EVS Broadcast - Trading update on sales and orders for 2Q09

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Overig advies 16/07/2009 06:40
2Q09 sales of EUR 18.7 million, -45.8% vs. 2Q08 (-47.9% at constant exchange rate), but a sequential improvement compared to 4Q08 et 1Q09
Major service & equipment rental contract (EUR 4.3 million) signed with HBS for the recent FIFA Confederation Cup 2009 and the FIFA World Cup 2010
Europe down 49.2%, Asia & Pacific down 61.9%, America down 16.5% (27.2% at constant exchange rate) compared to 2Q08
Open order book at July 1, 2009 of EUR 8.0 million, -64.9% (-51.2% excl. big event rentals)

Liège (Belgium), July 16, 2009, EVS Broadcast Equipment S.A. (Euronext Brussels: EVS.BR) (Pinksheets: EVBEF), the leader in Professional Digital Video applications for Live, Near-Live and Studio TV Production, today reported its revenue for the second quarter ("2Q09") and the first half ("1H09") of 2009.

Key Highlights
Pierre L'Hoest, CEO of EVS said: "While this quarter still represents a strong decline compared to one year ago, we clearly feel that the discussions that have taken place over the last few months are confirming that the worst is behind us. With the big events of 2010 approaching, investments that had been postponed in the difficult economic environment are coming back on the table. We are also broadening our product portfolio for sport TV solutions with the reinforcement of our R&D skills focusing on real time graphics for live sporting events."

Commenting on the perspectives, Jacques Galloy, CFO added: "The global economic environment will continue to weigh on our business performance this year. Our sales teams are doing a great job in identifying and offering the solutions that best meet the client needs, and more specifically in terms of efficiency. Even though we expect a slightly better second half, it is clear that both revenues and profits will be much lower in 2009 than in record year 2008. But we are ready to attack 2010 with an organization that has been strengthened in some areas."

Corporate Calendar:
Thursday August 27, 2009 2Q09 earnings
September 10-15, 2009 IBC TradeFair in Amsterdam (NL)
Thursday November 12, 2009 3Q09 eranings

More info on www.evs-global.com




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