Valor Computerized Systems Ltd. / Quarter Results 14.05.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- YAVNE, Israel - May 14, 2009 - 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 period ending March 31, 2009. Revenues in the first quarter of 2009 were $9M, similar to the revenues in the previous quarter, which accumulated to $9.1M. Operating profit in the first quarter of 2009 was $0.8M, as compared with an operating loss of $1M in the previous quarter. Net profit in the first quarter of 2009 was $0.8M, as compared with a net loss of $0.8M in the previous quarter. Earnings per Share (diluted) in the first quarter of 2009 were $0.04, as compared with loss per share of $0.04 in the previous quarter. --------------------------------------------------------------------------- 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: 'We are pleased with our Q1 results, which were significantly better on the bottom line than in the previous quarter and in line with our goals' said Dan Hoz, Valor's CEO. 'We succeeded in increasing our net income despite market conditions and the minor decline in revenues, which, as in the preceding quarter, resulted mainly from weakness in the fabrication market,in which we operate via Frontline - our joint venture with Orbotech (Nasdaq: ORBK).' 'The cost saving measures which we have implemented throughout 2008 helped us improve our profitability', said Hoz. 'This, together with the signs of stabilization that we see in the market, indicates that our dynamic approach and actions are the right measures for these times, and we are working to improve our revenues and profitability even further in the following quarters', Hoz concluded. The complete financial report can be downloaded from the Investor Relations section on the Valor corporate website: www.valor.com Valor will hold an Earnings Call on May 14, at 13:00 GMT. To participate, call the following numbers: Israel Toll Free - 180 934 4019 Germany Toll Free - 0800-330-4462 Germany Local - +49-6971-044-5554 US Toll Free - 1- 888-468-5776 US Local - +1-480-629- 9602 Conference code:4076818 Participant registration begins 5-10 minutes before the scheduled time. 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. Valor's 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 14.05.2009 --------------------------------------------------------------------------- Language: English Issuer: Valor Computerized Systems Ltd. 4 Faran Street 70600 Yavne Israel Phone: +972-(0)3 - 9432430 Fax: +972-(0)3 - 9432429 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 Increases Profitability and Operating Margins in Q1/2009
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