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EVS Broadcast - Trading update on sales
and orders for 2Q09
July 21, 2009
Source: EVS
View Financial Chart
* 2Q09 sales of EUR
18.7 million, -45.8% vs. 2Q08 (-47.9% at constant exchange
rate), but a sequential improvement compared to 4Q08 et 1Q09
* Major service & equipment rental contract (EUR 4.3 million)
signed with HBS for the recent FIFA Confederation Cup 2009
and the FIFA World Cup 2010
* Europe down 49.2%, Asia & Pacific down 61.9%, America
down 16.5% (27.2% at constant exchange rate) compared to 2Q08
* Open order book at July 1, 2009 of EUR 8.0 million, -64.9%
(-51.2% excl. big event rentals)
EVS Broadcast Equipment manufacturer of
Professional Digital Video applications for Live, Near-Live
and Studio TV Production, today reported its revenue for the
second quarter ("2Q09") and the first half ("1H09")
of 2009.
Pierre L'Hoest, CEO of EVS said: "While this quarter
still represents a strong decline compared to one year ago,
we clearly feel that the discussions that have taken place
over the last few months are confirming that the worst is
behind us.
With the big events of 2010 approaching, investments that
had been postponed in the difficult economic environment are
coming back on the table. We are also broadening our product
portfolio for sport TV solutions with the reinforcement of
our R&D skills focusing on real time graphics for live
sporting events."
Commenting on the perspectives, Jacques Galloy, CFO added:
"The global economic environment will continue to weigh
on our business performance this year. Our sales teams are
doing a great job in identifying and offering the solutions
that best meet the client needs, and more specifically in
terms of efficiency. Even though we expect a slightly better
second half, it is clear that both revenues and profits will
be much lower in 2009 than in record year 2008. But we are
ready to attack 2010 with an organization that has been strengthened
in some areas."
View Financial Chart, regional revenue breakdown, and 2009 outlook
Revenue
EVS Broadcast revenue reached EUR 18.7 million in 2Q09, a decrease of 45.8% at actual exchange rates
(-47.9% at constant exchange rate) compared to 2Q08, but an increase by 4.7% against 1Q09, and even +36.8%
compared to 4Q08. Sales decreased by 36.8% to EUR 13.3 million in the outside broadcast segment, and by
60.0% to EUR 5.3 million in the studio (which represented 28.5% of total 2Q09 sales, compared to 38.7% in 2Q08
and 20.3% in 2Q07). In the first six months of 2009, revenue decreased by 39.0% compared to one year ago and
by 15.5% compared to the first half of 2007.
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