DGAP-Adhoc
ISRA VISION AG: A further quarter of double-digit growth - forecasted revenue goal of 100 million euros is becoming a reality - Seite 2
raises by one percentage point compared to the same period of the previous
year (Q3-YTD-12/13: 16%). EBIT (Earnings Before Interest and Taxes) expand
by 14 percent to 13.4 million euros (Q3-YTD-12/13: 11.7 mill. euros). The
EBIT margin reaches once again a value of 17 percent to total output
(Q3-YTD-12/13: 17%). Based on an EBITDA (Earnings Before Interest, Taxes,
Depreciation and Amortization) of 19.9 million euros (Q3-YTD-12/13: 17.7
mill. euros), the EBITDA margin amounts to 26 percent to total output
(Q3-YTD-12/13: 26%). Adding up to 60 percent to total output, the gross
margin (total output minus cost of materials and labor of production and
engineering) remains constant at a high level (Q3-YTD-12/13: 60%). By the
end of the third quarter on June 30, 2014, ISRA achieved an operative cash
flow of 11.4 million euros (June 30, 2013: 10.8 mill. euros). Given the
increase in equity ratio by two percentage points to 59 percent (September
30, 2013: 57%) and the available credit lines, the company is equipped with
solid capital resources for future growth.
The good business development of the first six months in revenues and
earnings also continued in the third quarter of 2013/2014. As in the
previous quarters, especially the Asian market is registering a dynamic
growth. In Europe, the positive course from the second quarter continued.
The company is recording increasing demand impulses from Eastern Europe,
whereby the Russia business is of little importance, as in the previous
years. The order entries in the Americas show a more moderate development
and are additionally being intensified through targeted marketing and sales
measures.
In the reporting quarter, ISRA continued to grow in both segments - Surface
Vision and Industrial Automation. In the past financial year 2012/2013, the
Industrial Automation segment was one of the strongest growth drivers with
a revenue increase of 30 percent. In the current reporting period, the
revenues in this segment were not only held at the high level of the
previous year - but raised by 11 percent to 15.8 million euros
(Q3-YTD-12/13: 14.2 mill. euros). The development is supported by a
continuously high demand for innovative 3D system solutions, particularly
by premium German automobile manufacturers and the US-American automotive
industry. EBIT rise by 14 percent to 3.0 million euros (Q3-YTD-12/13: 2.6
mill. euros), the EBIT margin amounts to 17 percent referenced to total
output (Q3-YTD-12/13: 16%). For the financial year, management expects a
double-digit growth in this segment.
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