INVISIO continues with profitable growth

06 November 2014 · Regulatory · Press Release · Report

                                                                                                   Stockholm November 6, 2014

Today INVISIO (IVSO) published its interim report for the period January to September 2014. The company continues to show strong growth and profitability during the third quarter. Several big follow-up orders from the American military program TCAPS and a NATO-country among others have contributed to the continuous growth.

Revenue for the quarter increased to SEK 46.8 million in comparison to SEK 21.1 million during the corresponding period of the previous year. At the same time the operating profit was SEK 6.2 million, an increase of SEK 7.4 million from SEK -1.2 million. Profit after tax was SEK 20.1 million (-1.6) including recognition of deferred taxes amounting to SEK 15.0 million.

“I am proud to announce that we continue to grow and be profitable for another quarter. We report revenue of SEK 137.9 million and an operating profit of SEK 17.5 million (-6.0) for the first three quarters of the year. Profit after tax was SEK 29.3 million (-7.4) after recognition of deferred taxes amounting to SEK 15.0 million. We are expecting continued strong growth for the rest of 2014 and the first full-year profit for the company”, says CEO Lars Højgård Hansen.

Important Events July – September

  • Received a follow-up order from a NATO-country for INVISIO V60 worth SEK 10.1 million
  • Received a new order from the American military program TCAPS worth SEK 21.5 million.
  • Received a third order from the American military program TCAPS worth SEK 41.6 million.
  • Received a follow-up order for an order received in Q2 from a Nordic country, worth SEK 5.6 million.
  • Received a follow-up order from Canada’s Department of National Defence worth SEK 1.6 million.
  • Activation of the deferred taxes are recognized, affecting the result with SEK 15.0 million.
  • Outgoing backlog amounted per September 30th to SEK 95.9 million.

For additional information about INVISIO's products, please visit www.invisio.com

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.

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Michael Peterson

Michael Peterson

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