Brief: EVS Broadcast Equipment Does Not Provide FY Guidance Due To COVID-19

Evs SA

14/05/2020 06:14

May 14 (Reuters) - EVS BROADCAST EQUIPMENT SA  EVSB.BR :

    * EVS PUBLISHES A REVIEW OF ACTIVITIES IN THE FIRST QUARTER
OF
2020
    * ACQUISITION OF AXON ANNOUNCED ON MAY 1ST - SYNERGIES ARE
EXPECTED TO PROVIDE BETWEEN 6 AND 10 MILLION EUROS OF ADDITIONAL
EBITDA FROM 2023 ONWARDS
    * NO REVENUE GUIDANCE FOR 2020 DUE TO COVID-19 UNCERTAINTIES
    * CONFIRMATION OF THE OPEX GUIDANCE, EXPECTED TO DECLINE
SLIGHTLY
YOY (EXCLUDING EXTRAORDINARY COSTS AND AXON)
    * COVID-19 IMPACTING SIGNIFICANTLY LIVE SERVICE PROVIDERS
WHICH
ARE PREPARING FOR COMPRESSED SPORT SEASON
    * ORDER BOOK AS OF APRIL 30TH - EXCLUDING AXON - (INCLUDING
REVENUES YTD AND OPEN ORDERS ON HAND THAT WILL BE RECOGNIZED AS
REVENUES IN 2020) OF EUR 39.6 MILLION
    * OUR ORDERBOOK (WITHOUT BIG EVENTS) AS OF APRIL 30TH
AMOUNTS TO
EUR 39.6 MILLION, WITH ABOUT 80% EXPECTED TO BE RECOGNIZED AS
REVENUES IN H1 2020 - CFO
    * OUTLOOK : OPERATIONAL EXPENSES (EXCLUDING AXON) ARE
EXPECTED TO
SLIGHTLY DECREASE COMPARED TO 2019
    * OBJECTIVE IS TO REACH BETWEEN EUR 6 - 10 MILLION
ADDITIONAL
EBITDA AS OF 2023, LEADING TO AN ACCRETIVE TRANSACTION ON EPS AS
SOON AS 2021
    * WE COMPLETED EUR 10 MILLIONS SHARE BUYBACK PROGRAM AND
ANNOUNCED
A NEW PROGRAM OF EUR 5 MILLIONS FOR ONE YEAR WHICH WILL START
TOMORROW

Source text for Eikon:  ID:nNDL7Rm8x3 
Further company coverage:  EVSB.BR 

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