ISRA VISION AG / Quarter Results
25.08.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ISRA VISION AG: 9 month report 2007/2008
ISRA achieves significant growth in revenue (+45%) with increasing
profitability (+80%)
Darmstadt, August 25, 2008 ISRA VISION AG (ISIN: DE 0005488100), globally
one of the top five suppliers of industrial image processing (Machine
Vision) and the world market leader for surface inspection systems, has
accelerated its profitable growth in the third quarter of the 2007/2008
fiscal year. Compared to the first nine months of the previous year, the
group's revenue has increased by 45 percent to 46.7 million Euros. The EBIT
increased by 9.1 million Euros and has thus more than doubled. The EBT rose
by 80 percent to 8.0 million Euros. The EBT margin improved by 15 percent
three percentage points more than in the previous year. After only nine
months, the earnings per share reached 1.22 Euros, thus exceeding the value
for the entire previous year of 1.18 Euros.
In the first nine months of the 2007/2008 fiscal year (October 1.
2007September 30, 2008), ISRA greatly increased its revenue especially in
Germany, Europe and Asia. The greatest growth impetus came from Asia. ISRA
expanded its dominant market position in the Surface Vision sector. The
total operating revenue increased here in the first nine months by 54
percent to 39.1 million Euros. The EBITDA improved by 114 percent to reach
10.0 million Euros; the EBIT increased by 212 percent to reach 6.9 million
Euros. In the Industrial Automation segment, the total operating revenue
increased by 19 percent to 13.6 million Euros. The EBITDA rose by 9 percent
to 3.5 million and the EBIT by 14 percent to 2.2 million Euros.
In the first nine months, the revenue in the ISRA Group increased by 45
percent compared to the corresponding period in the previous year to 46.7
million Euros, and the total operating revenue climbed by 43 percent to
52.7 million Euros. The increase in the costs for materials was below
average compared to the total operating revenue, increasing by 37 percent
to 10.3 million Euros. At 20 percent, the ratio of costs for materials fell
two percentage points below the entire previous fiscal year. The total
costs of production increased by 40 percent to 21.9 million Euros. The
gross margin thus reached 58 percent (previous year: 58 percent). In the
third quarter, the gross margin even increased to 59 percent (previous
year: 54 percent). ISRA VISION spent 7.9 million Euros on research and
development (previous year 5.8 million Euros). The marketing, sales &
administration costs increased to 10.0 million Euros (previous year: 7.6
million Euros). The EBITDA improved by 71 percent to 13.5 million Euros.
Thus, the EBITDA margin is 26 percent (as of the end of the fiscal year
September 30, 2007: 19 percent). ISRA succeeded in more than doubling its
EBIT to 9.1 million Euros. The EBT, the primary performance indicator for
value-oriented corporate governance, reached 8.0 million Euros an
increase of 80 percent. At 15 percent of the total operating revenue
(previous year: 12 percent), the EBT margin fully achieved the target for
earnings. The net profit climbed by 71 percent to 5.3 million Euros. The
results per share increased to 1.22 Euros (previous year: 0.71 Euros), thus
exceeding the value of the entire previous year after only nine months.
ISRA is continuing its dynamic growth, which has gone on uninterrupted for
ten years now. To take advantage of its major market potential, the company
is investing in expanding its sales team. In the current fiscal year, sales
and services have increased by 20 percent. ISRA will be opening sales
offices in Russia and India in the upcoming months.
The integration of the acquired companies is proceeding according to
schedule and will be complete at the end of the year, at the latest. The
goal was to bring Parsytecs profitability measured in its EBT margin
in line with ISRAs. This goal has largely been reached. An important step
towards further improving its profitability is now effectively optimizing
the administration, which is currently being actively handled. With its
innovative, high-performance products and product lines, such as those in
the segment of printed electronics and sheet offset printing, ISRA also
wants to acquire additional customers and increase its market penetration.
In addition to this, ISRA will be expanding the field of application of its
inspection systems to include solar power plants.
With its current order backlog of 40 million Euros, ISRA is adhering to the
growth targets it has been releasing up till now.
DGAP 25.08.2008
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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, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: ISRA VISION AG: ISRA achieves significant growth in revenue (+45%) with increasing profitability (+80%)
| Source: EQS Group AG