DGAP-News: Electronics Line 3000 Ltd.: Electronics Line Posts Strong Q1 Figures
(firmenpresse) - DGAP-News: Electronics Line 3000 Ltd. / Key word(s): Quarter
Results/Interim Report
Electronics Line 3000 Ltd.: Electronics Line Posts Strong Q1 Figures
23.05.2013 / 17:38
---------------------------------------------------------------------
Electronics Line Posts Strong Q1 Figures
- Sales increased by around 35% to US$ 4.3 million (Q1 2012: US$ 3.2
million)
- Gross profit margin improved to 41.1% (Q1 2012: 39.7%)
- Net profit of US$ 0.7 million (Q1 2012: net profit of US$ 0.1 million)
Rishon LeZion, Israel (May 23, 2013) - Electronics Line 3000 Ltd. ('the
Company' or 'Electronics Line') (XETRA: ELN), a global provider of wireless
security with remote management solutions, today published the financial
results and the interim report for the first three months of 2013
('Reporting Period').
In the Reporting Period, Electronics Line was able to significantly improve
its sales and profitability and thus benefitted from its broader and more
diversified customer base, which was built through numerous new client
acquisitions over the last months. Especially, the Company's two-way
'iConnect' and 'CommPact' systems for the residential and small commercial
markets have met with a very positive reception by the new clients.
Financial Highlights
- The Company's revenues in the Reporting Period amounted to US$ 4.3
million, up by some 35% compared to revenues of US$ 3.2 million during
the comparable period of last year.
The increase in revenues is a result of the successful implementation
of the Company's strategy to expand markets, recruit new customers and
to find new opportunities.
- The gross profit in the Reporting Period amounted to US$ 1.8 million
(41.1% from sales) compared to US$ 1.3 million (39.7% from sales) in
the comparable period of the previous year.
- As total operating expenses for the Reporting Period amounted to US$
1.1 million, the same as in the comparable year, the net profit for the
Reporting Period amounted to US$ 679,000, compared to a net profit of
US$ 76,000 in the comparable period of last year.
- In the Reporting Period net cash provided by operating activities
amounted to US$ 559,000 compared to US$ 360,000 used in operating
activities during the comparable period of last year.
- Due to the positive cash flow, the Company's cash and cash equivalents
as of March 31, 2013 increased to US$ 1.1 million, compared to US$ 0.7
million on December 31, 2012.
- Shareholders' equity as at March 31, 2013 amounted to US$ 4.3 million,
corresponding to an equity ratio of 69%, compared to US$ 3.7 million
(52%) as of December 31, 2012.
Outlook
In view of the success in gaining new customers for the Company's two-way
iConnect and CommPact systems for the residential and small commercial
markets, at the moment the Company believes that it will achieve the
financial targets for fiscal 2013 and expects that sales will amount to
approximately US$ 18 million. However, in view of the economic difficulties
in many European markets and the continuing recession in southern Europe,
the Company also realizes that there are risks for the development of sales
in those countries.
The reviewed interim report for the first three months 2013 is available on
the Company's website at www.electronics-line.com in the investors section.
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 security protection, 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 wireless 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 and releases. 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
---------------------------------------------------------------------
23.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: Electronics Line 3000 Ltd.
14 Hachoma St.
75655 Rishon LeZion
Israel
Phone: 00972 3 9181333
Fax: 00972 3 9616 584E-mail: investor.relations(at)electronics-line.com
Internet: 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
---------------------------------------------------------------------
212831 23.05.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2013 - 17:38 Uhr
Sprache: Deutsch
News-ID 263040
Anzahl Zeichen: 10394
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 228 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Electronics Line 3000 Ltd.: Electronics Line Posts Strong Q1 Figures"
steht unter der journalistisch-redaktionellen Verantwortung von
Electronics Line 3000 Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
