Elettronica
EVS Broadcast Equipment : EVS reports solid 2013 results
> 4Q13: Expected QoQ rebound leads to strong EUR 38.5 million revenue and 41.3% EBIT margin
> FY13: Results in line with guidance
o Revenue: EUR 129.1 million, -6.4% (+1.3% excl. event rentals and at constant currency)
o EBIT: EUR 48.4 million (37.5% of EBIT margin), EPS of EUR 2.52
> 2014 highlights
o The company's cautiousness on the market conditions in 2014 remains unchanged
o Winter order book of EUR 48.2 million at February 15, 2014
> +4.0% vs. 2013, excluding big events
> In addition, EUR 9.6 million order book for 2015 and beyond
o 10-15% expected opex growth mainly related to investments in new technologies
> 2014: A special year with big sporting events, EVS' 20 anniversary and the move to the new headquarter and innovation center
KEY FIGURES
(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.
COMMENTS
" With sales of EUR 129.1 million in 2013, we sustained the record performance of 2012, excluding the EUR 10 million rentals relating to the big sporting events in that year, despite a macro-economic environment that remained difficult in some regions during most of the year ", said Joop Janssen, Managing Director & CEO of EVS. "We are particularly pleased with our performance in ENM in the last quarter, which underlines once again the positive reaction of customers to our new four-market strategy. The company continues to invest in its future growth by recruiting market specific and IT technology experts. Looking forward, 2014 will be a special year, particularly as we celebrate the 20 anniversary of the company. EVS is also intimately involved with the many big sporting events including Sochi (Winter Olympics) and Brazil (soccer World Cup). There will be many new product launches in all 4 target markets in 2014."
Commenting on the results and prospects, Magdalena Baron, CFO, said: "As the company expected, the fourth quarter of 2013 was the strongest of the year, with sales of EUR 38.5 million. This is an increase of 50.7% compared to last year. The operating profit reached EUR 15.9 million, much higher than last years' EUR 6.6 million (excl. EUR 1.4 million repositioning costs) post Olympics low quarter, and 22.4% above the fourth quarter of 2011. The winter order book of EUR 48.2 million for sales in 2014 should be put in perspective of EVS management's prudent message regarding the continued macro-economic softness in some regions of the world. Operating expenses growth is confirmed at 10-15% for 2014, relating to the investments in new technologies, as announced in November 2013."
Corporate Calendar:
Thursday May 15, 2014: 1Q14 earnings
Tuesday May 20, 2014: Ordinary General Meeting
Thursday August 28, 2014: 2Q14 earnings
Tuesday November 18, 2014: 3Q14 earnings
Copyright GlobeNewswire
Attachment(s)
http://hugin.info/133958/R/1763220/597440.pdf
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Source: %s via Globenewswire