Group share) |
0.16 |
0.26 |
-39.8% |
COMMENTS
"While we were disappointed by the
market evolution in the first quarter of the year, we continue to
see increasing momentum around our new product launches and
developments and we don't lose any market share. More specifically,
at the recent NAB tradeshow in Las Vegas, EVS presented the new
XT-VIA platform, which will become available during the summer.
Combining more possibilities (6 channels in 4K and all the most
recent technology advances) with the highest level of reliability
and service, the XT-VIA should support some investment in 2H18 by
customers who need 4K capabilities" said Muriel De Lathouwer, CEO
of EVS.
Commenting on the results and
prospects, Yvan Absil, CFO, said: "Our first quarter revenue of EUR
22.8 million is the combination of the very strong 4th quarter in
2017, and the soft order book as announced on the 15th of February.
Our operating expenses increased compared to 1Q17 following the
planned increase in the number of employees in 4Q17 and 1Q18 to
reflect the larger product range. For 2018, we expect some
acceleration of the activity after a soft start of the year. As a
result, we expect revenue to be in the EUR 115 million to
EUR 130 million range, and we continue to forecast moderate
opex growth, on top of the structural salary increases in
Belgium."
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)1452 555
566 (United Kingdom), +32 (0)81 70 00 61 (Belgium), +1 631 510 7498
(United States)
Conference call ID: 6279538
Corporate Calendar:
May 22, 2018: final dividend - ex-date
May 23, 2018: final dividend - record-date
May 24, 2018: final dividend - pay-date
August 30, 2018: 2Q18 results
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 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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information contained therein.
Source: EVS Broadcast Equipment via Globenewswire
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