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.
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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)
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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
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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
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DGAP-Adhoc: Valor Concludes 2007 with Record Revenues of $42M; Distribution Channels and Product Lines Continue to Expand in 2008.
| Source: EQS Group AG