Brief: EVS Broadcast Equipment Expects FY Revenues Between 100-110 Million Euros

Evs SA

14/11/2019 05:41

Nov 14 (Reuters) - EVS BROADCAST EQUIPMENT SA  EVSB.BR :
    * EVS Q3 2019 BUSINESS UPDATE
    * APPOINTMENT OF SERGE VAN HERCK AS NEW CEO
    * SLOWER ORDER INTAKE DUE TO MARKET CONDITIONS, FULL YEAR
REVENUES
ARE EXPECTED BETWEEN EUR 100 MILLION – EUR 110 MILLION
    * PAYMENT OF AN INTERIM DIVIDEND OF EUR 0.50 PER SHARE
    * IMPROVEMENT OF THE GUIDANCE ON OPEX FROM FLAT OPEX TO
MODERATE
DECLINE AROUND -3% YEAR OVER YEAR THANKS TO STRICT COST
MANAGEMENT AND COST REDUCTIONS INITIATIVES
    * IN APAC REGION, POLITICAL AND TRADE RELATION ISSUES ARE
CREATING
UNCERTAINTY AND DELAYED INVESTMENT DECISIONS THAT NEGATIVELY
IMPACT EVS BUSINESS
    * OPEX NOW EXPECTED TO DECLINE ABOUT 3% YEAR ON YEAR IN 2019
    * ON SHARE BUY BACK PROGRAM: WE ARE CONTINUING THE PROGRAM
AND
HAVE CURRENTLY PURCHASED EVS SHARES FOR A TOTAL AMOUNT OF EUR
6.4 MILLION IN ONE YEAR -CFO

Source text for Eikon:  ID:nGNE4ZlzfV 
Further company coverage:  EVSB.BR 

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