Brief: EVS Broadcast Equipment FY Net Profit Down By 63.4% At EUR 7.2 Mln

Evs SA

25/02/2021 05:43

Feb 25 (Reuters) - Evs Broadcast Equipment SA  EVSB.BR :
    * FY NET PROFIT FELL 63.4 PERCENT TO 7.2 MILLION EUR
    * FY BASIC EARNINGS PER SHARE 0.53 EUR
    * FY REVENUE FELL 14.8 PERCENT TO 88.1 MILLION EUR
    * FY20 REVENUE OF EUR 88.1 MILLION (-14.8% YOY OR -14.2% YOY
AT
CONSTANT CURRENCY)
    * FY NET PROFIT OF EUR 7.2 MILLION (-63.4% COMPARED TO FY19
MAINLY
DUE TO LOWER REVENUE LEVELS)
    * END-FY STRONG NET CASH POSITION: EUR 35.7 MILLION (VERSUS
EUR
46.2 MILLION IN 2019)
    * GIVEN UNCERTAINTIES LINKED TO COVID-19 SITUATION AND
RESULTING
DIFFICULTIES TO MAKE PROJECTIONS, NO REVENUE GUIDANCE IS
PROVIDED
    * OPEX IS EXPECTED TO SLIGHTLY INCREASE COMPARED TO PRIOR
YEAR
FOLLOWING FULL YEAR INTEGRATION OF AXON COSTS WHILE KEEPING
COSTS UNDER CONTROL
    * ORDER BOOK OF EUR 54.2 MILLION ON DECEMBER 31, 2020 (INCL.
AXON)
(+43.3% YOY)
    * SEES 2021 OPEX IS EXPECTED TO SLIGHTLY INCREASE COMPARED
TO
PRIOR YEAR
    * NO REVENUE GUIDANCE IS PROVIDED
    * EUR 31.3 MILLION OF ORDER BOOK TO BE RECOGNIZED IN REVENUE
IN
2021 (+48.2 % YOY AND EXCLUDING BIG EVENT RENTALS)
    * OUR STRONG ORDER BOOK OF EUR 44.1 MILLION (INCLUDING BIG
EVENT
RENTALS) DOES GIVE US SOME POSITIVE BUT PRUDENT OUTLOOK FOR 2021
    * ORDER BOOK OF EUR 10.0 MILLION (EXCLUDING. BIG EVENTS
RENTALS)
TO BE RECOGNIZED IN REVENUE IN 2022 AND BEYOND (+128.2% YOY)
    * EUR 12.9 MILLION ORDER BOOK FOR BIG EVENTS RENTALS RELATED
TO
EVENTS POSTPONED INTO 2021
    * FY EBIT EUR 5.7 MILLION VERSUS EUR 23.0 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE4t7zph 
Further company coverage:  EVSB.BR 

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