INVISIO Q3 2013 − Strong Sales Growth and High Backlog

07 November 2013 · Regulatory · Press Release · Report

Stockholm, November 7, 2013

INVISIO Communications (IVSO) has published its Interim Report for January to September 2013. Among the main bullets are a tripling of sales for the third quarter and more than a doubling for the year's first nine months. Right after the end of the period, a new record order was also received and the backlog per time of reporting amounts to over SEK 57 m. The report as a whole can be downloaded as pdf from INVISIO’s website.

Lars Højgård Hansen, CEO INVISIO Communications, comments:

“During the year's first nine months, sales have more than doubled compared with 2012. This year will be the sixth consecutive year with increased sales within INVISIO's focus since 2008: the global niche for advanced systems for hearing protection and interference-free communication in difficult conditions. Not only our sales have increased; our technology leadership in the industry has been fortified. Right after the end of the period, we also received the largest order ever and the backlog today amounts to over SEK 57 m. We expect continued growth in sales, a stable gross margin and unchanged costs, and thus operations are expected to become profitable in the beginning of 2014.”

The Period In Short

SEK m	Q3 2013	Q3 2012	Jan-Sep 2013	Jan-Sep 2012
Total income	21.1	7.0	60.5	25.1
Gross Profit	10.3	3.4	27.8	10.7
Gross Margin (%)	48.8	49.3	45.9	42.8
EBITDA	0.4	-4.1	-1.5	-16.0
Operating Profit/Loss	-1.2	-5.6	-6.0	-19.5
Profit/Loss after tax	-1.6	-6.6	-7.4	-21.6
Profit/Loss per share (SEK)	-0.04	-0.18	-0.19	-0.62

SEK 8.0 m order from the Canadian Department of National Defense.
SEK 7.1 m order from the U.S. Army.
ISO 9001:2008 certification received from German certifying body
TÜV NORD CERT Gmbh.
New credit facilities of SEK 7.5 m.
Outgoing backlog amounted per September 30 to SEK 11.1 m and at the time of reporting to a high SEK 57.6 m.

Important Events After the Period

Largest order so far of SEK 40 m received in October. The order is for the military program TCAPS, administrated by PEO Soldier within the U.S. Army.
Additional order of SEK 4.8 m from a NATO country's army.
Strengthening of the financial position through a directed share issue of approximately SEK 10 m and a change in the amortization plans.

For additional information, please contact:

Lars Højgård Hansen, CEO INVISIO Communications
Mobile: + 45 53 72 77 22
E-mail: lhh@invisio.com

About INVISIO Communications AB

INVISIO Communications AB is a public company listed on the NASDAQ OMX First North Premier Segment (ticker code: IVSO) an alternative market on NASDAQ OMX Stockholm. INVISIO specializes in voice communications in difficult conditions. The company develops, manufactures, markets and sells communication solutions such as advanced headsets control units and accessories for use with two-way radio, primarily for professional users who often work in difficult environments. The customers are for example found in the military and military Special Forces, police and SWAT teams, emergency services, the security sector, and various industries throughout the world. Additional information is available on the company’s web site at www.invisio.com. Mangold Fondkommission AB is Certified Adviser for INVISIO Communications AB.