Brief: EVS Broadcast FY Net Profit Down At 19.6 Million Euros

Evs SA

20/02/2020 05:43

Feb 20 (Reuters) - EVS BROADCAST EQUIPMENT SA  EVSB.BR :
    * REG-EVS BROADCAST EQUIPMENT REPORTS 2019 RESULTS
    * FY OPERATING EXPENSE DECLINING 5.3% YOY
    * FY NET PROFIT OF EUR 19.6 MILLION (-44.2% COMPARED TO FY18
MAINLY DUE TO EXCEPTIONAL TAX DEDUCTIONS IN RELATION WITH
INNOVATION BOX REGIME IN 2018)
    * FY REVENUE OF EUR 103.4 MILLION, WITHIN RANGE OF GUIDANCE
(-10.9% YOY OR -2.3% YOY EXCLUDING BIG EVENTS RENTALS AND AT
CONSTANT CURRENCY)
    * ADDITIONAL EUR 4.4 MILLION ORDERS TO BE INVOICED IN 2021
AND
BEYOND
    * FY EBIT MARGIN OF 31.4%, NET PROFIT OF EUR 15.9 MILLION
    * REVENUE IS EXPECTED TO BE IN EUR 100 MILLION TO EUR 120
MILLION
RANGE IN 2020
    * EVS BROADCAST EQUIPMENT SA SEES 2020 OPEX IS EXPECTED TO
BE FLAT
COMPARED TO PRIOR YEAR
    * ORDER BOOK OF EUR 33.4 MILLION ON DECEMBER 31, 2019 (TO BE
RECOGNIZED IN REVENUE IN 2020)
    * DELIVER A TOTAL GROSS DIVIDEND OF EUR 1.00 FOR 2019
    * ON FY: SLOW APAC REGION DUE TO POLITICAL AND TRADE
RELATIONS
RESULTING IN DELAYED INVESTMENT DECISION
    * IN 2020 ALSO EXPECTS APAC TO CONTINUE TO BE IMPACTED BY A
SLOWDOWN OF MARKET

Source text for Eikon:  ID:nGNE4d4yGt 
Further company coverage:  EVSB.BR 

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