DGAP-News

Advanced Vision Technology Ltd.: AVT Reports First Nine Months of 2015 Financial Results

DGAP-News: Advanced Vision Technology Ltd. / Key word(s): 9-month
figures
Advanced Vision Technology Ltd.: AVT Reports First Nine Months of 2015
Financial Results

11.11.2015 / 09:00

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AVT Reports First Nine Months of 2015 Financial Results

Highlights for first nine months of 2015:

- New Order Booking totaled USD 41.2 million, compared with USD 40.6
million in the first nine months of 2014

- Revenues totaled USD 38.4 million, compared with revenues of USD 41.1
million in the first nine months of 2014, decline primarily due to
adverse exchange rate effects.

- Operating Income totaled USD 3.1 million, compared with USD 4.6 million
in the first nine months of 2014

- Net Income totaled USD 2.1 million, compared with USD 3.6 million in
the first nine months of 2014

- Total number of systems shipped increased by about 10% compared with
the first nine months of 2014

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

Hod-Hasharon, Israel, November 11, 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 nine months of 2015 ended September 30.

Revenues in the first nine months of 2015 totaled USD 38.4 million, 6.4%
lower than the USD 41.1 million generated in the first nine months of 2014.
The decrease in total revenues compared with the first nine months of 2014
is due mainly to the unfavorable impact of the Euro exchange rate relative
to the US Dollar of approximately USD 3.2 million, when compared to foreign
currency exchange rates in the first nine months of 2014. Euro based
Revenues for the first nine months of 2015 were approximately 40% of the
total.

New order booking in the first nine months of 2015 totaled USD 41.2 million
representing an increase of 1.5% compared with order booking of USD 40.6
million in the first nine months of 2014. The impact of the stronger U.S.
dollar vs. other currencies in the first nine months of 2015, if compared
with same exchange rates in the first nine months of 2014, on the order
booking was in the amount of approximately USD 2.8 million.

Gross margin in the first nine months of 2015 was 53.0% compared with
52.5%, in the first nine months of 2014.

Operating income in the first nine months of 2015 totaled USD 3.1 million
with operating income of USD 4.6 million in the first nine months of 2014.