Publication on May 17, 2018, before market opening
Regulated information - Press release quarterly results
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR) 

• 1Q18 highlights
  • Revenue of EUR 22.8 million, -6.9% compared to 1Q17 (-20.0% excl. event rentals and at constant currency)
  • Strong opex increase compared to 1Q17, given the announced recruitments in 4Q17 and 1Q18 in R&D to reflect the larger product portfolio
  • EBIT margin of 8.1%
  • Net profit of EUR 2.1 million, EPS of EUR 0.16
     
• Gross total dividend of EUR 1.00 (final gross dividend of EUR 0.50) approved by the Ordinary General Meeting
   
• Outlook
  • Order book of EUR 32.3 million on May 10, 2018 (to be invoiced in 2018)
    • -9.0% vs last year (-27.8%, excl. big event rentals)
  • Additional EUR 6.6 million orders to be invoiced in 2019 and beyond
  • Revenue are expected to be in the EUR 115 million to EUR 130 million range in 2018
  • Opex are expected to grow in a moderated way due to investments in R&D for new product development, in addition to the structural salary increases in Belgium of ±2%

KEY FIGURES

COMMENTS

"While we were disappointed by the market evolution in the first quarter of the year, we continue to see increasing momentum around our new product launches and developments and we don't lose any market share. More specifically, at the recent NAB tradeshow in Las Vegas, EVS presented the new XT-VIA platform, which will become available during the summer. Combining more possibilities (6 channels in 4K and all the most recent technology advances) with the highest level of reliability and service, the XT-VIA should support some investment in 2H18 by customers who need 4K capabilities" said Muriel De Lathouwer, CEO of EVS.

Commenting on the results and prospects, Yvan Absil, CFO, said: "Our first quarter revenue of EUR 22.8 million is the combination of the very strong 4^th quarter in 2017, and the soft order book as announced on the 15^th of February. Our operating expenses increased compared to 1Q17 following the planned increase in the number of employees in 4Q17 and 1Q18 to reflect the larger product range. For 2018, we expect some acceleration of the activity after a soft start of the year. As a result, we expect revenue to be in the EUR 115 million to EUR 130 million range, and we continue to forecast moderate opex growth, on top of the structural salary increases in Belgium."

Conference call
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)1452 555 566 (United Kingdom), +32 (0)81 70 00 61 (Belgium), +1 631 510 7498 (United States)
Conference call ID: 6279538

Corporate Calendar:
May 22, 2018: final dividend - ex-date
May 23, 2018: final dividend - record-date
May 24, 2018: final dividend - pay-date
August 30, 2018: 2Q18 results
November 15, 2018: 3Q18 results