EVS Broadcast Equipment reports second quarter 2015 results

Publication on August 27, 2015, before market opening Regulated information - Press release quarterly results EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR) * 1H15 highlights * Revenue of EUR 47.4 million, -28.0% excl. event rentals and at constant currency * Performance in line with expectations in Americas and APAC, continued soft performance in EMEA with expected higher 2H15 in that region,...

New York, 27/08/2015 (informazione.it - comunicati stampa - elettronica)

 

 

 

 

 

 

 

 

"Despite the continued challenging market conditions in the broadcast industry, we maintained our strong market position and our order book and the end of August suggests a better second half", said Muriel De Lathouwer, Managing Director & CEO of EVS. "The industry is clearly going through a period of uncertainty with different technology changes (such as UHD or IP-based technologies), and our role is to bring innovative and pragmatic solutions to help our customers going through these transitions with confidence in the sustainability of their investment. In parallel, we continue to see progress in our initiatives to better structure the company and control our cost. The transfer of developments made in Chengdu to the new headquarter in Liège will help us to further improve our R&D efficiency."

 

Commenting on the results and prospects, she added: "1H15 has been globally influenced by the market conditions and the currency movements, partially offset by the increased control on our costs. The order book is at EUR 36.8 million (+10.2% vs 2014, excl. big event rentals), which allows us to confirm our 2015 revenue guidance, which is likely to be in the range of EUR 100-115 million. Opex were stable in 1H15 compared to 1H14 (-2.3% at constant currency). However, we keep the guidance for high single digit operating expenses growth in 2015 vs 2014, mainly due to the currency effects and the new building depreciation. Finally, the recruitment of a new CFO is going on, and we plan to close it before the end of the year."

 

 

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)20 7162 0077 (United Kingdom), +32 (0)2 290 14 07 (Belgium), +1 334 323 6201 (United States)

Conference call ID: 954598

 

 

 

September 11-15, 2015: IBC tradeshow (Amsterdam)

Friday November 13, 2015: 3Q15 results

 

 

 

 

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