INVISIO Year-end bulletin 2021: A challenging 2021 ended with strong order intake that has continued in 2022

CEO comment
”Market activity increased gradually at the end of 2021. A clear result of that is the five-year framework agreement we recently signed with the system integrator of a European vehicle program for the new RA4000 Magna™-headset. The contract is expected to be worth a total of approximately SEK 275 million. The future-oriented investments we have made, which include the acquisition of Racal Acoustics, have further strengthened our market-leading position. Although deliveries in early 2022 may still be affected by the pandemic, we believe in a return to more normal conditions in INVISIO’s markets during the year,” says Lars Højgård Hansen, CEO of INVISIO.

October-December 2021

• Revenue: SEK 152.2 m (172.8)
• Gross profit: SEK 85.8 m (102.2)
• Gross margin: 56.4 % (59.1)
• EBITDA: SEK 12.6 m (45.5)
• EBITDA margin: 8.3 % (26.3)
• Operating profit/loss: SEK 1.3 m (40.2)
• Operating margin: 0.9 % (23.3)
• Profit/loss for the period: SEK 1.3 m (27.5)
• Earnings per share: SEK 0.03 (0.62)
• Order intake: SEK 160.0 m (125.6)
• Order book: SEK 224.7 m (123.2)

January-December 2021

• Revenue: SEK 593.0 m (532.0)
• Gross profit: SEK 340.4 m (309.0)
• Gross margin: 57.4 % (58.1)
• EBITDA: SEK 69.9 m (108.1)
• EBITDA margin: 11.8 % (20.3)
• Operating profit/loss: SEK 24.9 m (95.4)
• Operating margin: 4.2 % (17.9)
• Profit/loss for the period: SEK 14.5 m (61.2)
• Earnings per share: SEK 0.33 (1.39)
• Order intake: SEK 628.1 m (525.7)
• Order book: SEK 224.7 m (123.2)

Important events in the quarter

• INVISIO signed a partnership agreement and received a non-binding order for 200 Intercom systems from SkyRunner, manufacturer of ultralight aircraft for professional use.
• INVISIO received an order for 40 Intercom systems from a European NATO country.
• Another army in a European NATO-country chose INVISIO and submitted a first order for almost SEK 25 million.

Important events after the quarter

• INVISIO signed a five-year framework agreement worth around SEK 275 million. The customer is a system integrator of a European vehicle program.
• The Board of Directors proposes a dividend of SEK 0.70 per share (0.70).

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 will host a conference call on Tuesday, February 15, at 10:00, when the President and CEO Lars Højgård Hansen will present INVISIO’s Year-end bulletin. The conference call will be held in English, starting with a brief presentation of the report followed by a question-and-answer session.

Telephone number 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 (Local number): +46 (0) 856618467, (Free of charge): +46 (0) 200125160

Denmark (Local number): +45 32720417, (Free of charge): +45 80711246

UK (Local number): +44 (0) 8444819752, (Free of charge): +44 (0) 8002796619

Germany (local number): +49 (0) 6922222625, (Free of charge): +49 (0) 8007234756

France (Local number): +33 (0) 170700781, (Free of charge): +33 (0) 805101465

Switzerland (Local number): +41 (0) 445807145, (Free of charge): +41(0) 800000367

Conference-ID: 1129 026

Webcast:

To follow the presentation online, use the link below:
https://edge.media-server.com/mmc/p/b6o4n4wf

For further information, please contact:

Michael Peterson, Director IR & Corporate Communication, INVISIO
Mobile: +45 5372 7733 | E-mail: 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 February 14, 2022, 14:00 (CET).
 

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 operates under two brands, INVISIO and Racal Acoustics, combining insights in acoustics and human hearing with broad engineering know-how in software, materials technology and interface. Sales are via the headquarters in Copenhagen and sales offices in the USA, France, the UK, Italy and Thailand, 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.