Valor Computerized Systems Ltd. / Final Results 18.02.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- YAVNE, Israel February 18, 2007 - Valor Computerized Systems Ltd. [Prime Standard: VCR], a global provider of productivity improvement software solutions for the printed circuit board industry, announced today its financial results for the year ended December 31, 2007. Revenues in 2007 accumulated to $42 Million, an increase of 14% as compared to $36.7 Million in 2006. Revenues in the fourth quarter of 2007 accumulated to $10.6 Million, an increase of 6% as compared to $10 Million in the parallel period of the previous year. The net profit in the fourth quarter of 2007 was $0.8 Million, and $3 Million in total in 2007. EBITDA accumulated to $1.2 Million in Q4/07, a decrease of 10% as compared to Q4/2006, and $4.7 Million in the year 2007, a result similar to that of the year 2006. Earnings per Share (diluted) in the fourth quarter of 2007 were $0.04, same as in the fourth quarter of 2006. Summary of Financial Data:<pre> Q4 / Q4 / % Year Year % 2007 2006 Change 2007 2006 Change Product Sales 6.1 6.0 0.7% 24.9 21.6 15.1% Maintenance 4.5 4.0 12.8% 17.1 15.1 12.9% Income Total Revenues 10.6 10.0 5.6% 42.0 36.7 14.3% Gross Profit 9.1 8.9 2.4% 36.1 32.1 12.6% EBITDA 1.2 1.3 (10.3)% 4.6 4.7 (0.9)% EBIT 0.6 0.7 (19.8)% 2.5 3.2 (20.9)% Net Profit 0.8 0.9 (9.8)% 3.0 3.3 (8.3)% EPS in US$ 0.04 0.04 0.0% 0.14 0.16 (12.5)% (diluted) Shareholders 45.3 41.0 10.4% 45.3 41.0 10.4% Equity Total Assets 57.2 52.3 9.4% 57.2 52.3 9.4% Research & 3.3 3.7 (12.4)% 13.3 11.8 13.3% Development Employees (Period 263 258 1.9% 263 258 1.9% End)</pre> (all figures are in US$ Million, unless otherwise noted) --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Some of the following statements are forward-looking in nature, and actual results may differ materially: '2007 was a successful year for Valor - a year in which our revenues grew by 14%.' said Ofer Shofman, Valors President and CEO. 'We started the year with the launch of new products which were well accepted by the industry and won multiple awards for innovation, and continued with the expansion of our strategic sales channels in both the Design and the Assembly (MES) markets.' 'We signed our first OEM agreement this year with Universal Instruments, and are working to sign additional similar agreements during the coming year,' Shofman elaborated. 'Such agreements diversify and expand our strategic sales channels, and are expected to help the company achieve significant growth in the Assembly market, including the MES and Process Engineering segments.' 'In addition,' said Shofman, 'we signed several partnership agreements with various distributors in Europe and North America, including some of the largest EDA solution distributors in those regions. Our intention is to continue and grow our channels in all regions including China.' 'As for 2008,' said Shofman, 'we continue to make a significant investment in research and development in all market segments and especially in the MES arena where we see a lot of potential. We are planning to launch additional new products during 2008, which, we believe, will affect the way electronics manufacturers manage their operations.' 'Overall, we are pleased with the annual results and are working hard to continue along the same path.' Shofman concluded. The complete financial report can be downloaded from the Investor Relations Section on the Valor corporate website: www.valor.com About Valor Valor is a global provider of productivity improvement software solutions for the printed circuit board, or PCB, manufacturing supply chain. PCBs are the principal electronic interconnect technology used in the vast majority of electronic products sold today. Valors solutions target three key segments in the PCB manufacturing market: design of the physical layout of the PCB, fabrication of the bare PCB, and assembly of PCB components. Valor is listed on the Prime Standard of the Frankfurt Stock Exchange [WKN 928731]. More information about Valor can be found on www.valor.com. Contact Information Valor Corporate: Alon Erlich, Valor Computerized Systems, Ltd.; IR@Valor.com; Tel: +972-(0)8-943-2430 Risks Regarding Forward Looking Statements Certain statements included herein are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include statements regarding the size and timing of the proposed offering. These forward-looking statements are only predictions based on our current expectations and projections about future events. Many factors, including those indicated in the press release, as well as general market conditions, could impact the realization of these forward-looking statements. Valor wishes to caution prospective investors not to rely on any such forward-looking statements as predictions of future events. Valor does not undertake, and specifically disclaims any obligation, to update any forward-looking statements, which speak only as of the date made. For additional information, see our website at: www.valor.com/fls DGAP 18.02.2008 --------------------------------------------------------------------------- Language: English Issuer: Valor Computerized Systems Ltd. 4 Faran Street 70600 Yavne Israel Phone: -8898 Fax: -8897 E-mail: IR@valor.com Internet: www.valor.com ISIN: IL0010845324 WKN: 928731 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Valor Concludes 2007 with Record Revenues of $42M; Distribution Channels and Product Lines Continue to Expand in 2008.
| Source: EQS Group AG