INVISIO Interim Report January–June 2020: Intensified focus on the law enforcement and security market

CEO comment
”In the second quarter of 2020 INVISIO developed well and in accordance with the adopted strategy, which means continued focus on product and organizational develop­ment in R&D, sales and marketing. The focus includes intensified penetration of the law enforcement and security market. During the quarter, the company also won several smaller orders for the Intercom system and received initial orders for the personal system in new markets in Asia. The impact on operations of Covid-19 is limited to cancelled or postponed trade exhibitions and some delay in global supply chains and administrative processes among customers,” says Lars Højgård Hansen, CEO of INVISIO.

April - June 2020

• Revenue: SEK 123.6 m (137.2)
• Gross profit: SEK 79.9 m (87.2)
• Gross margin: 64.6 % (63.5)
• EBITDA: SEK 26.8 m (41.4)
• Operating profit/loss: SEK 24.4 m (38.8)
• Operating margin: 19.8 % (28.2)
• Profit/loss for the period: SEK 18.1 m (28.5)
• Earnings per share: SEK 0.41 (0.65)

January - June 2020

• Revenue: SEK 240.4 m (204.1)
• Gross profit: SEK 147.1 m (127.9)
• Gross margin: 61.2 % (62.7)
• EBITDA: SEK 43.6 m (45.3)
• Operating profit/loss: SEK 38.8 m (40.3)
• Operating margin: 16.2 % (19.7)
• Profit/loss for the period: SEK 27.5 m (30.0)
• Earnings per share: SEK 0.62 (0.68)

Important events in the quarter

• INVISIO is intensifying its penetration of the law enforcement and security market.
• The company has won several smaller orders for the Intercom system.
• INVISIO has received initial orders from new markets in Asia, which may lead to larger orders in the long term.
• The company is experiencing limited effects of Covid-19.
• The order book at the close of the quarter was SEK 99.9 million (90.1).

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

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

Invitation to conference call  

INVISIO invites the media, investors and analysts to a conference call on Friday, August 14, at 10:00, when the President and CEO Lars Højgård Hansen will present INVISIO’s interim report for the period January-June 2020. The conference call will be held in English, starting with a brief presentation of the report followed by a question-and-answer session.

Telephone numbers for the conference call

To participate in the conference call, use one of the dial-in numbers below. Please dial in 5–10 minutes prior to the scheduled starting time to facilitate a timely start.

Standard international: +44 (0) 207 192 83 38

Sweden: +46 (0) 8 566 184 67

Denmark: +45 327 20417

United Kingdom: +44 (0) 844 481 9752

Germany: +49 (0) 692 222 2625

France: +33 (0) 170 700 781

Switzerland: +41 (0) 445 807 145

Conference-ID: 492 6538

Webcast
To follow the presentation online, use the link below:
https://edge.media-server.com/mmc/p/4tbpgspk

For further information, please contact

Michael Peterson, Director IR & Corporate Communication, INVISIO
Mobile: +45 5372 7733 | E-post: mpn@invisio.com

This information is information that INVISIO AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the CEO, on August 14, 2020 08:30 (CEST).
 

About INVISIO AB (publ)
INVISIO develops and sells advanced communication systems with hearing protection that enable professionals in noisy and mission critical environments to communicate and operate effectively. The company combines insights in acoustics and human hearing with broad engineering know-how in software, materials technology and interface, among others. Sales are via the headquarter in Copenhagen and the sales offices in the USA, France and Italy as well as via a global network of partners and resellers. INVISIO's registered office is in Stockholm, Sweden, and the company's share is listed on Nasdaq Stockholm (IVSO). Read more at www.invisio.com.