02.11.2010 02:00 PM
EVS Finishes Year with Strong Orders for 2010
LIÉGE, BELGIUM: EVS Broadcast Equipment wrapped up 2009 with revenues of €76.6 million (US$105.4 million) down 31 percent from 2008 but better than EVS expected for early 2009. Global winter bookings, to be billed in 2010, totaled €27.2 million (US$37.5 million), as of Jan. 31; up 96 percent.

The server and software company posted fiscal 2009 net income €25.4 million (US$34.9 million), down 44 percent from 2008.

“Tough market conditions weighted on the overall broadcast solutions industry,” said chief financial officer, Jacques Galloy. “From last summer onwards, we have restarted recruitment to accelerate innovation and gain momentum. EVS experiences some nice traction for orders, especially in the more competitive segment. XDC contribution to EVS results tends towards break-even, also thanks to a €1.3 million dilution profit on the new 41.3 percent EVS stake. 2010 shall be a stronger year also due to big sporting events.”

November 12, 2009: EVS 3Q Results Show Sequential Improvement

August 27, 2009
: “EVS Sees Brighter Days Ahead

July 15, 2009: EVS Beats Analysts’ 2Q Forecasts

June 12, 1009: EVS Shareholders Approve Cancellation of Shares

April 16, 2009: EVS Board Proposes Dividend

March 17, 2009: EVS Upgraded to Buy

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Posted by: Deborah McAdams
Wed, 04-14-2010 02:55 PM Report Comment
With the acquisition of OpenCube, this is a perfect opportunity for EVS to replace its current North American sales management. This would bring fresh new ideas and a breath of fresh air into the business and most importantly this would significantly add value to the shareholders. The reality is that numbers mean things and the current co-managers are simply a liability when it comes to finance, legal issues, and ethics.
Posted by: Deborah McAdams
Mon, 04-12-2010 10:23 AM Report Comment
Jealous guys...
Posted by: Deborah McAdams
Sun, 02-14-2010 11:01 AM Report Comment
After seeing the market's reaction to the company's disappointing Q4 orders, EVS management must realize that serious changes must be made. Specifically, EVS needs to put into place an actual sales leadership team in the NALA market. For the many years, this has not existed as Pierre L’Hoest has refused to make any changes. At this point, the board needs to step in and force this change in the interest of the investor. To get this process started, management needs to fire Fred Garroy and Greg Macchia immediately due to their under performance and lack of management in this market. There are just no more excuses for the lackluster revenue and bookings. Instead of dealing with the customer and growing the business, these managers continue to focus on internal problems of which they are the cause. The result is that Harris is eating their lunch. While Harris Broadcast sends representatives to conduct face time with the customer, Fred Garroy and Greg Macchia wait for the orders to come in. Additionally, these two were responsible for bad debt exposure when National Mobile Television went bankrupt in 2009. The only times when there is time spent with the customer is when NAB is taking place or when the customer comes to NJ. In the meantime, Harris has increased their outlook for 2010 on strong orders in the first and second quarters. Additionally, the company is targeting EVS’s bread and butter market: Outdoor broadcasting and arenas.
Posted by: Deborah McAdams
Sat, 02-20-2010 10:27 PM Report Comment
I hear what you're saying. I know that it would help at least if Fred Garroy would spend more time dealing with customer issues when traveling on business instead of doing his professional photography on the company dime.

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