ISRA VISION AG / Quarter Results
31.08.2010 08:07
Dissemination 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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ISRA VISION AG: Strategy has proven itself - Strong third quarter -
Forecast confirmed again for 2009/2010
Q3-2009/2010: Quarterly revenues + 24%, Quarterly EBT + 38%; Nine-month
revenues + 5%, Nine-month EBT + 18%
* Revenue growth accelerates in 3rd quarter to 24 percent (compared to
previous year's quarter)
o Surface Vision plus 17 percent and Industrial Automation plus 97 percent
* Revenues grow in the first 9 months by 5% to 43.4 million Euros (compared
to previous year's period)
o Largest segment, Surface Vision, grows by 8 percent in 9 months to 36.5
million Euros
* EBT grows in the first 9 months by 18 percent to 7.2 million Euros
(compared to previous year's period)
* EBT margin rises by 2 percentage points each to 15 percent of total
output or to 17 percent of revenues compared to previous year's period and
by 3 percentage points compared to entire previous financial year
* Order backlog approx. 35 million Euros (PY: 33 million Euros)
* ISRA with traditional consistence in planning - forecast for the entire
financial year 2009/2010: Revenue increase to approx. 60 million Euros with
improved EBT margin
ISRA VISION AG (ISIN: DE 0005488100), one of the world's leading providers
of industrial image processing (Machine Vision), global market leader in
surface inspection systems, and one of the leading providers for 3D Machine
Vision solutions, accelerates growth dynamics and gains further market
shares. As expected at the beginning of the year, business has noticably
increased in the second half of the year. In the third quarter of financial
year 2009/2010 (Apr. 1 to Jun. 30, 2010), revenues rose by 24 percent
compared to previous year's quarter. The Surface Vision segment grew by 17
percent. Revenues in the Industrial Automation segment were almost doubled
in the third quarter. In addition to a strong increase of the business in
Asia and Europe, initial important impulses came from North America. In the
nine-month period from October 1, 2009 to June 30, 2010, corporate group
revenues improved by five percent to 43.4 million Euros. The segments
Metals and Plastics contributed the largest growth in revenues. In these
segments, ISRA improved its good market position even further.
In addition to an innovation offensive, supported by a reinforcement of
sales and marketing, ISRA has been able to further improve productivity.
This is evident in continuously increased margins. Hence, the gross margin
(costs of production in relation to total output) in the nine-month period
increased to 59 percent (9 months of previous year: 58 percent, entire
previous year: 58 percent). EBITDA grew by ten percent to 12.3 million
Euros and EBIT by 15 percent to 7.8 million Euros. This increased the
EBITDA margin (EBITDA to total output) to 25 percent - one percentage point
more than in the corresponding previous year's period and two percentage
points compared to the entire previous year, and the EBIT margin by two
percentage points each - compared to the corresponding previous year's
period as well as the entire financial year 2008/2009. EBT (earnings before
taxes) increased in the third quarter by 38 percent in comparison to the
previous year's quarter. In the first nine months of financial year
2009/2010, EBT increased by 18 percent to 7.2 million Euros compared to the
corresponding previous year's period. Thus, the EBT margin (EBT in relation
to total output) improved to 15 percent of total output, two percentage
points higher than the corresponding previous year's period as well as the
entire financial year 2008/2009. The corporate group's annual net profit
increased by 15 percent to 5.0 million Euros. Earnings per share reached
1.14 Euros (PY: 0.99 Euros). Based on the good earnings, equity capital
increased to 86.4 million Euros (Sept. 30, 2009: 81.2 million Euros). The
equity ratio rose to 58 percent (Sept. 30, 2009: 57 percent).
With the strong revenue growth in the third quarter and a good order
backlog of currently approx. 35 million Euros (PY: 33 million Euros),
management expects an increase in revenues for the entire financial year
2009/2010 (Oct. 1, 2009 - Jun. 30, 2010) to more than 60 million Euros with
improved EBT margin. The order entries show the strongest growth impulses
in Asia and South America. In Europe, ISRA currently expects a good
increase. The positive signals from North America are intensifying. The
order entries in the business units Metals and Plastics remain strong. The
standard paper sector is showing first positive signals. The Specialty
Paper business unit continues to show positive developments. In the Print
segments, ISRA's innovations provide a very strong demand. In the
Automotive business unit, important customers have abandoned their
investment restraint. ISRA expects the business to improve even further
here, also as a result of the investment backlog - from the period of
financial and economic crisis.
ISRA's long-term growth strategy aims at surpassing the revenue threshold
of 100 million Euros in the foreseeable future. For the anticipated
business development, ISRA expects a reinforcement of the overall economic
environment as well as positive effects from the sales and innovation
offensive. This should have a positive effect on the further revenue and
profit performance. A key component of ISRA's long-term growth strategy is
external expansion through acquisitions of appropriate targets. An
additional acquisition is expected for 2011.
31.08.2010 08:07 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: 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 Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: ISRA VISION AG: Q3-2009/2010: Quarterly revenues + 24%, Quarterly EBT + 38%; Nine-month revenues + 5%, Nine-month EBT + 18%
| Source: EQS Group AG