INVISIO Interim Report January-March 2024: A strong start to the year

07 May 2024 · Regulatory · Press Release · Report

CEO comment: “INVISIO made a strong start to the year, recording order intake of SEK 670 million and an order book of more than SEK 1 billion. Revenue was in line with Q1 last year and profitability remains good. We expect market activity to remain high for many years to come. INVISIO is well placed to continue to deliver profitable growth.”

January-March 2024

Revenue: SEK 308.2 m (311.3)
Gross profit: SEK 188.0 m (194.6)
Gross margin: 61.0% (62.5)
EBITDA: SEK 65.3 m (96.5)
EBITDA margin: 21.2% (31.0)
Operating profit/loss: SEK 50.4 m (83.9)
Operating margin: 16.4% (26.9)
Profit/loss for the period: SEK 35.9 m (60.0)
Earnings per share: SEK 0.79 (1.33)
Cash flow from operating activities SEK 16.7 m (80.2)
Order intake: SEK 673.1 m (315.2)
Order intake excluding radio order*: SEK 438.1 m (315.2)
Order book: SEK 1,025.1 m (626.7)
Order book excluding radio order*: SEK 790.1 m (626.7)

* Further information is available in the press release published on March 12, 2024.

Important events in the quarter

INVISIO received a record order for the Intercom system worth SEK 230 million from a European customer, along with an order of radio systems for armored vehicles from a third-party worth SEK 235 million and under which INVISIO will act as system integrator.
The newly launched INVISIO X7 in-ear headset achieved a signal-to-noise ratio of 39 decibels, a ground-breaking level of hearing protection that was even higher than INVISIO’s own tests and offers unmatched user safety.

Important events after the quarter

There are no important events after the quarter to report.

Invitation to conference call
INVISIO will host a conference call on Tuesday, May 7, at 15:00, when CEO Lars Højgård Hansen will present INVISIO’s report. The conference call will be held in English, starting with a brief presentation 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=100403

Webcast
To follow the presentation online, use the link below:
https://invisio.videosync.fi/2024-04-07-q1-2024

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.