Elettronica
EVS Broadcast Equipment reports 2015 results
Our performance in 2015 was better than forecasted, with a stronger than expected end of year. After a period of high cautiousness, we observed at the end of the year some of our customers releasing budgets that were put on hold during the first part of the year. In 2016, we expect the industry to remain in mutation and technology transitions to continue weighting on investment decisions. Despite these challenging conditions, EVS remains leader and keeps the confidence of its customers, as evidenced by the recent multi-year contract with NEP, a very high order book or our key role in the upcoming big sporting events", said Muriel De Lathouwer, Managing Director & CEO of EVS. "Aside of the financial performance, we have done a lot to position the company for the future. In 2015, we had a strong focus on cost management and set up a more efficient organization, and the results were above our expectations. In 2016, we will keep a strong focus on cost management, while investing in the future to consolidate our leadership and develop new growth opportunities."
Commenting on the results and prospects, Yvan Absil, CFO, said: "2015 revenue was slightly above the EUR 110-115 million guidance given in November, thanks to a stronger than expected year-end. EMEA was particularly dynamic in 4Q15, partially offsetting the weakness of the first half. In 2015, our focus on cost management has paid off, with opex down year-on-year at constant currency. The EBIT margin for the year was 27.6%, and the EPS EUR 1.76. For 2016, our visibility on the top line is, as usual, low. We expect around EUR 10 million of rentals from the 2016 big events (mainly Euro football championship and Olympics), and see some controlled opex growth compared to 2015 related to investments in new products and new technologies."
EVS will hold a conference call in English today at 2:30 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: 957288
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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