TIDMAFS 
 
RNS Number : 4417W 
Amiad Filtration Systems Ltd 
29 July 2009 
 

29 July 2009 
 
 
Amiad Filtration Systems Ltd. 
("Amiad" or "the Company") 
 
 
AGM Statement and Business update 
 
 
Amiad Filtration Systems expects to report sequential growth of at least 6% over 
the second half of last year 
 
 
Amiad, a global producer and supplier of water filters and filtration systems 
for the industrial & municipal and the irrigation markets, will today provide 
the following business update at its Annual General Meeting: 
 
 
"2008 was a pivotal year in which the organisation positioned itself to 
capitalise on the long term investment in water in both established and 
developing economies. In the year, the Company saw a shift in the trend towards 
greater demand for its industrial & municipal products as it became the largest 
contributor to Company revenues. The second half of 2008 saw a decline in 
revenues compared to H1 2008 due to slowdown in global economic downturn causing 
investment in infrastructure to be frozen or pushed back. 
 
 
However, the beginning of 2009 saw a return in investment in infrastructure 
projects, particularly in the industrial and municipal segment in most of the 
Company's key markets. The Company saw a lag in recovery in the irrigation 
segment which is still continuing to be impacted by the slowdown in the global 
economy. As a result, the Company expects to report revenues of approximately 
$36m for the first half of 2009 (H1 2008: $39.5m), however, 
sequentially, approximately 6% higher compared to second half of 2008, 
demonstrating the return of investment in water infrastructure. 
 
In the Industrial & Municipal segment, Europe saw heightened activity through 
the Turkish company that Amiad acquired in 2008. The project won through the 
Turkish Company became one of the largest contributors to revenues in the first 
half of 2009. There was increased delivery into the municipal markets in France, 
Italy and Holland. The Company also saw good growth in Western Europe, with 
projects for the oil and gas industries advancing well. 
 
 
In Asia, the Company had targetted India as its main growth area in 2009. The 
Company performed well here and saw its first municipal project in the first 
half of 2009. There is also increased interest for Amiad's products in the 
irrigation market in India. The Company is very focused in its efforts and hopes 
to report further inroads into India. Elsewhere in Asia, as anticipated, the 
industrial markets in China saw decline as the steel and petrochemical 
industries suffered the effects of global downturn. However, growth in 
Singapore, Malaysia and Philippines mitigated the decline in China. 
 
 
Whilst the general decrease in demand for irrigation products has continued 
since October of 2008, the Company is seeing that a slow uptick in demand is 
coming through in the African market which is now making steady progress. 
 
 
The backlog going into the second half of 2009 remains steady and the Company 
continues to maintain a tight control over its costs. With the current pipeline 
of orders and the demand for Amiad's products set to continue in new territories 
as well as its established markets, the Company is expected to report higher 
revenues in second half of 2009 compared with the second half of 2008 and 
consequently be slightly ahead of market expectations for the full year 2009." 
 
 
Enquiries: 
 
 
+--------------------------------------+------------------------------------+ 
| Amiad                                |                                    | 
+--------------------------------------+------------------------------------+ 
| Tal Yeshua, Chairman                 | +972 4 690 9500                    | 
| Arik Dayan, CEO                      |                                    | 
|                                      |                                    | 
+--------------------------------------+------------------------------------+ 
|                                      |                                    | 
+--------------------------------------+------------------------------------+ 
| Corfin Communications                |                                    | 
+--------------------------------------+------------------------------------+ 
| Harry Chathli, Victoria Ward         | +44 20 7977 0020                   | 
+--------------------------------------+------------------------------------+ 
|                                      |                                    | 
+--------------------------------------+------------------------------------+ 
| Panmure Gordon                       |                                    | 
+--------------------------------------+------------------------------------+ 
| Andrew Godber, Katherine Roe         | +44 20 7459 3600                   | 
+--------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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