EVS reports 2009 sales and results

(Thomson Reuters ONE) - Solid winter order book anticipating a stronger 2010 * FY09 revenue of EUR 76.6 million, -30.8% vs. FY08 (-25.9% at constant exchange rate and excluding the big events rentals), and a continued improvement compared to the last three quarters * FY09 EBIT margin of 48.7% and earnings per share of EUR 1.88 * 4Q09 sales of EUR 20.5 million and EPS of EUR 0.69 * Global winter order book of EUR 27.2 million (+95.9%) as of January 31 * 2010 supported by major sporting events and large studio projects * Expectation of double digit sales growth for 2010Li? (Belgium), February 11, 2010, EVS Broadcast Equipment S.A. (EuronextBrussels: EVS.BR, Bloomberg: EVS BB, Reuters: EVSB.BR) (Pinksheets: EVBEF), theleader in Professional Digital Video applications for live, near-live and studioTV production, today reported its results for the fourth quarter ("4Q09") andthe full year 2009 ("FY09").Key highlightsPierre L'Hoest, CEO of EVS said: "This year has been a challenging year for theentire broadcast industry, including for EVS. But what I want to keep in mindfrom 2009 is our continued focus on strengthening the organization by hiring newhighly skilled people, and our commitment to the further development of ourproduct portfolio in the outside broadcast market, but also in the studiosegment. The recent contracts in that matter (such as Sky News) reflect thesuccess of that strategy. Our focus in 2010 will stay the same: strengtheningour position in outside broadcast market and enlarging our market potential inthe studio segment by concretizing new product developments."Commenting on the results and perspectives, Jacques Galloy, CFO added: "In2009, we have booked EUR 76.6 million sales, lower by 30.8% compared to 2008.This is however better than expected early 2009. Tough market conditionsweighted on the overall broadcast solutions industry. Despite lower sales, EVSyielded EUR 25.4 million net profit. From last summer onwards, we have restartedrecruitment to accelerate innovation and gain momentum. EVS experiences somenice traction for orders, especially in the more competitive segment. XDCcontribution to EVS results tends towards break-even, also thanks to a EUR 1.3million dilution profit on the new 41.3% EVS stake. 2010 shall be a strongeryear also due to big sporting events".+---------------------+----------------------------------+---------------------+| (unaudited) |IFRS - EUR millions, except | (audited) |+-----+-----+---------+earnings per share expressed in +-----+-----+---------+|4Q09 |4Q08 |4Q09/4Q08|EUR |FY09 |FY08 |FY09/FY08|+-----+-----+---------+----------------------------------+-----+-----+---------+| 20.5| 13.6| +50.0%| Revenue | 76.6|110.7| -30.8%|+-----+-----+---------+----------------------------------+-----+-----+---------+| 10.6| 4.6| +127.7%| Operating profit - EBIT | 37.2| 68.4| -45.5%|+-----+-----+---------+----------------------------------+-----+-----+---------+|51.7%|34.0%| -| Operating margin - EBIT % |48.7%|61.8%| -|+-----+-----+---------+----------------------------------+-----+-----+---------+| 0.3|(0.3)| N/A| Contribution from 47.2% XDC |(1.7)|(2.4)| +30.0%|| | | |affiliate | | | |+-----+-----+---------+----------------------------------+-----+-----+---------+| 1.3| -| -|Dilution profit relating to XDC | 1.3| -| -|+-----+-----+---------+----------------------------------+-----+-----+---------+| 9.4| 1.9| N/A| Net profit - Group share | 25.4| 45.2| -43.8%|+-----+-----+---------+----------------------------------+-----+-----+---------+| 7.8| 2.2| N/A| Net profit from operations, excl.| 26.7| 48.4| -44.7%|| | | |XDC - Group share( (1)) | | | |+-----+-----+---------+----------------------------------+-----+-----+---------+| 0.69| 0.14| N/A| Basic earnings per share | 1.88| 3.33| -43.7%|+-----+-----+---------+----------------------------------+-----+-----+---------+| 0.58| 0.17| N/A| Basic earnings per share from | 1.97| 3.56| -44.7%|| | | |operations, excl. XDC ((1)) | | | |+-----+-----+---------+----------------------------------+-----+-----+---------+(1)    The net profit from operations, excl. XDC, is the net profit (share ofthe group) excluding non operating items (net of tax) and the XDC contribution.Refer to Annex 5.3: use of non-gaap financial measures.Corporate Calendar:February 12-28, 2010                          Winter Olympics, VancouverThursday April 15, 2010                      Extraordinary General MeetingApril 10-15, 2010                                NAB tradeshow, Las VegasTuesday May 11, 2010                        1Q10 resultsTuesday May 18, 2010                        Combined Ordinary and ReportedExtraordinary General MeetingThursday July 15, 2010                       Trading update on 2Q10 revenueThursday August 26, 2010                  2Q10 resultsFor more information, please contact:Jacques GALLOY, Director & CFOGeoffroy d'OULTREMONT, Investor Relations & Corporate Communications ManagerEVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean,B-4102 Ougr?(Li?), BelgiumTel: +32 4 361 70 14.  E-mail: corpcom(at)evs.tv ;www.evs-global.comForward Looking StatementsThis press release contains forward-looking statements with respect to thebusiness, financial condition, and results of operations of EVS and itsaffiliates. These statements are based on the current expectations or beliefs ofEVS's management and are subject to a number of risks and uncertainties thatcould cause actual results or performance of the Company to differ materiallyfrom those contemplated in such forward-looking statements. These risks anduncertainties relate to changes in technology and market requirements, thecompany's concentration on one industry, decline in demand for the company'sproducts and those of its affiliates, inability to timely develop and introducenew technologies, products and applications, and loss of market share andpressure on pricing resulting from competition which could cause the actualresults or performance of the company to differ materially from thosecontemplated in such forward-looking statements. EVS undertakes no obligation topublicly release any revisions to these forward-looking statements to reflectevents or circumstances after the date hereof or to reflect the occurrence ofunanticipated events.About EVS GroupEVS Broadcast Equipment designs, develops and markets professional digitalequipment for Television. The company employs over 275 persons in 14 countriesand sells its products to professionals of the video and audio sectors in morethan 90 countries. EVS is a public company traded on Euronext Brussels: EVS,ISIN: BE0003820371. For more information, refer to www.evs-global.comEVS Broadcast is the world leader for Live TV Production Digital Disk Recordersand Related Software Applications, especially in the field of sports. Thecompany's dedicated hardware and software suite offer a complete productionplatform: live slow motion (LSM), high speed slow motion, replay only, clipsgeneration, quick clips editing, real-time SD/HD video files transfer, timedelay, multi-camera recording, metadata association, graphics storage andplay-out, digital transmission, multi-format ingest and play-back, audio record& edit, webcasting, mobile phone clipping. Main software applications like the"IP Director®" are running on the dedicated robust and flexible hardware the"XT[2]® Platform". The world's leading broadcasters, such as NBC, BSkyB, FOX,RTBF, RTL, NHK, CANAL+, ABC, ESPN, TF1, CCTV, PBS, CBS, BBC, ZDF, Channel One,Channel7, RAI, TVE, NEP, MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others useEVS' solutions.EVS 41,3% affiliate XDC is the European leader for Digital Cinema technology andservices in Europe with more than 1,350 committed digital screens in 11 Europeancountries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, TheNetherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 50% havealready been deployed[HUG#1383221] Press release in pdf format: http://hugin.info/133958/R/1383221/342021.pdf

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Datum: 11.02.2010 - 00:31 Uhr
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