DGAP-Adhoc

ISRA VISION AG: ISRA continues growth course - First six months financials with solid - Seite 2

euros), EBIT (Earnings Before Interest and Taxes) rose to 7.4 million euros
(Q2 YTD 11/12: 6.9 mill. euros). The EBITDA margin stabilized at 26 percent
to total output (Q2 YTD 11/12: 26%), EBITDA (Earnings Before Interest,
Taxes, Depreciation and Amortization) increased to 11.4 million euros (Q2
YTD 11/12: 10.7 mill. euros).

The gross margin (total output minus cost of materials and labor of
production and engineering) with 60 percent (Q2 YTD 11/12: 60%) with
respect to total output is within the medium-term target corridor and
underscores the potential for the future in this key number. The cash flow
from operating activities improved in the second quarter to 5.8 million
euros (Q1 12/13: 0.7 million euros), the net cash flow was at -0.8 million
euros (Q1 12/13: -1.9 million euros) - before dividend payout and
investment for acquisitions at +1.1 million euros. In addition, the company
features solid capital resources for future growth with an equity ratio
that climbed to 58 percent (September 30, 2012: 56%). Earnings per share
after taxes increased by 10 percent to 1.12 euros (Q2 YTD 11/12: 1.02
euros).

With respect to the regional business development, ISRA profits from its
strong worldwide presence. In the first six months, the company achieved
revenue growths in Asia as well as North and South America. In Europe, the
economic situation and the investment delays associated with it lead to a
more restrained business. To generate new growth impulses, the company
reinforces the sales and marketing activities in all regions. For the
further course of the financial year, different developments are to be
expected in the individual business areas, whereas in Asia and America
order entries show further growth.

In the reporting quarter, ISRA expanded in both segments - Surface Vision
and Industrial Automation. In the Industrial Automation segment, revenues
in the first six months of the 2012/2013 financial year grew by 19 percent
to 6.2 million euros (Q2 YTD 11/12: 5.2 mill. euros) as expected. EBIT also
increased by 19 percent and reached 1.2 million euros (Q2 YTD 11/12: 1.0
mill. euros). This corresponds to an EBIT margin to total output of 16
percent (Q2 YTD 11/12: 16%). A high demand was recorded in particular by
the automotive industry in Germany. A strategic million euro order from an
important premium manufacturer will partly already contribute to revenues
in this financial year. The current volume of inquiries in this segment
indicates a strong second half of the year.

In the Surface Vision segment, revenues increased by 6 percent to 33,9