EVS Broadcast Equipment : Publication of third ...

Publication on November 14, 2013, before market opening

Regulated information - Press release interim financial report

EVS Broadcast Equipment SA: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

>     3Q13: Results in line with management expectations

o  Revenue of EUR 28.0 million, -29.2% (-14.0% excl. event rentals and at constant currency)

o  EBIT of EUR 8.4 million (30.0% of EBIT margin), EPS of EUR 0.47

>     Record global autumn order book of EUR 61.0 million at October 31, 2013, including EUR 29.1 million to be invoiced in 2013

o  +78.6% vs 2012 autumn order book (+56.5% excl. big events)

o  Record EUR 31.9 million order book for 2014 and beyond

>     Confirmation of 2013 full year guidance

o  Excluding big events rentals, sales are expected to be flat compared to 2012, i.e. slightly lower than EUR 130 million

o  Low double digit opex growth, including the investment in a technology start-up

>     Interim dividend of EUR 1.16 to be paid at the end of November

KEY FIGURES

(unaudited)			EUR millions, except earnings per share expressed in EUR	Unaudited
3Q13	3Q12	3Q13/3Q12		9M13	9M12	9M13/9M12
28.0	39.5	-29.2%	Revenue	90.6	112.3	-19.4%
8.4	19.3	-56.5%	Operating profit - EBIT	32.5	56.0	-42.0%
30.0%	48.8%	-	Operating margin - EBIT %	35.9%	49.9%	-
0.2	0.0	N/A	Contribution from dcinex	0.3	0.1	N/A
6.3	12.7	-50.3%	Net profit - Group share	23.3	37.4	-37.6%
6.4	13.2	-51.2%	Net profit from operations, excl. dcinex - Group share (1)	24.5	38.8	-36.8%
0.47	0.95	-50.5%	Basic earnings per share	1.73	2.78	-38.3%
0.48	0.98	-51.3%	Basic earnings per share from operations, excl. dcinex (1)	1.82	2.89	-36.9%

 (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

"In a macro-economic environment that remains uncertain, we are encouraged by the market share gains we continue to achieve", said Joop Janssen, Managing Director & CEO of EVS. "We are happy with the continuing market recovery in North America after a slow first half. The Asia Pacific region remained strong, confirmed by the recently announced record order win in our ENM segment against an incumbent supplier. At the successful IBC tradeshow in September, our customers were enthusiastic about our new segmentation and the new products that we launched. There is growing evidence that IP based video network technologies will continue their entrance into the broadcast industry in the coming years, confirming our adequate investment in a startup company earlier this year. For 2014 the market conditions in Southern Europe and Americas are expected to continue to be weaker than earlier anticipated even though we expect to continue to gain strategic market share. Next year, EVS plans to further increase its R&D investments to strengthen its product portfolio and expand geographically. The search for a new group CFO is progressing well and we expect to make an announcement shortly".

Commenting on the results and prospects, Jacques Galloy, Director and CFO, said: "As expected, the third quarter of 2013 is slightly weaker than the second quarter with sales of EUR 28.0 million. This is a decrease of 29.2% compared to last year which was very high thanks to the summer sporting events. The operating profit amounted to EUR 8.4 million, down compared to last year due to the lower sales and stable operating expenses. This translates into a 30.0% operating margin. The record global autumn order book of EUR 61.0 million for sales in 2013, 2014 and beyond calls for a strong seasonal year-end, ahead of the Winter Olympics in February and in line with earlier guidance of full year revenues to be slightly below EUR 130 million".

Corporate Calendar:
Monday November 25, 2013: interim dividend: ex-date
Wednesday November 27, 2013: interim dividend: record date
Thursday November 28, 2013: interim dividend: payment date
Thursday February 20, 2014: 4Q13 earnings
Thursday May 15, 2014: 1Q14 earnings
Tuesday May 20, 2014: Ordinary General Meeting
Thursday August 28, 2014: 2Q14 earnings
Friday November 14, 2014: 3Q14 earnings

For more information, please contact: Joop JANSSEN, Managing Director & CEO Jacques GALLOY, Director & CFO Geoffroy d'OULTREMONT, Vice President  Investor Relations & Corporate Communication EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean, B-4102 Seraing, Belgium Tel: [phone].  E-mail:[e-mail]; 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 Media. Founded in 1994, its innovative Live Slow Motion system revolutionized 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 maximize 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 482 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 www.evs.com.   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. www.dcinex.com.

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