VSC Visonic

 
TIDMVSC 
 
Embargoed until 8:00 AM, Thursday 22 October 2009 
 
                 Visonic Limited ("Visonic" or the "Company") 
 
           INTERIM MANAGEMENT STATEMENT FOR THE THIRD QUARTER OF 2009 
 
 
 
Visonic (LSE: VSC.L; TASE: VSC.TA), the international developer and 
manufacturer of electronic security systems (alarms) and home management 
systems, announces its  Interim Management Statement in accordance with the UK 
Listing Authority's Disclosure and Transparency Rules, covering the period from 
1 July 2009 to 30 September 2009. 
 
 
 
The Board is pleased to report that Visonic's profits continue to improve while 
the trend in sales for the third quarter of 2009 remains in line with the 
Interim Results for the half year ended 30 June 2009. 
 
 
 
Pre-tax and net profits have grown considerably in the third quarter mainly due 
to favourable currency conversion rates during this period, while underlying 
operating profit is higher than the corresponding period in 2008, as efficiency 
measures implemented throughout the year have continued to have a positive 
impact on the business. 
 
 
 
Overall sales for the third quarter of 2009 were down 3.8% at US$21.8 million, 
in comparison with the third quarter of the previous year. This demonstrates, 
however, an improvement in sales over the previous two quarters, which were 
down 4.3% on last year. Total sales for the first three quarters of 2009 
amounted to US$64.5 million, down 4.1% when compared to the same period in 
2008. 
 
 
 
Sales have continued to increase in several geographical territories and 
declined in others, the latter is mainly a consequence of the economic crisis. 
 
 
 
Visonic's flagship product the PowerMax security system remains the main sales 
driver. Visonic is also successfully winning sales by developing new marketing 
channels and by supplying new products to its existing customer base. Future 
sales are expected to benefit from the recent launch of new products, which 
amongst others includes the Outdoor Detector and the PowerMax Express. The 
latter is a mass market product aimed at customers that want basic alarm 
features, high quality and advanced communication technologies. 
 
 
 
The Board estimates that sales during the full year will reach approximately 
the same level of last year. 
 
 
 
Commenting Dr. Avigdor Shachrai, CEO & President of Visonic, said: 
 
 
 
"We are pleased with the sales and profit for the third quarter and the 
forecast for the second half of 2009, considering the effects of the world-wide 
economic crisis." 
 
 
 
"Sales performance is at almost the same level as the corresponding period last 
year while profits are up. New channels to market are continually being 
developed and we have received an excellent response to the recent launch of a 
host of new products, which is particularly pleasing and endorses our business 
strategy." 
 
 
 
As announced in the Preliminary Results for the year ended 31st December 2008, 
the Company is still in technical breach of LR 6.1.19 as the number of shares 
in public hands (as defined within the Listing Rules) has fallen below 25 per 
cent. The Company is working towards a resolution to this situation. 
 
 
 
                                    - END - 
 
 
 
This announcement contains certain forward-looking statements within the 
meaning of Israeli applicable law relating to future events or our future 
performance, such as statements regarding trends, demand for our products and 
expected revenues, operating results and earnings. 
 
Such forward-looking statements usually contain language such as "believe", 
"estimate" and the like. 
 
Forward-looking statements involve known and unknown risks, uncertainties and 
other factors that may cause our actual results, levels of activity, 
performance or achievements to be materially different from any future results, 
levels of activity, performance or achievements expressed or implied in those 
forward-looking statements. 
 
These risks and other factors include but are not limited to: changes affecting 
currency exchange rate, including the New Israeli Shekel /US Dollar and the New 
Israeli Shekel/EURO exchange rate; payment default by any of our major clients; 
the loss of one of more of our key personnel; changes in laws and regulations, 
including those relating to the electronic security (alarms) industry and the 
home management industry and inability to meet and maintain regulatory 
qualifications and approvals for our products; termination of arrangements with 
our suppliers; loss of one or more of our principal clients; increasing levels 
of competition in markets in which we do business; changes in economic 
conditions in Israel, including in particular economic conditions in the 
Company's core markets; our inability to predict accurately consumption of our 
products; and risks associated with product liability claims. 
 
We cannot guarantee future results, levels of activity, performance or 
achievements. We do not assume any obligation to update the forward-looking 
information contained in this announcement. 
 
 
 
For further information please contact: 
 
 
 
Visonic Limited 
 
Dr. Avigdor Shachrai (President &    Tel: + 972 3 645 6797  Fax: +972 3 
CEO)                                 6456788 
 
Yair Naaman(CFO)                     www.visonic.com 
 
Adi Enav (Investor Relations)        Address: P.O.B. 13132, Tel-Aviv 69710, 
                                     Israel 
 
                                     adie@visonic.com 
 
 
 
Hudson Sandler 
 
Alistair Mackinnon-Musson/ Nathan    Tel: + 44 (0)20 7796 4133 
Field 
 
                                     visonic@hspr.com 
 
 
 
Arbuthnot Securities 
 
Edward Gay/ Richard Johnson          + 44 (0)20 7012 2000 
 
 
 
 
 
 
END 
 

Visonic (LSE:VSC)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Visonic (LSE:VSC)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024