DGAP-News

AVT Reports First Half of 2015 Financial Results

DGAP-News: Advanced Vision Technology Ltd. / Key word(s): Half Year
Results
AVT Reports First Half of 2015 Financial Results

12.08.2015 / 08:30

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AVT Reports First Half of 2015 Financial Results

Highlights for first half of 2015:

- Revenues in the first half of 2015 totaled USD 26.1 million, compared
with revenues of USD 27.1 million in the first half of 2014

- New Order Booking totaled USD 27.3 million, compared with USD 26.7
million in the first half of 2014

- Operating Income totaled USD 2.3 million, compared with USD 3.1 million
in the first half of 2014

- Net Income totaled USD 1.5 million, compared with USD 2.3 million in
the first half of 2014

- Announced Strategic alliance with Erhardt + Leimer and acquisition of
its inspection assets

Hod-Hasharon, Israel, August 12, 2015 - AVT (Advanced Vision Technology
Ltd, Prime Standard of the Frankfurt Stock Exchange, ISIN: IL0010837248), a
leading provider of process control, quality assurance and color control
solutions for the printing industry, announced today the financial results
for the first half of 2015 ended June 30.

Revenues in the first six months of 2015 totaled USD 26.1 million, 3.6%
lower than the USD 27.1 million generated in the first six months of 2014.
The decrease in total revenues compared with the first half of 2014 is due
mainly to unfavorable impact of the Euro exchange rate relative to the US DollarDollar of approximately USD 2.3 million, when compared to foreign currency
exchange rates in the first half of 2014. Euro based Revenue for the first
six months of 2015 was approximately 40% of the total.

New order booking in the first six months of 2015 totaled USD 27.3 million
representing an increase of 2.3% compared with order booking of USD 26.7
million in the first half of 2014. The impact of the stronger U.S. dollar
vs. other currencies in the first half of 2015, if compared with same
exchange rates in the first half of 2014, on the order booking was in the
amount of approximately USD 2.0 million.

Gross margin in the first six months of 2015 was 53.5% compared with 52.8%,
in the first half of 2014.

Operating income in the first six months of 2015 totaled USD 2.3 million
with operating income of USD 3.1 million in the first half of 2014.

Net income in the first six months of 2015 was USD 1.5 million or a profit
of USD 0.25 per share (diluted) compared with net income of USD 2.3 million
or a profit of USD 0.37 per share (diluted) in the first half of 2014.