News & Media

Visonic (LSE: VSC.L; TASE: VSC.TA), the international developer and manufacturer of electronic security systems (alarms) and home management systems, announces the following trading update:

Sales in the first half of this year reached US$42.7 million (2008 first half: US$44.6
million).

The Group's operating profit in the first half of 2009 is expected to improve in comparison with the corresponding period in 2008. Measures to increase efficiency have been implemented by the Group to improve profitability and the depreciation of the NIS against the US Dollar has also contributed to operational profit. However, the weakness of the Euro and Sterling has had a detrimental effect.

In addition, as previously announced on 26 January 2009, in response to the current economic climate the Group has continued to focus on building a strong balance sheet. In the first half of 2009 cash flow was strong, with financial assets at the end of the half-year of over US$20 million, compared to US$15.5 million as at 31 December 2008.

The Group's Interim Results for the first half of 2009 will be announced on 25 August 2009 and not on 24 August (as previously notified in the Group's Annual Report).

Commenting, Dr. Avigdor Shachrai, CEO and President of Visonic, said:

"We are proud and delighted to report the results achieved during the first half of this year, despite the world-wide economic crisis. With sales performance at almost the same level as the corresponding period last year, together with an expected improvement in operational profit and improved cash flow, we continue to focus on maintaining a strong Balance Sheet."