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EVS Broadcast Equipment reports second quarter 2017 results

ID: 1519315
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(Thomson Reuters ONE) -


Publication on August 31, 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)

* 2Q17 highlights

* Revenue of EUR 28.3 million, -24.6% compared to 2Q16 (excl. event
rentals and at constant currency), and +26.3% compared to a weak 2Q15
(last uneven year)
* Opex increase by 5.5% compared to a low base in 2Q16 that included one-
time elements
* EBIT margin of 28.0% (or 23.8% excluding other income)
* Net profit of EUR 5.5 million, EPS of EUR 0.41


* 1H17 highlights

* Revenue of EUR 52.8 million, -18.1% compared to 1H16 (excl. event
rentals and at constant currency)
* Operating expenses under control (+2.9% compared with 1H16)
* EBIT margin of 24.3% (or 22.0% EBIT excluding other income)
* Net profit of EUR 9.1 million, EPS of EUR 0.67


* 2017 outlook

* Order book of EUR 37.4 million on August 25, 2017 (to be invoiced in
2017)

* -9.6% compared to 2016 (which included EUR 8.3 million big event
rentals);
* +10.9% compared to 2016 excluding big event rentals
* Additional order book of EUR 22.4 million for 2018 and beyond, including
EUR 9.0 million of big event rentals
* Revenue in 2017 is expected to be between EUR 115 million and EUR 125
million
* Opex are expected to grow moderately in 2017



KEY FIGURES

Unaudited EUR millions, except earnings per Reviewed
share expressed in EUR
2Q17 2Q16 2Q17/2Q16 1H17 1H16 1H17/1H16

28.3 39.8 -28.9% Revenue 52.8 66.6 -20.8%



21.1 30.7 -31.5% Gross margin 38.3 49.7 -22.9%

74.5% 77.3% - Gross margin % 72.5% 74.6% -

7.9 17.4 -54.4% Operating profit - EBIT 12.8 24.9 -48.5%

28.0% 43.7% - Operating margin - EBIT % 24.3% 37.4% -

5.5 12.6 -56.1% Net profit (Group share) 9.1 17.5 -47.9%

0.41 0.93 -55.9% Basic earnings per share (Group 0.67 1.29 -48.0
share)



COMMENTS

"As part of our strategy to extend our product portfolio around live production
solutions, as illustrated by the recent launches of Dyvi or Xeebra, we will
introduce new products at the IBC tradeshow in Amsterdam in a few weeks, which
will demonstrate our innovation power in a changing industry", said Muriel De
Lathouwer, Managing Director and CEO of EVS.

Commenting on the results and prospects, Yvan Absil, CFO, said: "Our revenue of
EUR 28.3 million represents a sequential improvement compared to the first
quarter, and we expect this evolution to continue in the second half of the
year. Thanks to a good product mix, our gross margin was again strong during
this quarter. With operating expenses that remain under control, we posted a
EBIT margin of 28.0%, and EPS amounted to EUR 0.41. The order book remains
solid. For 2017, we now 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 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: 962707


Corporate Calendar:
September 15-19: IBC tradeshow (Amsterdam, NL)
Thursday 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 14.  E-mail:corpcom(at)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 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:
http://hugin.info/133958/R/2130383/813856.pdf



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






More information:
http://www.klovern.se https://biocartis.com/ https://biocartis.com/ http://www.santhera.com http://www.evs.com



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Date: 08/31/2017 - 06:30
Language: English
News-ID 1519315
Character count: 4477
Kontakt-Informationen:
Firma: EVS Broadcast Equipment
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Seraing
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