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DGAP-Adhoc: Valor's Q2 Results Show Revenue Growth and Highest Profits since the Year 2000; Annual Profit Forecast Revised Upwards to $3.75 Million.
07.08.06 | 07:33 Uhr
Valor Computerized Systems Ltd. / Quarter Results
07.08.2006
Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Valor's Q2 Results Show Revenue Growth and Highest Profits since the Year
2000;
Annual Profit Forecast Revised Upwards to $3.75 Million.
YAVNE, Israel - August 7th, 2006 - Valor Computerized Systems [Prime
Standard: VCR], the leader in productivity-enhancing solutions for the
Electronics Industry, announces today its financial results for the
six-month period ending June 30, 2006.
The net profit in the second quarter of 2006 was $1 Million - a growth of
nearly 150% over the parallel quarter of the previous year. The net profit
in the first six months of 2006 was $1.75 Million, an increase of 68%
percent as compared to $1 Million in the first six months of 2005.
The company's cash flow from operating activities in Q2-06 was $1.7
Million, nearly 7 times more compared to $241 thousand in Q2-05.
Revenues in the second quarter of 2006 accumulated to $9.2 Million, an
increase of 10% compared to $8.4 Million in the first quarter of 2006, and
an increase of 2% compared to $9 Million in the second quarter of 2005.
EBIT in Q2-06 was $856 thousand - an increase of 157% compared to $333
thousand in Q2-05. In the first half of 2006, EBIT was $1.4 Million - 68%
more than in the parallel period of 2005.
Earnings per Share (diluted) in the first half of 2006 were $0.08, as
compared to $0.05 in the first half of 2005.
Summary of Financial Data:
(all figures are in US$ 1000, unless otherwise noted)
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
Some of the following statements are forward-looking in nature, and actual
results may differ materially.
"I'm very pleased with the results", said Ofer Shofman, Valor's President
and CEO. "As previously predicted, the successful implementation of a
restructuring process enabled us to show an increase in revenues in Q2 as
well as significant increase in net profits".
"We have been able to penetrate several of the world's largest electronics
companies with our TraceXpert solution this quarter. We expect these deals
to deliver significant business in the upcoming years and to open the doors
for us into new markets", he added.
"By the end of the year we are planning to launch a number of new
products", Shofman revealed. "The first one, to be launched within a few
months, will provide a web-based collaboration platform between our
customers and their clients. It will increase the overall value of our
solution, thus making it more attractive and allowing us to extend our
opportunities and increase our sales", he explained.
"Overall, we expect to see continued growth in the next quarter - both in
revenues and net profits", said Shofman. "We expect this trend to continue
in the upcoming quarters as well, and as a result, we are revising our
annual net profit forecast upwards, from $3 Million to $3.75 Million", he
announced.
The complete quarterly report can be downloaded from the Investor Relations
Section on the Valor corporate website: www.valor.com
About Valor
Valor Computerized Systems develops compelling technologies for simulating
and optimizing the manufacture of printed circuit boards. Valor"s
breakthrough technologies for product design analysis, simulation and
optimization of PCB assembly, and Manufacturing Operations Management
increase productivity, yield and quality, and help streamline and
accelerate product innovation in a fast-paced global market. Valor is
listed on the Prime Standard of the Frankfurt Stock Exchange [WKN 928731,
ISIN IL0010845324]. Its customer base includes the majority of Tier I and
Tier II companies in the electronics industry, most of which are fortune
500 companies. More information on Valor can be found on www.valor.com.
Contact Information
Valor Corporate:
Alon Erlich, Valor Computerized Systems, Ltd.;IR@Valor.com; Tel:
+972-(0)8-943-2430
IR Contact Germany:
Sönke Knop and Axel Mühlhaus, edicto GmbH;sknop@edicto.de; Tel:
+49-(0)-6084-94859-1
Editor Contact:
Cathryn Hage, Anderson Burnbreck PR; cathryn-h@andburn.co.uk; Tel:
+44-1242-518399
Risks Regarding Forward Looking Statements
Certain statements included herein, containing forward looking terminology
or the negative thereof or other variations thereof or comparable
terminology, constitute ``forward-looking statements"". In addition, all
information included herein with respect to projected or future results of
operations, financial condition, financial performance or other financial
or statistical matters constitute such forward-looking statements. The
Company wishes to caution prospective investors not to rely on any such
forward-looking statements as predictions of future events. The Company
does not undertake, and specifically disclaims any obligation, to update
any forward-looking statements, which speak only as of the date made.
For additional information, see our website at:
www.valor.com/Forward_Looking_Statements.jsp
DGAP 07.08.2006
---------------------------------------------------------------------------
Language: English
Issuer: Valor Computerized Systems Ltd.
4 Faran Street
70600 Yavne Israel
Phone: -8898
Fax: -8897
E-mail: IR@valor.com
WWW: www.valor.com
ISIN: IL0010845324
WKN: 928731
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
---------------------------------------------------------------------------
07.08.2006
Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Valor's Q2 Results Show Revenue Growth and Highest Profits since the Year
2000;
Annual Profit Forecast Revised Upwards to $3.75 Million.
YAVNE, Israel - August 7th, 2006 - Valor Computerized Systems [Prime
Standard: VCR], the leader in productivity-enhancing solutions for the
Electronics Industry, announces today its financial results for the
six-month period ending June 30, 2006.
The net profit in the second quarter of 2006 was $1 Million - a growth of
nearly 150% over the parallel quarter of the previous year. The net profit
in the first six months of 2006 was $1.75 Million, an increase of 68%
percent as compared to $1 Million in the first six months of 2005.
The company's cash flow from operating activities in Q2-06 was $1.7
Million, nearly 7 times more compared to $241 thousand in Q2-05.
Revenues in the second quarter of 2006 accumulated to $9.2 Million, an
increase of 10% compared to $8.4 Million in the first quarter of 2006, and
an increase of 2% compared to $9 Million in the second quarter of 2005.
EBIT in Q2-06 was $856 thousand - an increase of 157% compared to $333
thousand in Q2-05. In the first half of 2006, EBIT was $1.4 Million - 68%
more than in the parallel period of 2005.
Earnings per Share (diluted) in the first half of 2006 were $0.08, as
compared to $0.05 in the first half of 2005.
Summary of Financial Data:
Q2 / Q2 / % H1 / H1 / %
2006 2005 Change 2006 2005 Change
Product Sales 5,745 5,893 (2.5)% 10,897 11,733 (7.1)%
Maintenance 3,443 3,110 10.7% 6,673 5,975 11.7%
Total Revenues 9,188 9,003 2.1% 17,570 17,708 (0.8)%
Gross Profit 8,317 7,670 8.4% 15,583 15,227 2.3%
EBITDA 1,165 496 134.7% 1,890 1,166 62.0%
EBIT 856 333 156.8% 1,427 851 67.6%
Net Profit 1,002 408 145.6% 1,749 1,039 68.3%
(Loss)
EPS in US$ 0.05 0.02 150.0% 0.08 0.05 60.0%
(diluted)
Shareholder's 37,244 34,595 7.7% 37,244 34,595 7.7%
Equity
Total Assets 50,457 43,883 15.0% 50,457 43,883 15.0%
Research & 3,069 2,825 8.6% 5,372 5,635 (4.6)%
Development
Employees (Period 236 220 7.5% 236 220 7.5%
End)
(all figures are in US$ 1000, unless otherwise noted)
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
Some of the following statements are forward-looking in nature, and actual
results may differ materially.
"I'm very pleased with the results", said Ofer Shofman, Valor's President
and CEO. "As previously predicted, the successful implementation of a
restructuring process enabled us to show an increase in revenues in Q2 as
well as significant increase in net profits".
"We have been able to penetrate several of the world's largest electronics
companies with our TraceXpert solution this quarter. We expect these deals
to deliver significant business in the upcoming years and to open the doors
for us into new markets", he added.
"By the end of the year we are planning to launch a number of new
products", Shofman revealed. "The first one, to be launched within a few
months, will provide a web-based collaboration platform between our
customers and their clients. It will increase the overall value of our
solution, thus making it more attractive and allowing us to extend our
opportunities and increase our sales", he explained.
"Overall, we expect to see continued growth in the next quarter - both in
revenues and net profits", said Shofman. "We expect this trend to continue
in the upcoming quarters as well, and as a result, we are revising our
annual net profit forecast upwards, from $3 Million to $3.75 Million", he
announced.
The complete quarterly report can be downloaded from the Investor Relations
Section on the Valor corporate website: www.valor.com
About Valor
Valor Computerized Systems develops compelling technologies for simulating
and optimizing the manufacture of printed circuit boards. Valor"s
breakthrough technologies for product design analysis, simulation and
optimization of PCB assembly, and Manufacturing Operations Management
increase productivity, yield and quality, and help streamline and
accelerate product innovation in a fast-paced global market. Valor is
listed on the Prime Standard of the Frankfurt Stock Exchange [WKN 928731,
ISIN IL0010845324]. Its customer base includes the majority of Tier I and
Tier II companies in the electronics industry, most of which are fortune
500 companies. More information on Valor can be found on www.valor.com.
Contact Information
Valor Corporate:
Alon Erlich, Valor Computerized Systems, Ltd.;IR@Valor.com; Tel:
+972-(0)8-943-2430
IR Contact Germany:
Sönke Knop and Axel Mühlhaus, edicto GmbH;sknop@edicto.de; Tel:
+49-(0)-6084-94859-1
Editor Contact:
Cathryn Hage, Anderson Burnbreck PR; cathryn-h@andburn.co.uk; Tel:
+44-1242-518399
Risks Regarding Forward Looking Statements
Certain statements included herein, containing forward looking terminology
or the negative thereof or other variations thereof or comparable
terminology, constitute ``forward-looking statements"". In addition, all
information included herein with respect to projected or future results of
operations, financial condition, financial performance or other financial
or statistical matters constitute such forward-looking statements. The
Company wishes to caution prospective investors not to rely on any such
forward-looking statements as predictions of future events. The Company
does not undertake, and specifically disclaims any obligation, to update
any forward-looking statements, which speak only as of the date made.
For additional information, see our website at:
www.valor.com/Forward_Looking_Statements.jsp
DGAP 07.08.2006
---------------------------------------------------------------------------
Language: English
Issuer: Valor Computerized Systems Ltd.
4 Faran Street
70600 Yavne Israel
Phone: -8898
Fax: -8897
E-mail: IR@valor.com
WWW: www.valor.com
ISIN: IL0010845324
WKN: 928731
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
---------------------------------------------------------------------------
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DGAP-Adhoc: Valor's Q2 Results Show Revenue Growth and Highest Profits since the Year 2000; Annual Profit Forecast Revised Upwards to $3.75 Million.
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