EVS reports revenue and results for 1Q10

* 1Q10 revenue of EUR 20.9 million, +17.1% vs. 1Q09 (+5.7% at constant
    exchange rate and excluding the big events rentals), confirming gradual
    improvement of the underlying business trend
  * Studio represents 64.0% of sales over 1Q10
  * 1Q10 EBIT margin of 46.1% and earnings per share of EUR 0.46
  * Booming spring order book of EUR 31.6 million (+150%) as of April 30, 2010
  * 2010 supported by major sporting events rentals and large studio projects
  * Expectation of double digit sales growth and resilient margins for 2010
  * Total gross dividend of EUR 2.48 proposed at the General Meeting of May 18



Liège  (Belgium), May 11, 2010, EVS Broadcast Equipment S.A. (Euronext Brussels:
EVS.BR,  Bloomberg: EVS BB, Reuters: EVSB.BR) (Pinksheets: EVBEF), the leader in
Professional  Digital  Video  applications  for  live,  near-live  and studio TV
production, today reported its results for the first quarter of 2010 ("1Q10").


Key highlights

Pierre  L'Hoest, CEO of EVS said: "At EVS, we are working hard to make sure that
2010 will  be a new step  for our company. We  have invested a lot in developing
new  solutions for  the studio  productions. Our  product range  is broader than
ever,  and the recent acquisition of OpenCube  Technologies is going in the same
direction.  This  evidences  our  willingness  to  further  expand in the studio
segment."  Commenting  the  market  environment,  M. L'Hoest added: "The clients
remain  cautious  with  their  investments.  Efficiency  is  a  key  word in our
discussions  with the market, as  it was emphasized during  the recent NAB trade
show  in  Las  Vegas,  where  our  teams  were  very  actively promoting all our
solutions. 2010 is also a year with big sporting events, which are opportunities
for us to present our new products to dozens of broadcasters."

Commenting  on  the  results  and  perspectives,  Jacques Galloy, CFO added: "We
deliver  the  fifth  sequential  quarterly  sales  growth. Sales reach EUR 20.9
million,   or  +17.1%.  Orders  during  the  1Q10 have  been  quite  strong,  as
illustrated  by the seasonal order book which  is up 150%. This is obviously but
only  partly due to the world cup rentals. Actually, we experience good traction
for  lots of small to medium deals next to few very large ones. The gross margin
is lower than last year due to lower margins on both big events rentals and some
large  and strategic studio projects for  which we have even recruited temporary
staff.  2010 shall evidence strong growth in  earnings compared to 2009, and the
company  shall  continue  building  up  its  leadership  in  new  media  content
production  and delivery  solutions. On  its side,  XDC performs quite well with
booming sales of EUR 9.9 million, including recently acquired FTT Group, tending
to  break-even with Net Contribution to EVS  of EUR -0.2 million compared to EUR
-0.8  million in 1Q09. Given all  this, the Board has  decided to propose to the
shareholders  meeting  a  dividend  pay-out  ratio  of  126%, i.e. a total gross
dividend of EUR 2.48 (final gross dividend of EUR 1.48; ex-date next May 27).

+--------------------------------------------------+---------------------------+
|IFRS - EUR millions, except earnings per share    |        (unaudited)        |
|expressed in EUR                                  |                           |
|                                                  +-----+-----+-----+---------+
|                                                  | 1Q10| 4Q09| 1Q09|1Q10/1Q09|
+--------------------------------------------------+-----+-----+-----+---------+
|Revenue                                           | 20.9| 20.5| 17.8|   +17.1%|
+--------------------------------------------------+-----+-----+-----+---------+
|Operating profit - EBIT                           |  9.6| 10.6|  9.1|    +5.9%|
+--------------------------------------------------+-----+-----+-----+---------+
|Operating margin - EBIT %                         |46.1%|51.7%|51.0%|        -|
+--------------------------------------------------+-----+-----+-----+---------+
|Contribution from 41.3% XDC affiliate             | -0.2|  0.3| -0.8|      N/A|
+--------------------------------------------------+-----+-----+-----+---------+
|Net profit - group share                          |  6.3|  9.4|  5.4|   +14.9%|
+--------------------------------------------------+-----+-----+-----+---------+
|Net profit from operations, excl. XDC - group     |  6.6|  7.8|  6.4|    +3.1%|
|share( (1))                                       |     |     |     |         |
+--------------------------------------------------+-----+-----+-----+---------+
|Basic earnings per share                          | 0.46| 0.69| 0.40|   +15.0%|
+--------------------------------------------------+-----+-----+-----+---------+
|Basic earnings per share from operations, excl.   | 0.49| 0.58| 0.47|    +3.1%|
|XDC((1))                                          |     |     |     |         |
+--------------------------------------------------+-----+-----+-----+---------+

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


Corporate Calendar:
Tuesday May 18, 2010: Combined Ordinary and Extraordinary General Meeting
Monday June 7, 2010: Postponed Extraordinary General Meeting
Thursday August 26, 2010: 2Q10 results

Given  that, since  2009, the company  has advanced  the publication of its half
year  result from  September to  the end  of August,  the management  of EVS has
decided to stop with the publication of its trading statement mid July.

For more information, please contact:
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Investor Relations & Corporate Communications Manager
EVS  Broadcast Equipment  S.A., Liege  Science Park,  16 rue du Bois Saint-Jean,
B-4102 Ougrée (Liège), Belgium
Tel: [phone].  E-mail: [e-mail]; www.evs-global.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 Group
EVS  Broadcast  Equipment  designs,  develops  and  markets professional digital
equipment  for Television. The company  employs over 320 persons in 14 countries
and  sells its products to professionals of  the video and audio sectors in more
than  90 countries. EVS  is a  public company  traded on Euronext Brussels: EVS,
ISIN:   BE0003820371.   For   more   information,  refer  to  www.evs-global.com
<

http://www.evs-global.com/>
EVS  Broadcast is the world leader for Live TV Production Digital Disk Recorders
and  Related  Software  Applications,  especially  in  the  field of sports. The
company's  dedicated  hardware  and  software  suite offer a complete production
platform:  live slow  motion (LSM),  high speed  slow motion, replay only, clips
generation,  quick  clips  editing,  real-time  SD/HD video files transfer, time
delay,  multi-camera  recording,  metadata  association,  graphics  storage  and
play-out,  digital transmission, multi-format ingest and play-back, audio record
&  edit, webcasting, mobile phone clipping.  Main software applications like the
"IP  Director®" are  running on  the dedicated  robust and flexible hardware the
"XT[2]®  Platform". The world's  leading broadcasters, such  as NBC, BSkyB, FOX,
RTBF,  RTL, NHK, CANAL+, ABC, ESPN, TF1,  CCTV, PBS, CBS, BBC, ZDF, Channel One,
Channel7, RAI, TVE, NEP, MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use
EVS' solutions.
EVS 41,3% affiliate XDC is the European leader for Digital Cinema technology and
services in Europe with more than 1,350 committed digital screens in 11 European
countries   (Germany,   Switzerland,  Spain,  Austria,  Portugal,  Belgium,  The
Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 50% have
already been deployed



[HUG#1414404]





    Press release in pdf format: 

http://hugin.info/133958/R/1414404/365694.pdf