DGAP-Adhoc: Advanced Vision Technology Ltd.: AVT increases revenues and profitability in Q2 2014

Advanced Vision Technology Ltd.  / Key word(s): Quarter Results/Half Year
Results 

07.08.2014 09:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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AVT increases revenues and profitability in Q2 2014

- Total revenues of USD 13.7 million 
  (up 10.5% from USD 12.4 million in Q2 2013)

- EBIT in Q2 2014 USD 1.8 million 
  (up 34.4% compared to USD 1.4 million in Q2 2013)

- Order booking totals USD 26.7 million in H1 2014 (up 9.1% over H1 2013)

Hod-Hasharon, Israel, August 7, 2014 - Advanced Vision Technology (AVT)
Ltd., the world's leader in print process control, quality assurance and
color control for the packaging, labels, folding cartons and commercial
print markets, presents an increase in its revenues and profitability in
the second quarter 2014.

The revenues in the second quarter of 2014 totaled USD 13.7 million, which
represents an increase of 10.5% compared to the respective period in 2013
(USD 12.4 million), and an increase of 2.1% compared to the first quarter
of 2014. For the first half of 2014 revenues reached USD 27.1 million, 9.7%
over H1 2013 revenues (USD 24.7 million).

The increase in revenues is mainly attributable to higher sales at the
labels and packaging converters printing markets. Aligned with rising
revenues, the order booking totaled USD 26.7 million representing an
increase of 9.1% compared to the first six months in 2013 (USD 24.4
million). Revenues in H1 2014 were mainly driven in the EMEA (Europe,
Middle East & Africa) markets which contributed 44% of total revenues (36%
during H1 2013).

EBIT (earnings before interest and taxes) in Q2 2014 totaled USD 1.8
million, an increase of 34.4% compared to Q2 2013 (USD 1.4 million). In the
first six months of 2014 EBIT totaled USD 3.1 million, 17.5% higher than in
the respective period of 2013 (USD 2.7 million).

Gross margin slightly decreased from 54.2% in H1 2013 to 52.8% in H1 2014
primarily due to higher service costs coupled with the unfavorable exchange
rate of the Israeli Shekel relative to the US Dollar. On a quarterly basis,
gross margin increased from 54.2% in the second quarter of 2013 to 55.2% in
Q2 2014.

The net income for the first six months totaled USD 2.3 million or USD 0.37
per share (diluted), a growth of 11.2% compared to H1 2013 (USD 2.0
million; USD 0.35 per share).


07.08.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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
 
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