INVISIO Year-end bulletin 2023: Strong end to 2023 and a promising start to 2024

13 February 2024 · Regulatory · Press Release · Report

CEO comment “The positive trend continued during the final quarter of the year. Revenue reached a record SEK 346 million (289), and on an annualized basis exceeded SEK 1.2 billion (776 million). A strong order book exceeding SEK 600 million ensures a solid start to 2024. This performance testifies to the success of the investments that we have implemented in recent years and puts us in a strong position to take advantage of the opportunities offered by market conditions.”

October-December 2023

Revenue: SEK 345.8 m (289.2)
Gross profit: SEK 198.5 m (166.0)
Gross margin: 57.4% (57.4)
EBITDA: SEK 84.6 m (72.5)
EBITDA margin: 24.5% (25.1)
Operating profit/loss: SEK 62.4 m (59.8)
Operating margin: 18.0% (20.7)
Profit/loss for the period: SEK 50.9 m (42.7)
Earnings per share: SEK 1.12 (0.95)
Cash flow from operating activities SEK 36.8 m (26.1)
Order intake: SEK 298.0 m (296.4)
Order book: SEK 602.8 m (624.7)

January-December 2023

Revenue: SEK 1,238.5 m (775.5)
Gross profit: SEK 747.3 m (449.7)
Gross margin: 60.3% (58.0)
EBITDA: SEK 308.2 m (113.0)
EBITDA margin: 24.9% (14.6)
Operating profit/loss: SEK 242.9 m (65.2)
Operating margin: 19.6% (8.4)
Profit/loss for the period: SEK 178.4 m (44.5)
Earnings per share: SEK 3.91 (0.99)
Cash flow from operating activities SEK 204.7 m (41.7)
Order intake: SEK 1,273.5 m (1,141.6)
Order book: SEK 602.8 m (624.7)

Important events in the quarter

Revenue in Q4 was INVISIO’s highest for any single quarter, totaling SEK 345.8 million (289.2). Full-year revenue of SEK 1,238.5 million (775.5) was also a record.

Important events after the quarter

Launch of the X7, our next-generation in-ear headset with AI enhancement.
The board of directors proposes a dividend of SEK 1.30 (0.70) per share.

Invitation to conference call
INVISIO will host a conference call on Tuesday, February 13, at 15:00, when 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.

Registration
To participate in the conference call you must pre-register. After registration you will receive a telephone number and PIN code. You can also use the “call me function". Please register 5–10 minutes prior to the scheduled starting time to facilitate a timely start to the conference call.

Registration
https://service.flikmedia.se/teleconference/?id=100394

Audiocast
To follow the presentation online, use the link below:
https://invisio.videosync.fi/2024-02-13-q42023

About INVISIO AB (publ)
INVISIO develops and sells advanced communication systems that provide hearing protection and enable professionals in noisy and mission critical environments to communicate and operate effectively. The company’s two brands, INVISIO and Racal Acoustics, combine expertise in acoustics and human hearing with broad engineering knowledge in software, materials technology and interfaces. Sales are via the head office 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.