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World Leader in the Security Industry
At the Forefront of Home Automation
Paving the way with innovative wireless security, automation and control solutions, the Visonic Group is positioned at the forefront of the Home Automation and Home Networking markets. Visonic has laid the groundwork for the "networked home" where electronics, systems and appliances are all linked by an internal network with connection to the Internet.
Established in 1973, the Visonic Group has built a strong reputation as a world leader in the design, development, and manufacture of high quality systems and products for the security industry. With over 30 years of experience in every aspect of security, Visonic serves institutional, industrial, commercial and residential markets for both personal and property protection. The Visonic Group is recognized for its advanced patented technologies, reliable high performance systems, and responsive customer support worldwide. Visonic products are designed to comply with international standards and regulations and are approved for use by local authorities in most countries.
The Group Worldwide
The group's parent company is Visonic Ltd., headquartered in Tel Aviv with production facilities in Kiryat Gat, Israel. The group's subsidiaries include Visonic Technologies which focuses on integrated facility management solutions combining local positioning, security, access control and asset management. The group has sales and marketing companies in the U.S., U.K., Spain, Germany, Hong Kong, Australia and Poland, as well as sales office in Nordic.
Solutions Built for Performance
Visonic's products are designed, developed and manufactured according to the highest quality standards. The company's product offerings cover a wide variety of security, safety, control and automation needs including: intrusion detection, access control, asset management, real time local positioning of asset and individuals, emergency signaling, remote control supervision and home automation. With a record of hundreds of thousands of installations in over 70 countries, Visonic's expertise is unparalleled and its reliability undisputable.
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Shares in Issue = 40.2 million
Financial Half Year End 30th June
Financial Full Year End 31st December
VISONIC INTERIM RESULTS
Visonic (VSC.L) the international developer and manufacturer of electronic security
systems (alarms) and home management systems, is pleased to announce its
Interim results for the half year ended 30 June 2005.
HIGHLIGHTS
Group sales up 17% to $32.2 million (from $27.5 million in H1-2004)
Gross Profit margin increased to 49% (from 48% in 2004)
Profit before tax up 39% to $4.1 million (from $3.0 million in H1-2004)
Earnings per share up 14% to 8 cents
Groups effective tax rate down to 26% from 28% in 2004
Significant progress made with stated mass market sales strategy
PowerMax+ security and home management system continued to generate
healthy revenues
Five important distribution agreements were reached during the period
Sales at Visonic Technologies Limited up 38% with profits ahead of
expectations
OUTLOOK
The Group performed strongly in the first half and remains ahead of internal budgets both in terms of sales and at the pre-tax profit level. Whilst July and August are traditionally quieter months for the industry and consequently the Group, sales in both the first two months of the second half were encouraging. The Board therefore remains confident of the Groups prospects for the year.
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