Alfacam Group
Euronext Brussels: ALFA
PRESS RELEASE
(regulated information)
Lint, November 9, 2011
Q3 in line with Q2
Alfacam enhances and extends its management
Start of a management committee in keeping with Belgian law
Trading update
The total income of Alfacam Group in the third quarter of 2011 amounted to € 9 million, identical to Q2. The result for Q3-2010 was € 10.2 million, including a part of FIFA World Cup 2010, the 2010 European Aquatics Championships and the 2010 European Athletics Championships.
In H2-2011 Alfacam Group is aiming for a slightly higher
turnover than the H2-2010 figure as already indicated in our
press release dated August 24. The project in Saudi Arabia
has a 30% impact on the H2 turnover and will stimulate mainly
the Q4 turnover.
Better prospects for H2 cannot compensate for the poor
results of the first quarter of 2011. But the trend from Q1
towards Q4 is good. Price pressure on mainly European markets
on one hand and the higher logistical costs outside Europe on
the other hand limiting the margins.
Customized management structure
• Management Committee
Because Alfacam's turnover is occurring more and more outside
of Europe, in the likes of India, the Middle East and Latin
America, there was a need to strengthen and expand the
management. Therefore the Board of Directors has decided that
Alfacam Group is from now on managed by a management
committee under Belgian law. This committee, which meets
fortnightly, is composed of two co-CEOs, being Gabriel
Fehervari and Sven Marinus, COO Karin Stoop and, from January
2012, CFO Rudi De Winter.
From the Board of Directors, Luc Van Milders, being already
chairman of the audit committee, will attend the management
committee until the new CFO is installed. This new approach
must
Alfacam Group: Press release Q3 2011 1/2
ensure that Alfacam Group is able to anticipate and act even
faster and more flexibly in a constantly changing and
evolving international market.
Rudi De Winter is now CFO at Algemene Aannemingen Van Laere
and he will replace François
Van Caesbroeck.
Structure of Capital
In September an investment banker was appointed in order to strengthen the capital's structure.
Publication Year Results 2011
On March 23, 2012 Alfacam Group will communicate its 2011 annual results.
For more information - please contact:
Gabriel FEHERVARI, co-CEO Alfacam Group, fe@alfacam.com tel +32 3 460 39 30
Sven MARINUS, co-CEO Alfacam Group, sven.marinus@alfacam.com tel +32 3 460 39 30
Steven DUJARDIN, Press and Communication Officer, steven.dujardin@alfacam.com tel +32 3 460 39 30, cell +32 478 34 87 38
About ALFACAM GROUP
Alfacam Group [EURONEXT Brussel: ALFA] groups de activities from Alfacam nv, EuroLinX wireless services, EURO1080 and the EUROCAM MEDIA & FILM CENTER
Alfacam primarily delivers services to TV stations and production houses and with 22 HD production vans the company comprises the largest HD OB fleet in Europe. Alfacam undertakes more than 3000 assignments each year, including all Games since 2002 (with 19 OB vans in Beijing 2008 and in Vancouver 2010), the European Championships Football and the Football World Cup (for instance South Africa 2010), the Europe Music Awards and the FIFA Confederation Cup Football. More than 95% make use of HDTV technology. Alfacam also undertakes 3D recordings across a range of content from concerts to sports (for instance ROLAND GARROS tennis, box, cricket, football/soccer).
Alfacam Group: Press release Q3 2011 2/2