November 3, 2016

INVISIO interim report January—September 2016: Record quarter for both sales and profit

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Stockholm, November 3, 2016

 

INVISIO (IVSO) has today published its interim report for the period January— September 2016. The company continues its positive development.

CEO comment

"The year's third quarter shows both higher sales and earnings than ever before in the company's history. Sales increased by 52 per cent to SEK 85.6 million and the operating profit more than doubled to SEK 27.7 million. Sales mainly consisted of large deliveries to ongoing modernization programs in the United Kingdom and Australia but also of several smaller deliveries to existing and new customers. This year to date income rose by 37 per cent and operating profit by 70 per cent compared with the corresponding period in 2015", says Lars Højgård Hansen, CEO of INVISIO.

(Figures for the same period the previous year are given in brackets)

January—September 2016

  • Revenue: SEK 248.7 m (181.7)
  • Gross profit: SEK 130.6 m (95.7)
  • Gross margin: 52.5% (52.7)
  • EBITDA: SEK 77.2 m (48.1)
  • Operating profit/loss: SEK 73.5 m (43.3)
  • Operating margin: 29.5 % (23.8)
  • Profit/loss for the period: SEK 75.5 m (53.5)
  • Earnings per share: SEK 1.77 (1.27)

 

July—September 2016

  • Revenue: SEK 85.6 m (56.3)
  • Gross profit: SEK 45.1 m (29.3)
  • Gross margin: 52.7 % (52.0)
  • EBITDA: SEK 29.0 m (14.7)
  • Operating profit/loss: SEK 27.7 m (12.9)
  • Operating margin: 32.4 % (22.9)
  • Profit/loss for the period: SEK 29.9 m (26.1)
  • Earnings per share: SEK 0.70 (0.62)

 

Important events during the quarter

  • INVISIO received the second order in the framework of the British THPS hearing protection program. The order value was about SEK 22 million and deliveries are planned for 2017.
  • The U.S. army placed a follow-up order of SEK 10 million.
  • INVISIO received a follow-up order of about SEK 7 million from an existing army customer in NATO.
  • The order book at the close of the quarter was SEK 162.3 million (163.2).

 

Important events after the period

  • The share capital in INVISIO increased due to exercise of stock options.

 

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 November 3, 2016 at 8.30 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.


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