EVS Broadcast Equipment reports second quarter 2016 results

Publication on August 25, 2016, before market opening Regulated information - Press release quarterly results EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)2Q16 highlights Revenue of EUR 39.8 million, +67.6% compared to low 2Q15 (excl...

London, 25/08/2016 (informazione.it - comunicati stampa - scienza e tecnologia)

"The big sporting events of this summer in France and Brazil pushed the boundaries in terms of viewer experience and excitement, scale and increased production flexibility. EVS has once more demonstrated its leading capabilities in terms of remote production, 4K, IP and multiplatform delivery", said Muriel De Lathouwer, Managing Director and CEO of EVS.

Commenting on the results and prospects, Yvan Absil, CFO, said: "Our second quarter sales were strong in all regions, in the context of this big event year. Thanks to the high sales and the costs that remain under control, the EBIT margin for the quarter was 43.7%, and the EPS EUR 0.93. The order book remains at a good level. For 2016, we now expect revenue to be between EUR 128 million and EUR 138 million, including around EUR 12 million of rentals from big events (the remaining EUR 8 million will be booked in 3Q16), and stable or slightly higher opex compared to 2015."

EVS will hold a conference call in English today at 3:30 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: 959744

Thursday August 25, 2016: 2Q16 results
September 9-13: IBC tradeshow (Amsterdam, NL)
Thursday November 10, 2016: 3Q16 results