VSC Visonic

 
TIDMVSC 
 
DATE:  Monday, 11 May 2009 
 
                                    Visonic 
 
                         INTERIM MANAGEMENT STATEMENT 
 
 
 
 
 
Visonic (LSE: VSC.L; TASE: VSC.TA), the international developer and 
manufacturer of electronic security systems (alarms) and home management 
systems, is pleased to announce its Interim Management Statement, covering the 
period from 1 January, 2009 to 11 May 2009. 
 
 
 
During the first quarter of 2009 the demand for Visonic's products has 
increased in line with management expectations. Sales during this period were 
up 2.4%, at US$21.4 million, in comparison with the first quarter of the 
previous year. Much of this growth was driven by increased sales to Europe and 
achieved in spite of the devaluation of the Euro and Sterling. 
 
 
 
In addition, Visonic has continued to win new supply contracts with some of the 
world's leading security companies - most notably the new agreement with Smith 
& Wesson Security Services, announced on 6 May 2009. The introduction by 
Visonic of important new products using the very latest technology has not only 
underpinned these new agreements but also helped to maintain Visonic's position 
at the leading edge of the security and home management sector. 
 
 
 
Cash flow for the quarter has also been strong and Visonic will continue with 
its strategy of maintaining high cash and cash equivalent reserves throughout 
these difficult economic times. 
 
 
 
 
 
Commenting, Dr. Avigdor Shachrai, CEO & President of Visonic, said: 
 
 
 
"I am delighted to report that during the first three months of 2009 our sales 
have grown, compared to the first quarter of 2008. Much of this strong 
performance was driven by increasing demand from European customers, reflecting 
the benefits of our established partnerships with leading security companies 
and a busy launch programme of ground-breaking new products." 
 
 
 
"Although we are generally more cautious about the rest of FY2009, given the 
international economic environment, we are well prepared to respond to any 
negative effects. The results for the first quarter and the indicators for the 
second quarter strengthen our excellent financial status, which is based upon a 
strong balance sheet. This gives us renewed confidence in the operational 
results we expect to achieve during the first half of 2009 and for the Group's 
prospects for the years ahead." 
 
 
 
 
 
                                   - Ends - 
 
 
 
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 
CEO) 
 
Yair Naaman(CFO)                     www.visonic.com 
 
Adi Enav (Investor Relations)        Address: P.O.B. 13132, Tel-Aviv 69710, 
                                     Israel 
 
 
 
Hudson Sandler 
 
Alistair Mackinnon-Musson/ Nathan    Tel: + 44 (0)20 7796 4133 
Field 
 
                                     visonic@hspr.com 
 
 
 
Arbuthnot Securities 
 
Neil Kirton / Edward Gay             + 44 (0)20 7012 2000 
 
 
 
 
 
 
 
 
This Interim Management Statement is published in accordance with the UK 
Listing Authority's Disclosure and Transparency Rules, in respect of the period 
starting 1 January, 2009 ending 
 
11 May 2009. 
 
 
 
 
 
END 
 

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