DGAP-Adhoc

ISRA VISION AG: ISRA starts 2016/2017 with double-digit growth - INDUSTRIE 4.0 further strategical focus - Seite 2

surface inspection of web materials and 3D machine vision applications,
continued the strong development of the past financial year in the first
quarter of 2016/2017 and again achieved profitable growth. In the first
three months of 2016/2017, ISRA generated revenues of 28.5 million euros
(Q1 15/16: 26.0 million euros) - a plus of 10 percent compared to the same
period of the previous year. EBT - a key ratio for management of the Group
- increased by 11 percent to 5.6 million euros (Q1 15/16: 5.0 million
euros). This resulted in an increase of the EBT margin to revenues by one
percentage point to 20 percent (Q1 15/16: 19%); while reaching 18 percent
to total output (Q1 15/16: 18%). The measures taken to increase
productivity and efficiency were systematically continued in the new
financial year. Given the increase in the equity ratio by four percentage
points to 64 percent (September 30, 2016: 60%) and the available credit
lines, ISRA has solid capital resources for future growth. Earnings per
share after taxes (EPS) rise by 11 percent to 0.88 euros (Q1 15/16: 0.79
euros).

The high profitability of the Company was again confirmed at the beginning
of the 2016/2017 financial year. EBITDA (Earnings Before Interest, Taxes,
Depreciation and Amortization) rises by 16 percent to 9.1 million euros
compared to the same period of the previous year (Q1 15/16: 7.8 million
euros). This results in an EBITDA margin improvement by two percentage
points to 32 percent to revenues (Q1 15/16: 30%) and by one percentage
point to 29 percent to total output (Q1 15/16: 28%). At 5.7 million euros,
EBIT (Earnings Before Interest and Taxes) was 9 percent higher than the
previous year's figure (Q1 15/16: 5.2 million euros). Thus, the EBIT margin
reaches 20 percent to revenues (Q1 15/16: 20%) and 18 percent to total
output (Q1 15/16: 18%).

The balance sheet reflects the high order backlog of approx. 90 million
euros gross (as of February 27, 2017; PY: 85 million euros gross). Trade
receivables slightly decrease to 87.1 million euros (September 30, 2016:
88.5 million euros). This figure includes receivables from delivered and
invoiced systems of 37.0 million euros (September 30, 2016: 38.7 million