Advanced Vision Technology Ltd. / Key word(s): Half Year Results/Quarter Results 08.08.2013 08:59 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. --------------------------------------------------------------------------- AVT records ongoing increase in revenues and profitability in Q2 2013 - Total revenues of USD 12.4 million (up 8% from USD 11.5 million in Q2 2012) - EBIT of USD 1.3 million (up 36.4% compared to USD 1.0 million in Q2 2012) - Net income of USD 1.1 million in Q2 2013 (+49.7% over Q2 2012) - Net income totaled USD 2.0 million in the first six months of 2013 (+12.2% over USD 1.8 million in H1 2012) - 2013 guidance maintained: revenues USD 49.0 - USD 50.0 million, pre-tax income USD 5.2 - USD 5.4 million Hod-Hasharon, Israel, August 8, 2013 - In the second quarter 2013, Advanced Vision Technology (AVT) Ltd. continued its growth with increasing both revenues and profitability. Revenues from April to June 2013 totaled USD 12.4 million, an increase of 8% over USD 11.5 million in the second quarter of 2012. Total revenues during the first six months of 2013 increased by 4.8% to USD 24.7 million compared to USD 23.6 million in the same period of last year. Order booking in the second quarter grew up to USD 12.2 million, 8.5% over Q2 2012. Total order booking in H1 2013 was USD 24.4 million, an increase of 6.6% over H1 2012. In Q2 2013 and during the first six months of 2013, AVT managed to further improve its profitability. Gross margin increased from 52.3% in Q2 2012 to 54.2% in Q2 2013, keeping the same level of Q1 2013. Earnings before interest and taxes (EBIT) increased to USD 1.3 million in Q2 2013, up 36.4% from USD 1.0 million in the respective period in 2012. EBIT for the first six months totaled USD 2.7 million, representing an increase of 27.0% over USD 2.1 million in H1 2012. Net profit for the second quarter of 2013 amounted to USD 1.1 million representing an increase of 49.7% over the USD 0.7 million in Q2 2012. Net profit for the six months ended June 30, 2013 totaled USD 2.0 million or USD 0.35 per share (diluted) compared with net profit of USD 1.8 million or USD 0.33 per share (diluted) for H1 2012. Net cash provided by operating activities during H1 2013 increased significantly to USD 5.0 million compared to USD 0.5 million in H1 2012. AVT reiterates its guidance and expects revenues in 2013 to be between USD 49.0 - USD 50.0 million, and pre-tax income to be between USD 5.2 - USD 5.4 million. 08.08.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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: [email protected] 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 ---------------------------------------------------------------------------