Brief: EVS Sees 2019 Revenue In Range Of EUR 100-120 Mln

Evs SA

21/02/2019 05:36

Feb 21 (Reuters) - EVS BROADCAST EQUIPMENT SA  EVSB.BR :
    * REG-EVS BROADCAST EQUIPMENT REPORTS 2018 RESULTS
    * FY REVENUE OF EUR 116.1 MILLION, WITHIN RANGE OF GUIDANCE (-2.3% COMPARED TO FY17)
    * FY OPERATING EXPENSE SLIGHTLY UP VERSUS LAST YEAR (+0.5%)
    * NEW DIVIDEND POLICY WITH A STABLE DIVIDEND OF EUR 1.00 PER SHARE FOR 2018, 2019, 2020,
2021
SUBJECT TO REASONABLE MARKET CONDITIONS
    * FY NET PROFIT OF EUR 35.2 MILLION (+47.1% COMPARED TO FY17
    * TOTAL GROSS DIVIDEND OF EUR 1.00 FOR 2018 (INCL. EUR 0.50 INTERIM DIVIDEND PAID IN
NOVEMBER
2018) PROPOSED TO ORDINARY GENERAL MEETING OF MAY 2019
    * ORDER BOOK OF EUR 26.7 MILLION ON FEBRUARY 15, 2019 (TO BE RECOGNIZED IN REVENUE IN 2019),
-28.8% VERSUS LAST YEAR
    * ADDITIONAL EUR 5.4 MILLION ORDERS TO BE INVOICED IN 2020 AND BEYOND
    * REVENUE IS EXPECTED TO BE IN EUR 100 MILLION TO EUR 120 MILLION RANGE IN 2019 (WITH 2H
STRONGER
THAN 1H)
    * 2019 OPEX ARE EXPECTED TO INCREASE BY LESS THAN 2% COMPARED TO LAST YEA
    * GIVEN HIGH QUARTERLY VOLATILITY OF BUSINESS OF EVS, CO HAS DECIDED TO LIMIT ITS QRTRLY
PUBLICATIONS (Q1 AND Q3) TO TRADING UPDATE

Source text for Eikon:  ID:nGNE8njMw1 
Further company coverage:  EVSB.BR 

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