ISRA VISION AG / Half Year Results 30.05.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ISRA VISION AG: First Half Year 2007/2008 ISRA has significantly increased its revenue and profit - profitability has improved even further ISRA VISION AG, one of the global top five suppliers for industrial image processing (Machine Vision) and the world's market leader for surface inspection systems, continues its successful launch into the 2007/2008 fiscal year (October 1, 2007 to September 30, 2008) with a successful second quarter. The group's net sales increased by 29 percent to around 30 million Euros in comparison to the first half of the previous fiscal year. The integration of the latest acquisitions is still progressing on schedule. The EBT margin improved to 16 percent - five percentage points more than in the entire 2006/2007 fiscal year. ISRA has considerably increased its revenue on the German markets and in international business. The largest growth drivers in the first half of the 2007/2008 fiscal year came from Asia. In Europe, ISRA also saw sound growth in revenue. Only customers in North America have reacted to the insecure economic developments with a reluctance to invest. ISRA expanded its already dominant market position in the Surface Vision sector. In comparison to the corresponding period in the previous year, the total operating revenue increased by 35 percent to 25.0 million Euros in the Surface Vision sector. The EBITDA and the EBIT each have increased by 29 percent. In the Industrial Automation segment, ISRAs total operating revenue increased by 18 percent to 9.1 million Euros. The EBITDA has increased by 17 percent and the EBIT by 13 percent. The revenues in the ISRA group have risen by 29 percent to around 30 million Euros in the first half of the 2007/2008 fiscal year. The total operating revenue rose by 30 percent to 34.1 million Euros. The material costs climbed by 19 percent to 6.4 million Euros. The ratio of material costs therefore sank by two percentage points to 19 percent. In comparison to the entire previous fiscal year, this decreased by three percentage points. The gross margin thus reached 58 percent (previous year: 59 percent). ISRA VISION spent 5.4 million Euros for research and development (previous year: 3.7 million Euros). The marketing, sales & administration costs increased to 6.6 million Euros (previous year: 4.9 million Euros). At 19 percent of the total operating revenue, their proportion sank in comparison to the value of the same period of the previous year, three points below the value of the entire previous fiscal year. The EBITDA improved by 25 percent to 8.4 million Euros. Thus, the EBITDA margin is 25 percent (as of the end of the fiscal year September 30, 2007: 19 percent). The EBT increased by 18 percent to 5.3 million Euros. At 16 percent (previous year: 17 percent), the EBIT margin fully achieved the Executive Boards target for earnings. The net profit (after minority interests) increased by 17 percent to 3.6 million Euros. This in turn resulted in earnings per share of 0.83 Euros (previous year: 0.71 Euros). ISRA will be continuing the growth that it has been ceaselessly pursuing for ten years now, without losing any of its momentum. The integration of the four acquisitions have progressed as planned, especially the largest one, Parsytec; the synergies have already had a positive impact on the business figures. Besides printed electronics, ISRA also wants to expand the area of application for its inspection solutions for components of large solar power plants. The international sales team, the important drivers for dynamic expansion, has been expanded and now has an office on the Iberian Peninsula. With its current order backlog of 35 million Euros, ISRA intends to reach more than 65 million Euros in revenue in this fiscal year and over 75 million Euros in revenue in the coming one. The gross margin should increase in the long term from its current 58 percent to 60 percent. The earnings target for 2007/2008 remains an EBT margin of 15 percent (relative to the total operating revenue) and at 19 percent for 2008/2009 relative to the total operating revenue. DGAP 30.05.2008 --------------------------------------------------------------------------- Language: English Issuer: ISRA VISION AG Industriestr. 14 64297 Darmstadt Deutschland Phone: +49 (0)6151 9 48-0 Fax: +49 (0)6151 9 48-140 E-mail: investor@isravision.com Internet: www.isravision.com ISIN: DE0005488100 WKN: 548810 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: ISRA VISION AG: ISRA has significantly increased its revenue and profit - profitability has improved even further
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