. Revenue growth of 20% excl. big events rentals
- 1Q11 revenue of EUR 22.7 million, +8.7% vs. 1Q10 (+19.7% at constant exchange rate and excluding the big events rentals)
- Successful TV Studio diversification, representing 50% of sales
1Q11 EBIT margin of 39.8% and earnings per share of EUR 0.64
- Global spring order book of EUR 23.3 million as of May 10, 2011
- Good feed-back from NAB and many new products under development
2011 revenues could equal 2010 with H2 quite stronger than H1
- Total gross dividend of EUR 2.64 proposed at the General Meeting of May 17

Liège (Belgium), May 12, 2011, EVS Broadcast Equipment S.A. (Euronext Brussels: EVS.BR, Bloomberg: EVS BB, Reuters: EVSB.BR) (Pinksheets: EVBEF), the leader in Professional Digital Video applications for live, near-live and studio TV production, today reported its results for the first quarter of 2011 ("1Q11").

Key highlights

Pierre L'Hoest, CEO of EVS said: "Usually, the first quarter in our industry is a little bit quiet. Signals from the industry continue to be mixed, with a nice success at the last NAB tradeshow in Las Vegas, strong results from some broadcasters and cautious statements from some others. The feedback on the recent launch of the XT3 platform has been good, and we will start delivering it next July. In the meantime, our teams work on further developments that will mature later this year or in 2012. Our industry is evolving fast, and we aim at staying one of the pioneers in this evolution."

Commenting on the results and perspectives, Jacques Galloy, CFO added: "In the first quarter of 2011, sales reached EUR 22.7 million, or +19.7% at constant exchange rate and excluding the one-off big events rentals related to the Vancouver Olympics early 2010. Orders during the 1Q11 met our earlier expectations with around 50% coming from the promising studio segment. Usual business seasonality and new product releases calendar call for a stronger second half of the year, leading to 2012. Both innovation and business expansion generate growing opex by around 15% compared to 2010. Next year shall benefit from big sporting events and the current developments leveraging our position in studio niches (estimated to exceed USD 3 billion)."