DGAP-News: Electronics Line 3000 Ltd.: Preliminary Figures for 2011 confirm Expectations - Agreement with New Italian Distributor signed
(firmenpresse) - DGAP-News: Electronics Line 3000 Ltd. / Key word(s): Preliminary
Results/Contract
Electronics Line 3000 Ltd.: Preliminary Figures for 2011 confirm
Expectations - Agreement with New Italian Distributor signed
22.03.2012 / 16:16
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Preliminary Figures for 2011 confirm Expectations -
Agreement with New Italian Distributor signed
- Sales of US$ 24.2 million and operating profit of US$ 1.5 million for
fiscal 2011
- Gross profit margin increased to 35% (2010: 31%)
- Adjusted net profit of US$ 1.1 million
- 3-year EUR 5.7 million agreement with new Italian distributor signed
- Outlook for 2012 confirmed
Rishon LeZion, Israel (March 22, 2012) - Electronics Line 3000 Ltd. ('the
Company' or 'Electronics Line') (XETRA: ELN), a global provider of wireless
security with remote management solutions, confirms its expectations for
fiscal 2011 with today's release of the preliminary financial results and
announces the signing of an agreement with a new distributor for the
Italian market.
The Company's revenues in fiscal 2011 amounted to around US$ 24.2 million,
compared to US$ 26.7 million in the previous fiscal year. Because of
synergetic effects with Risco Ltd. and the implementation of several
successful streamlining measures and cost-saving programs, gross profit
margin increased to 34.8% or US$ 8.4 million of sales, compared to 31.4% or
US$ 8.4 million in fiscal 2010. As a result, the Company was able to
significantly
enhance its profitability and achieved an operating profit of around US$
1.5 million for 2011, compared to an operating loss of US$ 5.0 million for
fiscal 2010. The adjusted net profit, not considering one-time effects from
the sale of a subsidiary, was around US$ 1.1 million compared to a loss of
US$ 5.9 million in the previous year. Net profit for 2011 including
one-time effects was US$ 2.3 million.
Furthermore, Electronics Line announces that the Company recently entered
into a distribution agreement with a leading security service provider for
supplying residential security solutions for the Italian market. The new
customer becomes the exclusively authorized distributor of Electronics
Line's two-way wireless iConnect and CommPact security, connectivity and
control systems for the residential and small commercial markets in Italy.
According to the agreement, the Company expects to realize a minimum
turnover with the distributor of around EUR 5.7 million from 2012 until the
end of 2014. For the current business year, the Company expects a sales
volume with the new customer of at least US$ 0.9 million.
Electronics Line confirms the previously announced outlook for fiscal 2012
with group sales of at least US$ 20 million and a positive net result.
The release of the audited 2011 annual report is scheduled for March 31,
2012. The full report will be available on the Company's website in the
'Investor Relations' section.
For more information please contact:
Ms. Sari Ellenberg
investor.relations(at)electronics-line.com
About Electronics Line (EL):
EL is a pioneer in next-generation security solutions for the residential
and small commercial markets. The Company designs and produces cutting-edge
solutions for security and control of living and working environments. The
EL line provides comprehensive securityprotection, as well as
sophisticated system and home management functionality, for optimal
comfort, safety and peace of mind. This new industry standard is further
upgraded with enhanced remote management capabilities that give homeowners
instant access to their system from anywhere in the world.
Upgrading Everyday Security
EL solutions enable new levels of control and maintenance in protected
sites through the ELAS, a proprietary remote management server. The Company
enjoys a unique market position in supplying ELAS-governed systems for the
home and workplace, which provide the multiple benefits of a virtual
security presence, convenient home automation, and energy efficiency, all
customized by the end-user and/or the service provider.
EL's extensive product line includes both wired and wireless solutions, as
well as the integration of both types into one hybrid system. EL solutions
offer enhanced detection and PSTN/IP/GSM/GPRS-based event reporting, along
with advanced remote management tools. The back-office support and
customized branding of EL solutions provide superior security with
significant business benefits and market expansion potential.
Global Partnerships
Nearly three decades of cutting-edge leadership have earned EL a solid
market position, allowing users worldwide to benefit from EL's ongoing
development of upgraded security solutions. The Company maintains long-term
partnerships worldwide.
EL has made emerging technology, user-friendly design and exceptional
quality the benchmarks for serving its international network of clients and
partners. Drawing on a tradition of pioneering expertise, EL specialists
also provide security integration consultancy, installation service,
training and technological support.
EL was established in 1982 and is headquartered in Israel. The Company is
publicly traded on the Frankfurt Stock Exchange (ELN) and is part of the
RISCO Group, an established leader in the international security market.
Disclaimer:
'This release contains forward-looking statements, which express the
current beliefs and expectations of management. Such statements involve a
number of known and unknown risks and uncertainties that could cause the
Company's future results, performance or achievements to differ
significantly from those expressed or implied by such forward-looking
statements. A number of these risks and other factors that might cause
differences, some of which could be material, along with additional
discussion of forward-looking statements, are set forth in the Company's
Annual Report and its other filings filed with the Israeli Securities
Authority. Forward-looking statements speak only as of the date on which
they are made and the Company undertakes no obligation to update publicly
or revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.'
For more information please contact:
Investor Relations
Sari Ellenberg
investor.relations(at)electronics-line.com
End of Corporate News
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22.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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Language: English
Company: Electronics Line 3000 Ltd.
14 Hachoma St.
75655 Rishon LeZion
Israel
Phone: 00972 3 9181333
Fax: 00972 3 9616 584
E-mail: investor.relations(at)electronics-line.comInternet: www.electronics-line.com
ISIN: IL0010905052
WKN: A0B5R7
Indices: DAXsector All Technology DAXsector Technology DAXsubsector
All Communications Technology DAXsubsector Communications
Technology Prime All Share Technology All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München
End of News DGAP News-Service
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