Orad Hi-Tec Systems Ltd / Key word(s): Forecast/Forecast 10.07.2014 08:30 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Orad estimates revenue growth of 22% to 26% in 2014 - Expected revenues between USD 39-40 Million - Operating profits between 6% to 8% of revenues Kfar-Saba, Israel, July 10th 2014- Orad Hi-Tec Systems Ltd. (ISIN IL0010838071; Symbol: OHT), a leading developer, marketer and distributor of state-of-the-art 3D real-time graphic, video servers, and MAM solutions for the broadcasting markets, announced today its expectations for revenues and operating profits for 2014. Orad is currently in the process of finalizing its financial statements for the second quarter of 2014 and is already seeing a substantial growth in revenues in this quarter compared to the same period last year. Based on the information already available, Orad expects 2014 revenues to be between USD 39.0- 40.0 million, representing an increase of 22% to 26% compared to 2013 revenues. The full year operating profits for 2014 are expected to be approximately 6% to 8% of revenues, compared to the operating loss of 5% in 2013. Orad will be publishing its detailed financial statement for the second quarter of 2014 on August 6th 2014. About Orad: Orad Hi-Tec Systems is a world-leading provider of real-time 3D broadcast graphic, video server, and media asset management solutions including news, channel branding, sports production and enhancement, elections and special events, virtual studios, and virtual advertisement. Orad's comprehensive solutions streamline production workflow, enhance viewer experience, and improve production value. Founded in 1993, Orad is a public company listed on the Frankfurt Stock Exchange (OHT). Further information about Orad is available through the internet at www.orad.tv. For further information, please contact: ORAD Hi-Tec Systems Ltd Ilan Sidi C.F.O. +972 9 7676 862 ilan@orad.tv Investor Relations edicto GmbH Dr. Sönke Knop Frankfurt Germany +49 69-90550551 sknop@edicto.de Forward Looking Statements This press release contains forward-looking statements that are based on the knowledge of the environment in which the Company currently operates, but because of factors beyond its control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, financial risk, acquisition risk, changes in technology, as well as other risks. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. As a result, investors should not place undue reliance on these forward-looking statements. 10.07.2014 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: Orad Hi-Tec Systems Ltd 15 Atir Yeda str POB 2177 44425 Kfar Saba Israel Phone: +972-9-7676862 Fax: +972-9-7676861 E-mail: orad@orad.tv Internet: www.orad.co.il ISIN: IL0010838071 WKN: 928634 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; London End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Orad Hi-Tec Systems Ltd: Orad estimates revenue growth of 22% to 26% in 2014
| Source: EQS Group AG