Isra Vision AG: Profitable Growth Continues

Date: 3 March 2007

Isra Vision AG, supplier of industrial image processing systems (Machine Vision), saw a seamless continuation of its excellent business development of the past few years in the first quarter of the new 2006/2007 fiscal year (October 1 to December 31, 2006), recording increases in net sales and profits.

The ISRA group's EBT (Earnings Before Taxes) climbed 14 percent in the period October 1 to December 31, 2006, increasing to 2.5 million euros. The EBT Margin (EBT in relation to total operating revenue) improved in comparison to the same period last year, increasing a further percentage point to 19 percent. The return on sales before taxes reached 21 percent (previous year: 20 percent).



In the first quarter of 2006/2007, net sales grew by seven percent, reaching 11.9 million euros, and total operating revenue (net sales plus capitalized development) climbed by nine percent, reaching 13.4 million euros. At the same time, gross profit (total operating revenue less production costs) increased to 7.8 million euros. The gross profit margin (gross profit in relation to total operating revenue) thus rose by a further percentage point to 59 percent. Net profit increased by 21 percent, reaching 1.7 million euros, while earnings per share rose from 0.35 euros to 0.38 euros. The share of equity capital improved from 73.0 to 74.5 percent.



In the first quarter of 2006/2007, ISRA took over the British company IAL. In January (i.e. in the second quarter of fiscal year 2006/2007), ISRA then successfully acquired IAL's US sister company, IAI. The two enterprises emerged from an English competitor in the Float Glass division. The companies have not yet made a significant contribution to the ISRA group's net sales and earnings as of the end of the first quarter of 2006/2007.



The Surface Vision business division exceeded the volume of total operating revenue from the same period last year, posting 9.4 million euros in the first quarter. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) improved by seven percent to 2.5 million euros and EBIT remained stable, posting 1.7 million euros. The EBIT margin decreased slightly, falling 0.2 percentage points to 18.0 percent. A positive trend can be observed in the Industrial Automation business division. Total operating revenue in this segment rose 34 percent to 4.0 million euros. EBITDA improved nine percent to reach 1.0 million euros; EBIT increased by 51 percent to reach 0.7 million euros. Return on sales saw an increase of two percentage points to reach 17.1 percent.



As one of the global leaders on the growth market Machine Vision, ISRA is excellently positioned. With its two fields of technology, optical robot guidance and optical surface inspection, ISRA, with its innovative products, is concentrating on increasing efficiency for its customers from industry sectors that are particularly strong in growth. This multi-segment strategy provides the company with several profit drivers, to cushion, on the one hand, economic fluctuations in individual areas, and, on the other, to take advantage of growth opportunities in new sectors.

600450 Isra Vision AG: Profitable Growth Continues glassonweb.com

See more news about:

Others also read

In addition to the five-part video series, Glass for Europe is thrilled to unveil a two-pager Manifesto outlining its priorities and policy recommendations for the 2024-2029 mandate of the European institutions.
NSG Group announces that the Group has decided to cease the production on a float line at Weiherhammer site, Germany, ahead of the cold repair planned next year.
On the Global Recycling Day (18 March), Glass for Europe launched a new webpage dedicated to flat glass recycling.
Glass for Europe is pleased to observe that the EC has acknowledged glass as an example of a material for which research and innovation must be supported to enable greater wellbeing in buildings.
Guardian Glass North America honored the glaziers and fabricators of seven commercial projects at its 7th annual Commercial Project Awards event March 4 in Nashville.
These cutting-edge lines, boasting a collective capacity of nearly 20 million square meters, will be located in Turkey, Italy and Bulgaria.

Add new comment

From industry

İçmeler Mah. D-100 Karayolu Cad. No:44A,
34947 Tuzla,/İstanbul
Turkey

NEWS RELATED PRODUCTS

Qingdao REXI Industries Co., Ltd
Rider Glass Company Limited
Şişecam
Guardian Glass North America