Isra Vision: Forecasts Confirmed

The company met all of its targets for revenue and earnings for the 2007/2008 financial year (30th September), and even succeeded in surpassing them. The group revenue from the preliminary annual financial statement increased by 33 % to €68.3 million. The total output increased by 30 % to €76.3 million. The gross margin remained steady at 58 % of the total output; relative to the revenue, this margin increased by one percent to 52 %. ISRA has now broadly completed the integration of its extensive acquisitions. Synergies can be seen in all indicators related to profitability. The EBITDA rose by 70 % to €18.6 million. The EBITDA margin grew by five percentage points to 24 % of the total output and 27 % of the revenue. The EBIT more than doubled, increasing to €12.9 million. The EBIT margin increased by seven percentage points to 17 % of the total output and 19 % of the revenue.