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EVS Broadcast Equipment: EVS Broadcast Equipment reports 2015 results

Publication on February 18, 2016, before market opening
Regulated information - Press release annual results
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB),
Reuters (EVSB.BR)

Strong finish in 2015

* FY15 highlights * Revenue of EUR 118.5 million, -9.8% (-6.2% excl. event
rentals and at constant currency), above the EUR 110-115 million guidance,
thanks to a stronger than expected finish of 2015 * Growth in Americas and
APAC, lower EMEA (but very strong 4Q15) * Operating expenses increase by
1.6% vs 2014 (-1.6% at constant currency) * EBIT of EUR 32.6 million (27.6%
EBIT margin), net profit of EUR 23.7 million, EPS of EUR 1.76
* 4Q15 highlights * Record revenue of EUR 42.9 million, +40.4% (+36.3% excl.
event rentals and at constant currency), compared to 4Q14, thanks to
stronger than expected revenue at the end of the quarter * Operating
expenses increase by 3.7% compared to 4Q14 * EBIT of EUR 18.0 million (42.1
% of revenue), net profit of EUR 13.4 million, EPS of EUR 1.00
* 2016 outlook * Order book of EUR 50.4 million on February 15, 2016 (to be
invoiced in 2016), including EUR 8.8 million for big event rentals * +41.3%
compared to 2015 excl. big event rentals * Big event year * Industry still
in transition * Controlled opex growth in 2016


| Unaudited EUR millions, except earnings per share expressed in EUR Audited |
| 4Q15 4Q14 4Q15/4Q14 FY15 FY14 FY15/FY14 |
| 42.9 30.5 +40.4% Revenue 118.5 131.4 -9.8% |
| 31.7 22.3 +42.4% Gross margin 84.2 97.8 -13.9% |
| 74.0% 73.0% - Gross margin % 71.1% 74.5% - |
| 18.0 8.9 +103.1% Operating profit - EBIT 32.6 46.1 -29.1 |
| 42.1% 29.1% - Operating margin - EBIT % 27.6% 35.1% - |
| 13.4 8.3 +62.7% Net profit (Group share) 23.7 35.5 -33.3% |
| 1.00 0.61 +62.5% Basic earnings per share (Group share) 1.76 2.63 -33.2% |


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

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."

Conference call

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

Corporate Calendar:

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

| For more information, please contact: |
| |
| |
| |
| |
|Yvan ABSIL, CFO |
|Geoffroy d'OULTREMONT, Vice President Investor Relations&Corporate |
|Communication |
|EVS Broadcast Equipment S.A., Liege Science Park, 13 rue du Bois Saint-Jean, |
|B-4102 Seraing, Belgium |
|Tel: +32 4 361 70 14. E-mail:corpcom@evs.com;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 20 offices in Europe, the |
|Middle East, Asia and North America. Around 500 EVS professionals sell 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 visitwww.evs.com. |
Press release in pdf format


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EVS Broadcast Equipment via Globenewswire


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