Trading Update

 
TIDMVSC 
 
DATE:     Tuesday, July 7, 2009 
 
 
 
                  Visonic Limited ("Visonic" or the "Group") 
 
 
 
                                Trading Update 
 
 
 
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." 
 
 
 
                                    - END - 
 
 
 
FORWARD LOOKING STATEMENTS 
 
This announcement contains certain forward-looking statements within the 
meaning of Israeli applicable law relating to future events or our future 
performance, such as statements regarding trends, demand for our products and 
expected revenues, operating results and earnings. 
 
Such forward-looking statements usually contain language such as "believe", 
"estimate" and the like. 
 
Forward-looking statements involve known and unknown risks, uncertainties and 
other factors that may cause our actual results, levels of activity, 
performance or achievements to be materially different from any future results, 
levels of activity, performance or achievements expressed or implied in those 
forward-looking statements. 
 
These risks and other factors include but are not limited to: changes affecting 
currency exchange rate, including the New Israeli Shekel /US Dollar and the New 
Israeli Shekel/EURO exchange rate; payment default by any of our major clients; 
the loss of one of more of our key personnel; changes in laws and regulations, 
including those relating to the electronic security (alarms) industry and the 
home management industry and inability to meet and maintain regulatory 
qualifications and approvals for our products; termination of arrangements with 
our suppliers; loss of one or more of our principal clients; increasing levels 
of competition in markets in which we do business; changes in economic 
conditions in Israel, including in particular economic conditions in the 
Company's core markets; our inability to predict accurately consumption of our 
products; and risks associated with product liability claims. 
 
We cannot guarantee future results, levels of activity, performance or 
achievements. We do not assume any obligation to update the forward-looking 
information contained in this announcement. 
 
 
 
 
 
For further information please contact: 
 
 
 
Visonic Limited 
 
Dr. Avigdor Shachrai (President &    Tel: + 972 3 645 6797  Fax: +972 3 
CEO)                                 6456788 
 
Yair Naaman (CFO)                    www.visonic.com 
 
Adi Enav (Investor Relations)        Address: P.O.B. 13132, Tel-Aviv 69710, 
                                     Israel 
 
                                     [e-mail] 
 
 
 
HudsonSandler 
 
Alistair Mackinnon-Musson/ Nathan    Tel: + 44 (0)20 7796 4133 
Field 
 
                                     [e-mail] 
 
 
 
Arbuthnot Securities 
 
Edward Gay/ Richard Johnson          + 44 (0)20 7012 2000 
 
 
 
 
 
 
 
 
END