EVS Broadcast Equipment : EVS Broadcast Equipment : record revenue for 2012

 EVS Broadcast Equipment : EVS Broadcast Equipment : record revenue for 2012

                     New strategy, with an eye on Rio2016

> Record FY12, driven by sporting events and even more by strong market
share gains in EVS' other segments
o Revenue: +29.0% (+18.0% excl. event rentals and at constant currency), in
line with guidance
o EBIT before one-off costs (EUR 1.4 million): +42.0% (45.4% margin), in line
with guidance
> 4Q12 revenue of EUR 25.6 million following expected slowdown post big
> 2013: strong winter order book of EUR 37.4 million at February 15, 2013
o -12.4% vs early 2012, excl. big events
o As usual, low visibility at the start of a non-big sporting event year
> New strategy: more focus on key markets to accelerate long-term growth

  Key figures

     (unaudited)      EUR millions, except earnings per         Audited
4Q12  4Q11  4Q12/4Q11 share expressed in EUR             FY12  FY11  FY12/FY11
 25.6  31.0    -17.5% Revenue                           137.9 106.9    +29.0%
  5.2  13.0    -60.1% Operating profit - EBIT            61.2  44.1    +38.8%
20.3% 41.9%         - Operating margin - EBIT %         44.4% 41.3%         -
  0.4  -0.7       N/A Contribution from dcinex            0.4   2.3    -82.0%
  4.4   7.5    -42.0% Net profit - Group share           41.7  32.1    +30.2%
  5.8   8.7    -34.2% Net profit from operations, excl.  44.6  31.7    +40.8%
                      dcinex - Group share ^ (1)
 0.32  0.56    -42.0% Basic earnings per share           3.10  2.38    +30.3%
 0.43  0.65    -34.3% Basic earnings per share from      3.31  2.35    +40.9%
                      operations, excl. dcinex ^(1)

(1) The net profit from operations, excl. dcinex, is the net profit (share
of the group) excluding non operating items (net of tax) and the dcinex
contribution. Refer to Annex 5.3: use of non-gaap financial measures.


"These results mark a  new milestone in the  already very rich and  successful 
history of EVS," said Joop Janssen, Managing Director & CEO of EVS. "In  2012, 
we generated record sales and I want  to thank our teams for their energy  and 
extraordinary efforts they put in  delivering on our promises. In  partnership 
with our customers, we  set a new  standard in the  live coverage of  sporting 
events and even more encouraging is our growth in non-sport markets. Our  team 
outperformed competition  in these  businesses, and  served the  fast  growing 
demand for EVS technologies  and services from  entertainment, news and  media 
customers. In these areas, past investments in innovation are starting to  pay 

On the new strategy, Mr. Janssen added: "In the last few months we reviewed in
detail our strategic options and I'm glad to launch today our new  four-market 
strategy plan. We listened to our growing number of customers and repositioned
our activities, organization and brand accordingly. Key was to focus even more
our resources and investments in the most attractive markets and to strengthen
our leadership team in order to deliver our renewed growth ambition."

Commenting on the  results and  prospects, Jacques Galloy,  Director and  CFO, 
said: "After some years of sales stagnating at EUR 110 million, we closed 2012
with a  record  level, with  sales  growing by  29.0%  and topping  EUR  137.9 
million. As said; we benefited from big sporting events rentals this year  for 
about EUR 10  million but our  overall business grew  strongly, especially  in 
studios (+30.9%)  and  in the  Americas  (+32.7% at  constant  currency).  The 
operating result (EBIT) grew by 39.0% compared to last year, which includes  a 
EUR 1.4  million one-off  provision  for the  strategic repositioning  of  the 
group. Adjusted for these non-recurring items, the EBIT margin would have been
45.4% in FY12 and the EBIT growth  would have reached 42.0%, which is in  line 
with  our  previous  guidance.  As   anticipated,  4Q12  delivered  a   weaker 
performance following a  very strong  sporting summer.  The order  book as  of 
February 15, even though lower  than at the beginning  of 2001, is record  for 
starting an uneven year, highlighting our strong competitive position and  the 
successful investments in the past. We  remain optimistic about the long  term 
growth drivers  of EVS  while  our short  to  medium term  visibility  remains 
limited as usual. 2013 shall not benefit from such big sporting events but our
continued investments in innovation and expansion pave the way for positioning
the company for the future".

Corporate Calendar:
Thursday May 16, 2013 1Q13 earnings
Tuesday May 21, 2013 Ordinary General Meeting
Tuesday May 28, 2013 Final dividend: ex-date
Thursday August 29, 2013 2Q13 earnings
Thursday November 14, 2013 3Q13 earnings

For more information, please contact:

Joop JANSSEN, Managing Director & CEO
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Vice President Investor Relations & Corporate
EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean,
B-4102 Seraing, Belgium
Tel: +32 4 361 70 14. E-mail: corpcom@evs.tv; www.evs.com
Forward Looking Statements

This press release  contains forward-looking  statements with  respect to  the 
business, financial  condition,  and results  of  operations of  EVS  and  its 
affiliates. These statements are based on the current expectations or  beliefs 
of EVS's management  and are subject  to a number  of risks and  uncertainties 
that could  cause actual  results  or performance  of  the Company  to  differ 
materially from those contemplated  in such forward-looking statements.  These 
risks  and  uncertainties   relate  to  changes   in  technology  and   market 
requirements, the company's concentration on  one industry, decline in  demand 
for the company's products  and those of its  affiliates, inability to  timely 
develop and introduce new technologies, products and applications, and loss of
market share and pressure  on pricing resulting  from competition which  could 
cause the actual results  or performance of the  company to differ  materially 
from those contemplated in such forward-looking statements. EVS undertakes  no 
obligation  to  publicly  release  any  revisions  to  these   forward-looking 
statements to reflect  events or  circumstances after  the date  hereof or  to 
reflect the occurrence of unanticipated events.
About EVS

EVS provides its customers with reliable and innovative technology to enable
the production of live, enriched video programming, allowing them to work more
efficiently and boost their revenue streams. Its industry-leading broadcast
and media production systems are used by broadcasters, production companies,
post-production facilities, film studios, content owners and archive libraries
around the globe. It spans four key markets - Sports, Entertainment, News and

Founded in 1994, its innovative Live Slow Motion system revolutionised live
broadcasting. Its reliable and integrated tapeless solutions, based around its
market-leading XT server range, are now widely used to deliver live
productions worldwide. Today, it continues to develop practical innovations,
such as its C-Cast second-screen delivery platform, to help customers maximise
the value of their media content.

The company is headquartered in Belgium and has offices in Europe, the Middle
East, Asia and North America. Approximately 465 EVS professionals from 20
offices are selling its branded products in over 100 countries, and provide
customer support globally. EVS is a public company traded on Euronext
Brussels: EVS, ISIN: BE0003820371. For more information, please visit

dcinex, of which EVS owns 41.3%, is the European leader for Digital Cinema
technology and services in Europe with more than 5,500 committed digital
screens in Europe, out of which 3,700 have already been deployed.

Press release in pdf format


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Source: EVS Broadcast Equipment via Thomson Reuters ONE
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