DGAP-News

Electronics Line 3000 Ltd.: Revenue and profit increased significantly in FY 2013

DGAP-News: Electronics Line 3000 Ltd. / Key word(s): Final Results
Electronics Line 3000 Ltd.: Revenue and profit increased significantly
in FY 2013

10.04.2014 / 18:10

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Corporate News: Electronics Line 3000 Ltd.

Revenue and profit increased significantly in FY 2013

- Revenues increased to US$ 16.5 million in FY 2013 (2012: US$ 14.3
million)

- Gross profit margin increased from 37% to 42%

- Net profit of US$ 2.9 million (2012: US$ 1.1 million), including tax
income of approx. US$ 1.1 million

- Net cash provided by operating activities improved to US$ 1.7 million
(2012: US$ 0.6 million)

- Equity ratio climbed from 52% to 71%

- Further growth expected in FY 2014

- Change from the Prime Standard to the General Standard

Rishon LeZion, Israel (April 10, 2014) - Electronics Line 3000 Ltd. (the
"Company" or "Electronics Line") (XETRA: ELN), a global provider of
wireless security with remote management solutions, today published the
financial results and the annual report for fiscal year 2013 ("Reporting
Period"). As sales declined less than projected in the fourth quarter of
2013, the Company significantly improved revenues and profits in the
Reporting Period. The management expects this positive trend to continue in
FY 2014.

Financial Highlights

- The Company's revenues in the Reporting Period amounted to US$ 16.5
million, a significant rise of approx. 15% compared to revenues of US$
14.3 million during the 12 months' period ended at December 31, 2012.
The increase in revenues is attributed to the successful implementation
of the Company's strategy to expand markets, recruit new customers and
to find new opportunities.

- The gross profit for the Reporting Period therefore amounted to US$ 7.0
million (gross profit margin: 42%) compared to US$ 5.3 million (gross
profit margin: 37%) in 2012. The margin increase resulted from
efficiency gains, the use of outsourcing partners and continuing sales
of high margin products.

- The net profit amounted to US$ 2.9 million in the Reporting Period,
significantly exceeding the net profit of US$ 1.1 million for FY 2012.
In addition to the increase in revenues and the successful
reorganization of the loan structure in earlier periods, the Company
recorded a tax income of approx. US$ 1.1, deriving from tax loss carry
forwards. Selling and marketing expenses meanwhile increased along with
the rise in sales, while administrative expenses disproportionately
rose to US$ 1.6 million during the Reporting Period (2012: US$ 1.2