Brief: EVS End-October Order Book For 2020 Revenues Down At EUR 41 Mln

Evs SA

12/11/2020 05:50

Nov 12 (Reuters) - EVS BROADCAST EQUIPMENT SA  EVSB.BR :
    * EVS Q3 2020 BUSINESS UPDATE
    * COVID-19 CRISIS CONTINUE TO IMPACT SIGNIFICANTLY LIVE
SERVICE
PROVIDERS, ONE OF THREE MAIN REVENUE PILLARS WHILE LAB CUSTOMERS
CONTINUE MODERNIZATION OF THEIR BROADCAST CENTERS
    * ACCELERATED TRACTION FOR REMOTE PRODUCTION WORKFLOWS
ALLOWING
EVS TO PROMOTE SEVERAL NEW WORKFLOW SOLUTIONS
    * ORDER BOOK* FOR 2020 REVENUES AS OF OCTOBER 31(ST) ** OF
EUR
41.0 MILLION, VS EUR 44.3 MILLION AT SAME DATE LAST YEAR
    * ORDER INTAKE* YTD UNTIL END OCTOBER 2020: -8.5% VS SAME
PERIOD
LAST YEAR
    * CONFIRMATION OF OPEX GUIDANCE, EXPECTED TO INCREASE
SLIGHTLY YOY
FOLLOWING INTEGRATION OF AXON (EXCLUDING EXTRAORDINARY COSTS)
BUT WITH A MARKED DECREASE WHEN CONSIDERING ONLY FORMER EVS
PERIMETER
    * DOES NOT GIVE ANY REVENUE GUIDANCE FOR YEAR 2020
    * IN 2020, OPERATIONAL EXPENSES (EXCLUDING AXON) ARE
EXPECTED TO
SEE A MARKED DECREASE COMPARED TO 2019
    * WE EXPECT THIS PANDEMIC WILL NOT BE OVER SOON AND WILL
CONTINUE
TO IMPACT EVS IN FIRST PART OF 2021 - CEO
    * MAJOR SUMMER SPORT EVENTS HAVE BEEN POSTPONED TO 2021,
WHICH
SHOULD POSTPONE RELATED EVS REVENUES FROM 2020 TO 2021

Source text for Eikon:  ID:nGNE3vMB1r 
Further company coverage:  EVSB.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))