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.
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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.
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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:
'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
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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
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DGAP-Adhoc: Valor Increases Profitability and Operating Margins in Q1/2009
| Source: EQS Group AG