Brief: EVS Broadcast Sees 2018 Revenue Of Between EUR 115-130 Million

Evs SA

15/11/2018 05:40

Nov 15 (Reuters) - EVS BROADCAST EQUIPMENT SA  EVSB.BR :
    * REG-EVS BROADCAST EQUIPMENT REPORTS THIRD QUARTER 2018
RESULTS
    * EUR 29.6 MILLION REVENUE FOR 3Q18 (+12.9% COMPARED TO
3Q17)
    * STRONG ACTIONS TAKEN TO REDUCE OPERATING EXPENSES (-1.9%
IN 3Q18
COMPARED WITH 3Q17)
    * EBIT MARGIN OF 25.4% IN 3Q18
    * NET PROFIT AMOUNTED TO EUR 7.4 MILLION IN 3Q18
    * INTERIM GROSS DIVIDEND OF EUR 0.50 PER SHARE
    * RECORD ORDER BOOK OF EUR 34.7 MILLION ON OCTOBER 31, 2018
(TO BE
RECOGNIZED IN REVENUE IN 2018)
    * ADDITIONAL EUR 10.6 MILLION ORDERS TO BE INVOICED IN 2019
AND
BEYOND
    * REVENUE IS EXPECTED TO BE IN EUR 115 MILLION TO EUR 130
MILLION
RANGE IN 2018
    * FY OPEX ARE NOW EXPECTED TO INCREASE SLIGHTLY COMPARED TO
LAST
YEAR, AN IMPROVEMENT COMPARED TO PREVIOUS GUIDANCE THANKS TO
COST REDUCTION INITIATIVES
    * " RECENT DECLINE IN SHARE PRICE HAS MADE EVS SHARE PRICE
ATTRACTIVE AND EVS BOARD HAS DECIDED TO INITIATE A SHARE BUYBACK
PROGRAM" - CEO
    * LAUNCH OF A SHARE BUYBACK PROGRAM OF A MAXIMUM EUR 10
MILLION
    * BETWEEN OCTOBER 25, 2018 AND NOVEMBER 14, 2018, EVS HAS
BOUGHT
28,325 SHARES AT AN AVERAGE PRICE OF EUR 19.26

Source text for Eikon:  ID:nGNE2rp4bD 
Further company coverage:  EVSB.BR 

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