INVISIO interim report January–March 2017: Continued good growth and stronger position in the United Kingdom

Stockholm, April 26, 2017

CEO comment
”In the first quarter of 2017 INVISIO reports continued good growth and profitability. Our long-term market penetration and expansion efforts have resulted among other things in a new contract with the UK Ministry of Defence and a number of employees for our recently established subsidiary in the USA. The development of new products with a view to broadening our offer is going as planned”, says Lars Højgård Hansen, CEO of INVISIO.

January–March 2017

• Revenue: SEK 87.9 m (79.5)
• Gross profit: SEK 48.2 m (42.2)
• Gross margin: 54.9 % (53.1)
• EBITDA: SEK 24.0 m (24.8)
• Operating profit/loss: SEK 22.7 m (23.5)
• Operating margin: 25.8 % (29.6)
• Profit/loss for the period: SEK 22.7 m (23.4)
• Earnings per share: SEK 0.52 (0.55)

Important events in the first quarter

• INVISIO won a new framework contract with the UK Ministry of Defence initially worth about SEK 90 million. The four-year contract includes options for a fifth year and a complete product upgrade two and a half years into the contract.
• The order book at the close of the quarter was SEK 148.5 million (137.0).

Important events after the quarter

• The initial order from the UK Ministry of Defence worth about SEK 90 million was augmented with an additional order of about SEK 15 million.

For additional information, please contact:
Lars Højgård Hansen, CEO, INVISIO Communications
Mobile: +45 5372 7722  |  E-mail: lhh@invisio.com

Thomas Larsson, CFO, INVISIO Communications
Mobile: +45 5372 7735  |  E-mail: thl@invisio.com


This information is information that INVISIO Communications AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was released for public disclosure, through the agency of the CEO, on April 26, 2017 at 11.00 CET.


About INVISIO Communications AB (publ)
INVISIO offers cutting-edge personal communication and hearing protection systems. The systems enable users to operate and communicate safely and clearly in all environments, even under extreme conditions, such as loud noise, heat, and underwater. INVISIO systems consist of headsets and advanced control units that interface to a wide range of communication devices. The systems provide hearing protection while maintaining the natural level of situational awareness. Customers are mainly from the public sector. Sales are made via a global network of partners and to some extent directly to end customers. INVISIO is listed on Nasdaq Stockholm (IVSO). Additional information is available on the company's website, www.invisio.com.