The difficult markets in many sectors and regions over the last few months have now also had an impact on ISRA’s order intake in the fourth quarter of financial year 2018/2019 and thus on the growth its management had planned for the year as a whole. A moderate increase in revenues in the low single-digit range with stable profit margins is now expected; hereby ISRA still stands out particularly positively against the machine vision market, which has declined by up to 10% (VDMA) in recent quarters.
In the preceding quarters of the fiscal year, the company successfully defended itself against the constantly cooling market by maintaining growth of up to 10%. The delays in the expected major orders, from Europe and Asia in particular, had a significant impact on the weakened momentum in the fourth quarter. Among other, a framework order in the mid-double-digit million range could not be concluded on time as planned; orders planned for delivery in the fourth quarter could only be acquired at a later date. As a result, production capacities reached their limits and the respective revenues will be realized in the financial year 2019/2020.
On the basis of current customer inquiries, the strengthening of the production team, the current order backlog of ca. 88 million euros gross (previous year.: ca. 90 million euros), the major orders currently under negotiation, and internal annual planning, management expects double-digit growth once again for financial year 2019/2020. The medium-term strategical focus remains unchanged on exceeding the 200 million euro revenue mark. Here, the company expects further impetus to come from the forecast development of the machine vision market, which, according to a study (2018) of the AIA, the American Imaging Association, is expected to grow by over 30 percent from currently assumed ca. 9 billion to 12 billion US dollars in market volume by 2023.
The detailed voting results for the individual agenda items are published under www.isravision.com/de/investor-relations/.
ISRA VISION AG, together with its subsidiaries, is worldwide leading in surface inspection of web materials. Furthermore, it is one of the globally leading providers of machine vision programs, specialising in the area of 3D machine vision, in particular for "3D robot vision".
The core competence of the Company is the ISRA-BrainWARE®, an innovative software for intelligent machine vision systems. Here, the scientific know-how from the fields of optics, lighting technology, surveying technology, physics, image processing and classification algorithms and a complex system design are combined. Machine vision is a key technology for visualising systems that imitate the human eye. Today’s ISRA applications focus primarily on the automation of production and quality assurance of goods and products supplied to large, future-oriented markets such as energy, healthcare, food, mobility and information. The customers mainly include renowned global players from the respective sectors. With more than 25 locations worldwide, ISRA offers customer proximity everywhere and ensures optimum service and support.
In the past seventeen years, ISRA has shown profitable growth with an annual average increase in sales of approx. 25 percent. Currently the Company employs approx. 800 people worldwide.
Further information are available at www.isravision.com.
ISRA VISION GmbH
Industriestr. 14
64297 Darmstadt
Telefon: +49 (6151) 948-0
Telefax: +49 (6151) 948-140
http://www.isravision.com
Investor Relations
Telefon: +49 (6151) 948-212
E-Mail: investor@isravision.com
Investor Relations
Telefon: +49 (6151) 948-209
E-Mail: investor@isravision.com
