ELECTRONICS LINE 3000 LIMITED 
By ? Sales roughly stable at US$ 8.5 million (H1 2012: US$ 8.7 million)
? Net Profit amounted to US$ 1.3 million (H1 2012: US$1.8)
? Net cash flow from operating activities increased to US$ 1.4 million (H1 2012: US$ 0.3 million)
? Equity ratio improved to 68% (31.12. 2012: 52%)
Rishon LeZion, Israel (August 15, 2013) - Electronics Line 3000 Ltd. ("the Company" or "Electronics Line") (XETRA: ELN), a global provider of wireless security with remote management solutions, today published the financial results and the interim report for the first six months of 2013 ("Reporting Period").
In the Reporting Period, Electronics Line maintained revenues and gross profit at a level roughly similar to the result of the previous year, while at the same time substantially improving its liquidity and financing position. Net cash provided by operating activities more than quadrupled to US$ 1.4 million (H1 2012: US$ 0.3 million) and the equity ratio improved from 52% as of December 31, 2012 to 68% at the end of the Reporting Period.
Gross profit decreased from US$ 3.9 million (44.2% of sales) in the first half of the previous year to US$ 3.6 million (41.9% of sales) in the Reporting Period.
Operating expenses remained roughly stable in the reporting period, compared to the first half of 2012. While Research and Development expenses slightly dropped, the opposite was true for selling and marketing expenses.
Net income decreased year-on-year from US$ 1.8 million to US$ 1.3 million, as last year`s net income was positively influenced by an extraordinary income of US$ 0.4 million.
In the Reporting Period net cash provided by operating activitiesimproved to US$1.4 million compared to US$ 0.3 million during the respective six months period last year.
Due to the positive cash flow the Company's cash and cash equivalentsas of June
30, 2013 increased to US$ 1.9 million, compared to US$ 0.8 million on December 31,
2012.
Shar eh ol d er s' eq ui ty as of June 30, 2013 amounted to US$ 4.96 million, corresponding in an equity ratio of 68%, compared to US$ 3.7 million (52%) as at December 31, 2012.
Outlook
In view of the success in gaining new customers for the Company´s two-way iConnect and CommPact systems for the residential and small commercial markets, at the moment the Company believes that it will achieve the financial targets for fiscal 2013 and expects that sales will amount to approximately US$ 18 million. However, in view of the economic difficulties in many European markets and the continuing recession in southern Europe, the Company also realizes that there are risks for the development of sales in those countries.
The reviewed interim report for the first six months 2013 is available on the
Company´s website at www.electronics-line.comin the investors section.
Ms. Sari Ellenberg investor.relations@electronics-line.com
About Electronics Line (EL):EL is a pioneer in next-generation security solutions for the residential and small commercial markets. The Company designs and produces cutting-edge solutions for security and control of living and working environments. The EL line provides comprehensive security protection, as well as sophisticated system and home management functionality, for optimal comfort, safety and peace of mind. This new industry standard is further upgraded with enhanced remote management capabilities that give homeowners instant access to their system from anywhere in the world.
Upgrading Everyday Security
EL solutions enable new levels of control and maintenance in protected sites through the ELAS, a proprietary remote management server. The Company enjoys a unique market position in supplying ELAS-governed systems for the home and workplace,
which provide the multiple benefits of a virtual security presence, convenient home automation, and energy efficiency, all customized by the end-user and/or the service provider.
EL's wireless solutions offer enhanced detection and PSTN/IP/GSM/GPRS-based event reporting, along with advanced remote management tools. The back-office support and customized branding of EL solutions provide superior security with significant business benefits and market expansion potential.
Nearly three decades of cutting-edge leadership have earned EL a solid market position, allowing users worldwide to benefit from EL's ongoing development of upgraded security solutions. The Company maintains long-term partnerships worldwide.
EL has made emerging technology, user-friendly design and exceptional quality the benchmarks for serving its international network of clients and partners. Drawing on a tradition of pioneering expertise, EL specialists also provide security integration consultancy, installation service, training and technological support.
EL was established in 1982 and is headquartered in Israel. The Company is publicly traded on the Frankfurt Stock Exchange (ELN) and is part of the RISCO Group, an established leader in the international security market.
This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements involve a number of known and unknown risks and uncertainties that could cause the Company's future results, performance or achievements to differ significantly from those expressed or implied by such forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Annual Report and its other filings and releases. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
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