Brief: EVS Broadcast Equipment FY Net Profit Up At 34.9 Million Euros

Evs SA

24/02/2022 05:45

Feb 24 (Reuters) - Evs Broadcast Equipment SA  EVSB.BR :
    * FY REVENUE ROSE 56 PERCENT TO 137.6 MILLION EUR
    * FY BASIC EARNINGS PER SHARE 2.60 EUR
    * FY STRONG REVENUE RESULT OF EUR 137,6 MILLION (+56% YOY OR
+53%
YOY AT CONSTANT CURRENCY).
    * 2022 OUTLOOK: EUR 41,8 MILLION TO BE RECOGNIZED IN REVENUE
IN
2022 (+34% YOY AND EXCLUDING BIG EVENT RENTALS)
    * DIVIDEND * EVS PROPOSES A BASE GROSS DIVIDEND FOR YEAR
2021 AT
EUR 1,00 PER SHARE**
    * 2022 OUTLOOK: EUR 9,2 MILLION TO BE RECOGNIZED IN REVENUE
IN
2022 FOR BIG EVENTS RENTAL (COMPARED TO EUR 12,9 MILLION AT END
OF 2020)
    * FY NET PROFIT OF EUR 34,9 MILLION, GROWING 386% YOY,
MAINLY
BOOSTED BY HIGHER REVENUE LEVELS
    * 2022 OUTLOOK: EUR 12,9 MILLION TO BE RECOGNIZED IN REVENUE
IN
2023 AND BEYOND (+32% YOY)
    * FY GROSS MARGIN PERFORMANCE IS SOLID AT 69,6% (+3,1PTS)
DESPITE
CHALLENGING CONDITIONS OF COMPONENTS MARKET
    * WE EXPECT REVENUE FOR 2022 TO BE IN A RANGE OF EUR 125
MILLION
AND EUR 140 MILLION, BASED ON CURRENT INDICATORS
    * FOR NEXT 3 YEARS, EVS PROPOSES TO RENEW DIVIDEND POLICY. A
PROPOSAL WILL BE PRESENTED TO ORDINARY GENERAL MEETING OF
SHAREHOLDERS.
    * 2022 OPERATING EXPENSES WILL CONTINUE TO GROW MID TO HIGH
SINGLE
DIGITS BECAUSE OF INFLATION AND ADDITIONAL HIRINGS TO CONTINUE
AND FUEL OUR GROWTH
    * OUR AMBITION IS TO DELIVER A TOTAL GROSS DIVIDEND OF EUR
1,10
FOR PERIOD 2022-2024*,
    * WE REGISTERED A RECORD-HIGH ORDER INTAKE 2021 RESULTS IN
AN
ORDER BOOK ON HAND AT END OF 2021 OF EUR 63,9 MILLION (+19%
YOY), POSITIONING A PROMISING 2022.
    * ORDER BOOK HAS NEVER BEEN MORE PROMISING, AND IT POSITIONS
US
WELL FOR YEAR 2022-CFO
    * NET CASH FROM OPERATING ACTIVITIES AMOUNTS TO EUR 38.7
MILLION
IN DECEMBER 2021 COMPARED TO EUR 19.2 MILLION IN DECEMBER 2020
    * 2022 OPEX IS SET TO CONTINUE INCREASE WITH MID TO HIGH
SINGLE
DIGITS
    * THEREFORE, AFTER DIFFICULT MARKET CONDITIONS IN 2020,
LINKED TO
PANDEMIC, EVS PROPOSES AN ADDITIONAL EXCEPTIONAL GROSS
DIVIDEND:A FIRST ADDITIONAL EXCEPTIONAL GROSS DIVIDEND OF EUR
0,50 PER SHARE IN MAY 2022**
    * A SECOND ADDITIONAL EXCEPTIONAL GROSS DIVIDEND OF EUR 0,50
PER
SHARE IN MAY 2023*, **
    * FY OPERATING PROFIT EUR 37.1 MILLION VERSUS EUR 5.6
MILLION YEAR
AGO

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

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