Yesterday, EVS released their results for Q209 and first half of the year. Like many companies, they are feeling the impact of the weak economy and their financial results show this.
Here’s how their latest results compare to Q208 (which of course was when purchasing for the Beijing Olympics and US election were underway).
* Revenue: -45.8%
* Operating profit: -62.5%
* EBIT margin 44.3% versus 64% a year ago
* EMEA: -49.2%
* Americas: -27.2%
* Asia: -61.9%
Neverthless, the company has a strong cash position and those 44% EBIT margins are still pretty strong.
EVS is an interesting company to me because they have a very strong brand in the broadcast market. Indeed, as I mentioned in previous post, EVS was ranked as one of the top 5 brands for reliability in both EMEA and Asia by the nearly 5,000 respondents of the 2009 Big Broadcast Survey.
The EVS brand is also very highly rated in a number of other categories, as I will detail in future posts about broadcast technology vendor brands.
For more info about the recent EVS results, have a look at the following:
Link to press release: http://bit.ly/19VSqq
Link to presentation to equity analysts: http://bit.ly/3h1BT