Advanced Vision Technology Ltd. / Key word(s): Half Year Results/Quarter
Results
09.08.2012 08:58
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.
---------------------------------------------------------------------------
Adhoc Release according to section § 15 Security Trading Act (WpHG)
AVT realizes high level revenues and further improvements of profitability
in Q2 2012
- Revenues of USD 11.5 million (compared with USD 11.2 million in Q2 2011
and USD 12.1 million in Q1 2012)
- EBIT of USD 2.1 million in the first six months of 2012(+90.9 % over
USD 1.1. million in H1 2011)
- Net income of USD 1.8 million in the first six months of 2012 (+57.4%
over USD 1.2 million in H1 2011)
Hod-Hasharon, Israel, August 9th, 2012 - Despite the continuing
uncertainties around the globe, as some of the EU economies are facing
significant economic challenges and the US recovery stalled, Advanced
Vision Technology (AVT) Ltd. has experienced a high level of both revenues
and profitability during the second quarter of 2012.
In the second quarter of 2012, AVT's revenues amounted to USD 11.5 million,
representing an increase of 2.6% over USD 11.2 million recorded in the
second quarter of 2011 and a decrease of 5.2% compared to revenues of USD
12.1 million in the first quarter of 2012. During the first six months of
2012 AVT presents 8.4% growth in total revenues to USD 23.6 million,
compared to USD 21.7 million in the respective period in 2011.
EMEA (Europe, Middle East & Africa) contributed 40% of H1 2012 revenues
compared to 48% in H1 2011, the Americas contributed 39% compared to 43 %
in H1 2011, while AVT business in the Asia-Pacific region expanded from 9%
to 21%.
Order bookings in the second quarter 2012 totaled USD 11.2 million, 6.5%
below the same period in 2011. The US market affected the overall company
achievements with low order bookings of USD 1.25 million representing 14.7%
of total product order bookings, compared with USD 8.3 million or 23% of
total new product orders in fiscal year 2011. In the first six months AVT
recorded total order bookings of USD 22.9 million, 3.9% below the same
period in 2011. Order bookings from Asia-Pacific in the first half of 2012
increased by 27.8%. Over USD 2 million of the new orders were booked during
DRUPA, the largest and most important print trade show held in May 2012 in
Dusseldorf, Germany.
In Q2 2012 and during the first six months of 2012, AVT managed to further
improve its profitability: Gross margin for second quarter increased from
49.2% in 2011 to 52.3% in 2012. EBIT increased to USD 1.0 million in Q2
2012, compared to USD 0.7 million in the respective period in 2011. EBIT
for the first six months totaled to USD 2.1 million, representing an
increase of 90.9% over USD 1.1 million in H1 2011. Net profit for the six
months ended on June 30, 2012 was USD 1.8 million or USD 0.33 per share
(diluted) compared with net profit of USD 1.2 million or USD 0.21 per share
(diluted) for H1 2011.
09.08.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Advanced Vision Technology Ltd.
Hanagar 6
45241 Neve Ne'eman, Hod Hasharon
Israel
Phone: +972 9 761-4444
Fax: +972 9 761-4555
E-mail: IR@avt-inc.com
Internet: www.avt-inc.com
ISIN: IL0010837248
WKN: 931340
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: Advanced Vision Technology Ltd.: AVT realizes high level revenues and further improvements of profitability in Q2 2012
| Source: EQS Group AG