Publication on November 18th, 2021, before market opening
Regulated and privileged information
EVS Q3 2021 Business update
Confirming strong results for 2021
EVS global leader in live video technology for broadcast and new media productions today
announces its business update for the third quarter ending September 30th 2021.
- EVS announces that the 2021 full year revenue guidance is upgraded to land above
EUR 135 millionbut still depending on potential supply chain issues.
- The 2021 booked revenue* on
September 30th, 2021 amounts to 111.9Mio€ compared to 71.0Mio€ last year**.
- For 2022, EVS sees an increasing impact of the worldwide shortages in the supply chain of electronic components.
- EVS will distribute an interim dividend of
EUR 0,50per share by the end of November 2021.
Veerle de Withas been appointed as Chief Financial Officer as of November 2nd 2021.
* including 2021 already recognized revenues and open orders on hand that will be recognized as revenues in 2021
** excluding Big Events Rental
Commenting on the results and the outlook, Ms.
EVS Market Dynamics and customer wins
We observe better results than expected in our 3 market pillars of revenues (Live Service Providers – LSP, Live Audience Business – LAB and Big Event Rental – BER).
The major summer events were a success for EVS both from an operational perspective and from a revenue perspective with revenues slightly higher than expected thanks to the delivery of additional services.
We observe a significant catch-up in the LSP market pillar that continues even after the major summer events. Some customers are partially compensating for the delayed investments from 2020. Others continue their investment to modernize their OBVans. Even if some parts of the production workflows are still executed remotely, a significant part of premium productions have returned to a more new normal situation with most of the workflows taking place in the venue.
Our LAB customers continue to proceed with the modernization of their overall infrastructure leveraging the key technological foundations based on IP, virtualization, 4K, HDR and remote production. There is an important market traction for EVS MediaCeption solutions.
The traction for Media Infrastructure solutions also increases, especially in the
For 2022, EVS remains concerned about the worldwide shortages in the supply chain of electronic components.
Some key topics:
- EVS has recently received two TV Technology NAB Best in Market Awards for its XtraMotion cloud-based super slow-motion service, and for its MediaInfra Strada turnkey SDI/IP routing solution.
- Game Creek Video, a leading provider of state-of-the-art mobile production units for large-scale live events, has recently completed the upgrade of one of its flagship HD production units to full HDR capabilities based on EVS’ LiveCeption® and MediaCeption® solutions.
- While the NAB tradeshow in
Las Vegashas been cancelled, EVS did recently participate to the CABSAT tradeshow in Dubaiwith the opportunity and joy to meet customers face-to-face.
- EVS accelerates the organization of regular webinars to promote new solutions and guide customers in their investments and modernization projects.
- The three main solutions LiveCeption, MediaCeption and Media Infrastructure are very well received by our customers, all contributing positively to our order book.
Veerle de Withas been appointed as Chief Financial Officer as of November 2nd 2021.She previously served as CFO for IBM Belgium and most recently as CFO for NTT Belgium. Her extensive international financial and operational expertise as well as her strong affinity for business and technology will be major assets for supporting the further growth of EVS. Her extensive experience with the successful integration of acquired teams and companies is an additional strength that will help EVS executing future transactions.
The 2021 booked revenue* on
Next to a strong booked revenue results, EVS also has a strong order book for 2022 and beyond, while we remain cautious on our ability to deliver this order book timely, taking into account the shortage in the electronic components market.
The operational expenses continue to be closely monitored whilst balancing the needs in light of the projected growth. EVS does foresee in a slight increase in operational expenses in 2021, in comparison to 2020 (also as a consequence of the integration of the Media Infrastructure acquisition Axon performed in May 2020).
The Board of Directors has decided to pay an interim dividend of
|For more information, please contact:|
Veerle DE WIT, CFO*
Tel: +32 4 361 70 00. E-mail:email@example.com; www.evs.com
*representing a srl
Forward Looking Statements
This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. EVS undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
We create return on emotion.
EVS is globally recognized as a leader in live video technology for broadcast and new media productions. Our passion and purpose are to help our clients craft immersive stories that trigger the best return on emotion. Through a wide range of products and solutions, we deliver the most gripping live sports images, buzzing entertainment shows and breaking news content to billions of viewers every day – and in real-time.
The company is headquartered in
EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371.
For more information, please visit www.evs.com.
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