DGAP-Adhoc

ISRA VISION AG: Double-digit growth in the first six months - ISRA continues growth path with high order backlog

DGAP-Ad-hoc: ISRA VISION AG / Key word(s): Quarter Results ISRA VISION AG: Double-digit growth in the first six months - ISRA continues growth path with high order backlog 31-May-2017 / 07:58 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

ISRA VISION AG: 1st half year 2016/2017 - A further step to 150+: Revenues and EBT each grow by +11%

Double-digit growth in the first six months - ISRA continues growth path with high order backlog

- Revenues at 58.9 million euros, plus 11% (Q2-YTD-15/16: 53.3 million euros)

- EBT growth of 11% to 11.5 million euros (Q2-YTD-15/16: 10.3 million euros)

- Continued strong margin level to total output [to revenues]:

- EBITDA margin at 28% [31%] (Q2-YTD-15/16: 28%); plus 13%

- EBIT margin at 18% [20%] (Q2-YTD-15/16: 18%); plus 10%

- EBT margin at 18% [19%] (Q2-YTD-15/16: 18%); plus 11%

- Gross margin remains at high level of 61% to total output (Q2-YTD-15/16: 61%)

- Operating cash flow improves to 15.0 million euros (Q2-YTD-15/16: 13.9 million euros)

- Net debt reduced by a total of 6.0 million euros

- High order backlog of currently 90 million euros gross (PY: 85 million euros gross)

- Customer service and support with increased revenue contribution

- Guidance for 2016/2017: Profitable revenue growth of approx. 10 percent with strong margins similar to previous year, focus on further increase

ISRA VISION AG (ISIN: DE 0005488100), one of the world's top companies for industrial image processing (Machine Vision) as well as globally leading in surface inspection of web materials and 3D machine vision applications, has further increased its revenues and profitability in another successful quarter and sets a good basis for achieving its planned annual target. With a revenue growth of 11 percent to 58.9 million euros compared to the same period of the previous year (Q2-YTD-15/16: 53.3 million euros), the Company is continuously pursuing its growth objectives. EBT, a key indicator for group management, also improves by 11 percent to 11.5 million euros (Q2-YTD-15/16: 10.3 million euros) compared to the same period of the previous year. The EBT margin hereby amounts to 19 percent of revenues (Q2-YTD-15/16: 19 %) and 18 percent to total output (Q2-YTD-15/16: 18 %). Especially the optimization of cash flow and working capital will continue to stay in focus of management. The measures initiated in the previous quarters show their effect and lead to an improvement in operating cash flow to 15.0 million euros in the first half of the financial year (Q2-YTD-15/16: 13.9 million euros), while net debt (short-term and long-term financial liabilities minus cash and cash equivalents) was reduced by 6.0 million euros. With a high order backlog of 90 million euros gross (PY: 85 million euros gross) and an overall positive business climate in ISRA's target markets, the Company has a solid basis for a successful second half of the year.