Advanced Vision Technology Ltd. / Key word(s): Quarter Results 08.05.2013 08:54 Dissemination of an 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. --------------------------------------------------------------------------- AVT keeps its trend with growth in revenues and operating income in first quarter of 2013 - Total revenues of USD 12.3 million (up 1.8% compared to Q1 2012) - EBIT of USD 1.4 million (+19.1% over USD 1.1 million in Q1 2012) - Net income totaled USD 0.9 million (USD 1.1 million in Q1 2012) Hod-Hasharon, Israel, May 8, 2013 - Advanced Vision Technology (AVT) Ltd. recorded ongoing growth in revenues and operating income in first quarter of 2013, continuing its way on growth path. Revenues in Q1 2013 totaled USD 12.3 million, representing an increase of 1.8% over USD 12.1 million in the first three months of 2012. This growth was attributable to an increase in sales to the Labels and Packaging convertors markets. Total new order bookings for the first quarter 2013 were USD 12.3 million, an increase of 4.9% compared with USD 11.7 million in the same quarter last year. The order back-log as of March 31, 2013, totaled USD 17.5 million, representing an increase of 12.7% over order back-log as of March 31, 2012. Gross margin for the first quarter 2013 increased to 54.2%, compared with 53.5% in the respective period last year. EBIT grew by 19.1% to USD 1.4 million compared with USD 1.1 million in the first three months of 2012. Net income was USD 0.9 million or USD 0.16 per share (diluted) compared with net income of USD 1.1 million or USD 0.19 per share (diluted) in the respective period of last year. This decrease was mainly attributable to higher taxes on income (USD 0.4 million vs. USD 0.1 million). Following the successful year 2012, AVT distributed on March 1, 2013 for its first time ever, a cash dividend of USD 2.5 million or USD 0.45 per common share. Nevertheless, AVT's total cash and financial investments amounted to USD 19.2 million at the end of March 2013 compared with USD 19.3 million at the end of December 2012. 08.05.2013 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 ---------------------------------------------------------------------------