Archive | December 2, 2011

EVS Q3 Results — Bullish on 2012

2 Dec

EVS Broadcast Equipment S.A., a provider of Professional Digital Video applications for live, near-live and studio TV production, reported its results for the third quarter (“3Q11”) and first nine months of 2011 (“9M11”).

Commenting on the results and perspectives, Jacques Galloy, CFO, added: “In 3Q11, sales amounted to EUR 29.8 million, leading to slightly higher sales in the first nine months of 2011 at constant exchange rate and excluding the big event rentals. As anticipated, the operating margin improved sequentially to 46.6%, mainly thanks to higher revenues and despite our investment in innovation as our operating expenses increased by +11.4% in 3Q11 vs. 3Q10. Recently, we confirmed the largest deal in the history of EVS, with more than EUR 10 million for the equipment of 12 OB vans in Russia. We also signed the rental contract for the Olympic Games in London next year. The Board confirms 2011 sales to near 2010 record before a stronger 2012 and has decided to pay an interim dividend of EUR 1.16 per share later in December.” […]