ISRA returns to double-digit growth
ISRA Vision has fulfilled its growth forecast and further increased profitability in the 2009/2010 financial year (Oct. 1, 2009-Sept. 30, 2010).
ISRA Vision (Darmstadt, Germany), a provider of industrial image-processing solutions, surface inspection systems, and 3-D machine-vision products, has fulfilled its growth forecast and further increased profitability in the 2009/2010 financial year (Jan. 10-Sept. 30, 2010). According to audited -- but not yet certified -- figures for FY09/10, ISRA has increased the group's revenues by 12% to €64.8 million. In 4Q the group's revenues rose by 28% compared to the previous year’s quarter.
The machine-vision solution provider achieved its highest increases in revenues -- in some cases more than 40% -- in the plastics, metal, and print business units. While business in the paper segment was still moderate, glass was able to achieve levels comparable to the previous year. The Automotive business unit developed well. Growth in Asia was the strongest of the regional markets. Europe developed well and business in the United States grew better than expected with double-digit rates.
In the current financial year 2010/2011, ISRA sees its largest growth opportunities in the Asian markets, especially in China, Korea, and India. The management expects the positive development in Europe and North America to continue. Further growth in revenues is expected in the metal, plastics, print, and glass segments. Beyond the markets currently served, ISRA intends to gradually expand its range to other sectors such as health care.
Using the multisegment strategy, ISRA says it remains focused on long-term double-digit growth. The company is diversified via the two technologies of surface inspection and industrial automation and throughout various industries. The goal is to exceed a revenue threshold of €100 million in the coming years. In July 2010, ISRA acquired Graphikon, located in Berlin; other acquisition projects are currently under development.
With an order backlog of approx. €32 million and outstanding offers to customers in the volume of several hundred million EUR, ISRA plans to grow by double-digit amounts in revenues and EBT in the current FY10/11.
For the full financial details, view ISRA's report.
SOURCE: ISRA Vision
-- Posted by Carrie Meadows, Vision Systems Design