DGAP-Adhoc: Advanced Vision Technology Ltd.: AVT continues to boost revenues and earnings in Q3 2013

DGAP-Adhoc: Advanced Vision Technology Ltd.: AVT continues to boost revenues 
and earnings in Q3 2013

Advanced Vision Technology Ltd.  / Key word(s): Quarter Results

18.11.2013 08:55

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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AVT continues to boost revenues and earnings in Q3 2013

  - Third quarter revenues increase to USD 12.9 million (+8.9% over Q3
    2012) and EBIT increases to USD 1.6 million (+38.2% over Q3 2012)

  - Total revenues increase to USD 37.5 million in the first nine months of
    2013 (+6.2% compared to USD 35.4 million in the respective period of
    last year)

  - EBIT of USD 4.3 million in the first nine months of 2013 (+31.0% over
    USD 3.3 million for the nine-month period 2012)

Hod-Hasharon, Israel, November 18, 2013 - Advanced Vision Technology (AVT)
Ltd. has experienced a vivid business in third quarter of 2013. The world's
leader in print process control, quality assurance and color control for
the packaging, labels, folding cartons, metal decoration and commercial
print markets continued to grow - in revenues and even more in
profitability.

Due to enlarged sales to the Packaging and Labels convertors markets, AVT
recorded revenues of USD 12.9 million in Q3 2013, representing an increase
of 8.9% compared to USD 11.8 million in the respective quarter of 2012 and
an increase of 3.9% over USD 12.4 million in Q2 2013. Total revenues in the
current first nine months increased to USD 37.5 million, 6.2% over USD 35.4
million in the respective period of last year.

Gross margin increased to 53.9% in the third quarter of 2013 compared to
51.8% in the third quarter of 2012. Gross margin in the first nine months
of 2013 was 54.1 % compared with 52.6% in the nine-month period 2012.

Earnings before interest and taxes (EBIT) in the first nine months of 2013
were USD 4.3 million, representing an increase of 31% over USD 3.3 million
in the same period in 2012.
On a quarterly basis, EBIT increased by 38.2% to USD 1.6 million in Q3 2013
compared with USD 1.1 million in the respective period of last year.

Net income for the nine-month period ended September 30, 2013 was USD 3.5
million or USD 0.61 per share (diluted) compared with net income of USD 2.9
million or USD 0.52 per share (diluted) for the respective period in 2012.
Net income for Q3 2013 was USD 1.5 million compared with USD 1.1 million in
the same quarter of last year.

Net cash provided by operating activities during the first nine months of
2013 increased significantly to USD 6.9 million compared to USD 0.7 million
in the same period in 2012.


18.11.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Advanced Vision Technology Ltd.
              Hanagar 6
              45241 Neve Ne'eman, Hod Hasharon
              Israel
Phone:        +972 9 761-4444
Fax:          +972 9 761-4555
E-mail:       IR@avt-inc.com
Internet:     www.avt-inc.com
ISIN:         IL0010837248
WKN:          931340
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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