EVS Broadcast Equipment: Strong focus on innovation allows EVS to benefit from "innovation box" regime in Belgium
July 19 2018 - 12:39PM
Publication on July 19, 2018,
6.30pm CET
Regulated information - privileged
information
EVS Broadcast Equipment SA: Euronext Brussels
(EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
EVS Broadcast Equipment SA, the
leading provider of live video production systems, starts to
benefit from "Innovation box" regime in Belgium. This regime allows
Belgian companies to benefit from deductions on profits generated
by innovative revenue.
"As strong leader in the live
video production market, EVS constantly innovates by launching new
products and improving existing ones," said Pierre De Muelenaere,
CEO ad interim. "Over the years, EVS has built a strong team of
more than 250 engineers working on innovation in its headquarters
in Liège, but also in our developments centers in Brussels, Paris,
Toulouse and Darmstadt."
In total, EVS invests more than
EUR 25 million every year in research and development
activities.
Thanks to the demonstration of the
innovative nature of the EVS activities made the Federal Public
Planning Service of Science Policy (Belspo), and thanks to the
recent validation by the Office for Advance Tax Rulings, EVS will
record a one-time tax deduction of EUR 6.6 million in 2Q18 in
relation with 2H16 and FY17 (as the regime is available since July
1, 2016, relating to intellectual property rights on software). As
the tax deduction mainly depends on the revenue level, the exact
amount for 1Q18 and 2Q18 will be communicated on August 30,
together with the first half 2018 results.
Axel Blanckaert, CTO of EVS, said:
"This kind of incentive is very positive and reinforces EVS in its
willingness to build strong R&D capabilities in Belgium, next
to our other development centers abroad".
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.
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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
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information contained therein.
Source: EVS Broadcast Equipment via Globenewswire
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