MARCH 3, 2008--ISRA VISION, a supplier of industrial image-processing technology and surface-inspection systems, has launched successfully into the 2007/2008 fiscal year (October 1, 2007, to September 30, 2008). Its sales increased by 27% to €15.1 million in comparison to the previous quarter. The integration of its three acquisitions (IAL, IAI, and Parsytec) from the 2006/2007 fiscal year and the takeover of Metronom from the first quarter of 2007/2008 are all progressing very well. The EBT margin (profit before taxes to total operating revenue) improved to 15%.
ISRA's business was affected by an improved order situation in the first quarter of 2007/2008. Its revenue in Europe and Asia turned out well. The North American market remained underachieved without growth. In comparison to the corresponding period in the previous year, the total operating revenue increased by 35% to €12.7 million. The EBITDA improved by 13%, while the EBIT improved by 12%. The industrial-automation segment has continued to grow. The total operating revenue here climbed by 12%. The EBITDA increased by 10%, while the EBIT grew by 5%.
ISRA VISION took over the Mainz company Metronom Automation at the beginning of November 2007. Metronom specializes in the areas of in-line quality measurement technology. Metronom's technology constitutes an important part of the continued improvement of ISRA's market position in the control and automation of measurement procedures.
For further details, seewww.isravision.com.