Product category:
PCB Assembly Equipment and Tools
News Release from: Valor Computerized Systems
Edited by the Electronicstalk Editorial
Team on 10 November 2006
Valor eyes Asian expansion
Valor Computerised Systems has announced its financial results for the nine-month period ending 30th September 2006.
Valor Computerized Systems has announced its financial results for the nine-month period ending 30th September 2006 Revenues in the third quarter of 2006 accumulated to US $9.2 million, the same as in Q3 2005
This article was originally published on Electronicstalk on 3 Nov 2006 at 8.00am (UK)
Related stories
System gets Hitachi ready for production
Valor Computerised Systems has installed its Trilogy 5000 preproduction engineering solution and Valor Parts Library at Hitachi's manufacturing facility in Orleans, France.
Three step process takes PCBs from CAD to machine
Electronics companies can achieve a quantum leap in efficiency and productivity for their PCB assembly operations in today's highly dynamic manufacturing environment.
Revenues for the first nine months of 2006 were also similar to the revenues accumulated in the first nine months of 2005 - $26.7 million in 2006 compared with $26.9 million in 2005.
The net profit in the third quarter of 2006 was $754 thousand - an increase of nearly 640% over the third quarter of 2005.
The net profit in the first nine months of 2006 was $2.5 million - more than twice the profit of the parallel period of the previous year.
EBIT in Q3 2006 was $714,000 - an increase of more than 10 times compared with $68,000 in Q3 2005.
In the first nine months of 2006, EBIT was $2.1 million - 133% more than in the parallel period of 2005.
Earnings per share (diluted) in the first nine months of 2006 were $0.12, as compared with $0.06 in the first nine months of 2005.
Commenting on the quarterly results, Ofer Shofman, Valor's President and CEO said: "As previously reported, the results for the third quarter of 2006 were lower than originally expected due to a small number of significant orders by major customers that slipped from Q3 and are expected to materialise over the following quarters".
"At the same time, we remain optimistic about our future performance and continue to implement our development programmes and business strategy across all regions".
As an example, Shofman mentioned that the company has doubled the number of agents and distributors of its products in Asia over the past six months, and explained: "This increase comes to meet the growing demand for the type of solutions that we provide and will further support the consultative selling approach that we are implementing".
"The consultative sales process is a complex process, intended to achieve larger sales and bring higher revenues, and the steps that we are taking now are intended to ensure that our investments will bear fruit in the future".
• Valor Computerized Systems: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
