Brief: EVS Broadcast Equipment Sees 2021 Revenues Between EUR 110-120 Mln

Evs SA

20/05/2021 05:37

May 20 (Reuters) - EVS BROADCAST EQUIPMENT SA  EVSB.BR :
    * EVS BROADCAST EQUIPMENT Q1 2021 BUSINESS UPDATE
    * 2021 BOOKED REVENUES AS OF MARCH 31ST ARE EUR 54,0 MILLION
(EXCLUDING BIG EVENT RENTAL), VERSUS EUR 36,9 MILLION AT THE
SAME DATE LAST YEAR (+ 46,3% VERSUS LAST YEAR)
    * WE EXPECT 2021 REVENUES TO BE IN THE RANGE BETWEEN EUR 110
MILLION AND EUR 120 MILLION
    * OPERATIONAL EXPENSES CONTINUE TO BE CLOSELY MANAGED AND
EVS
EXPECTS THOSE COSTS TO SLIGHTLY INCREASE COMPARED TO 2020
    * BASED ON OUR Q1 RESULTS AND A CONTINUED STRONG ORDER
INTAKE, I
AM CAUTIOUSLY OPTIMISTIC FOR 2021 - CEO
    * EVS GENERAL ASSEMBLY APPROVED PAYMENT OF A DIVIDEND OF EUR
0,5/SHARE FOR YEAR 2020 TO EVS' SHAREHOLDERS, TO BE PAID IN MAY
2021
    * SUFFICIENT CONFIDENCE TO RELEASE A REVENUE GUIDANCE FOR
2021 OF
EUR 110 MILLION TO EUR 120 MILLION
    * OUR CUSTOMERS ARE SHOWING CLEAR SIGNS OF POST-COVID
RECOVERY -
CEO
    * OUR 2021 BOOKED REVENUES (WITHOUT BIG EVENT RENTAL) AS OF
MARCH
31ST AMOUNT TO EUR 54,0 MILLION, WITH ABOUT 85% EXPECTED TO BE
RECOGNIZED AS REVENUES IN H1 2021 - CFO
    * THERE IS ALSO AN ADDITIONAL EUR 13,2 MILLION OF REVENUES
THAT
WILL BE RECOGNIZED IN 2021 FOR BIG EVENT RENTAL THAT WILL TAKE
PLACE DURING THE SUMMER OF THIS YEAR - CFO
    * UNTIL END OF MARCH, THE ORDER INTAKE PROGRESSED WELL
VERSUS THE
SAME PERIOD LAST YEAR, WITH +39.8 % ORDER INTAKE (EXCLUDING. BIG
EVENT RENTAL) - CFO
    * END OF APRIL, WE HAVE A STRONG ORDER BOOK ESPECIALLY
THANKS TO
OUR STRONG EMEA AND NALA ACTIVITIES - CFO
    * IN ADDITION TO THOSE 2021 BOOKED REVENUES, EVS HAS EUR
14,7
MILLION OF ORDERS TO BE INVOICED IN 2022 AND BEYOND (EXCLUDING.
BIG EVENT RENTAL)
    * OPERATIONAL EXPENSES CONTINUE TO BE CLOSELY MANAGED AND
EVS
EXPECTS THOSE COSTS TO SLIGHTLY INCREASE COMPARED TO 2020 MAINLY
DUE TO THE FULL YEAR IMPACT OF THE MEDIAINFRA ACQUISITION (AXON)

Source text for Eikon:  ID:nGNE49KRZQ 
Further company coverage:  EVSB.BR 

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