EVS Broadcast Equipment reports third quarter 2015 results

Publication on November 13, 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) 2015 revenue expected to be between EUR 110 million and EUR 115 million 2015 opex expected to grow at low single digit compared to 2014 * 3Q15 highlights * Revenue of EUR 28.2 million, -6.9% excl...

New York, 13/11/2015 (informazione.news - comunicati stampa - elettronica)

 

 

 

 

 

 

 

"The broadcast industry market continues to be challenging, with macro-economic headwinds and technology transitions still hampering investment decisions. But after a disappointing first half of 2015, our third quarter was more in line with our expectations", said Muriel De Lathouwer, Managing Director & CEO of EVS. "As indicated in August, we see some shift of business from 1H15 to 2H15. In addition, there were a higher number of upgrades to the XT3 platform than initially expected, due to the announced end-of-support of the XT2 platform as from January 1, 2016. These resulted in revenue of EUR 28.2 million, and an order book (to be invoiced in 2015) of EUR 31.4 million (+66.1% vs 2014, excl. big event rentals). Consequently, we fine-tune our revenue estimate for 2015 (between EUR 110 million and EUR 115 million) towards the top-end of the previously announced range. Thanks to strict cost control, and despite currency effects, we also review the opex guidance, with a low single digit growth expected in 2015 vs 2014. Finally, the recruitment of a new CFO is progressing well, and we should be able to make an announcement soon."

 

 

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: 956250.

 

Monday November 23, 2015: interim dividend: ex-date

Tuesday November 24, 2015: interim dividend: record date

Wednesday November 25, 2015: interim dividend: payment date

Thursday February 18, 2016: FY15 results

Thursday May 12, 2016: 1Q16 results

Tuesday May 17, 2016: Ordinary General Meeting

Thursday August 25, 2016: 2Q16 results

Thursday November 10, 2016: 3Q16 results

 

 

 

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