EVS reports record third quarter revenue and profits; order book reflects usual big event seasonality

Alleen voor leden beschikbaar, wordt daarom gratis lid!

Algemeen advies 13/11/2008 08:59
- Record 3Q08 revenue of EUR 37.2 million, +52.9% vs. 3Q07 (+56.8% at constant exchange rate), thanks to strong traction from big sporting events (including EUR 6.9 million rentals)
- Europe up 83.5%, Asia & Pacific up 35.1%, America up 23.5% (35.4% at constant exchange rate) compared to 3Q07
- EBIT margin of 66.1% for 3Q08 and 65.7% for 9M08
- Autumn order book of EUR 9.0 million, down 62.6% vs 2007, mainly due to the usual post-olympic phenomenon combined with overall industry slow-down
- Studio represents 40.6% of that order book to be invoiced in 2008
- As expected, 2008 to be a double-digit growth year
- Payment of a EUR 1.00 gross interim dividend per share, up 25%, end November
2009 to be a transition year

Liège (Belgium), November 13, 2008, EVS Broadcast Equipment S.A. (Euronext Brussels: EVS.BR, Bloomberg: EVS BB, Reuters: EVSB.BR) (Pinksheets: EVBEF), the leader in Professional Digital Video applications for Live, Near-Live and Studio TV Production, today reported its results for the third quarter ("3Q08") and the first nine months ("9M08") of 2008.

Key highlights
Pierre L'Hoest, CEO of EVS said: "2008 is the best year so far for EVS. Not only our business reaches new heights but our products and our service teams have demonstrated their strengths and flexibility, especially around Beijing 2008, that has been the biggest TV production ever. We are currently accelerating the development of new solutions and products to improve the workflow of our customers. In 2009, 2010 and beyond, EVS shall continue to benefit from the structural long term growth drivers like tapeless transition, higher TV production efficiency requirements, high definition and more diversified TV sports."

Commenting on the results and perspectives, Jacques Galloy, CFO added: "In this third quarter, both sales and profit were at a record level, positively impacted by the EUR 6.9 million rental agreements relating to the Beijing Olympics. As a consequence and despite the weaker order book, we confirm our double-digit growth year for 2008. Next year is an odd year without any major sporting event and shall be a transition year. Whether the economic downturn might affect our business over time will depend on the depth and length of the downturn. Typically, our sports driven business, which represents most of our revenue has been somewhat resistant to economic downturns but fluctuates according to specific sport event patterns while the company is continuously gaining market shares in the TV Studio production market."




Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord


Copyrights © 2000 by XEA.nl all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.


Copyrights © DEBELEGGERSADVISEUR.NL