STOCKHOLM, Oct. 29, 2020 /PRNewswire/ --
CEO comment
"The third quarter of 2020 was characterized by a strong order
intake and stable sales growth. The forward-looking investments
continued for product development and organizational development in
R&D, sales and marketing. We can note that the order intake of
smaller orders that do not give rise to public disclosure
fortunately continues to increase, which is a logical consequence
of a growing customer base and new product areas. At the same time,
we have seen that several major customer projects have been
somewhat delayed due to the ongoing pandemic. INVISIO does not
believe that the company has lost business due to the pandemic, but
rather it is a matter of delayed inflow of orders," says Lars
Højgård Hansen, CEO of INVISIO.
July-September 2020
- Revenue: SEK 118.7 m (109.2)
- Gross profit: SEK 59.8 m
(62.3)
- Gross margin: 50.3 % (57.1)
- EBITDA: SEK 19.1 m (21.3)
- Operating profit/loss: SEK 16.4 m
(18.8)
- Operating margin: 13.8 % (17.2)
- Profit/loss for the period: SEK 6.2
m (16.2)
- Earnings per share: SEK 0.14
(0.37)
January - September
2020
- Revenue: SEK 359.2 m (313.3)
- Gross profit: SEK 206.9 m
(190.2)
- Gross margin: 57.6 % (60.7)
- EBITDA: SEK 62.7 m (66.6)
- Operating profit/loss: SEK 55.2 m
(59.0)
- Operating margin: 15.4 % (18.8)
- Profit/loss for the period: SEK 33.7
m (46.2)
- Earnings per share: SEK 0.76
(1.05)
Important events in the quarter
- Through the GSA contract, INVISIO received an order worth
SEK 44 million from an existing
American defense customer.
- The US Army 2nd Security Force Assistance Brigade (SFAB)
submitted a first minor order for the Intercom system.
- INVISIO signed an agreement with a Danish audio company for
exclusive and global sales and distribution rights for the market's
most discreet headset.
- The order intake in the quarter amounted to SEK 212.1 million (95.0).
- The order book at the close of the quarter was SEK 183.1 million (82.0).
Important events after the quarter
- INVISIO launched the T7, an over-the-ear headset developed
in-house that sets a new standard in the market.
For additional information, please contact:
Lars Højgård Hansen, CEO, INVISIO
Mobile: +45 5372 7722 | E-mail: lhh@invisio.com
Thomas Larsson, CFO,
INVISIOMobile: +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, October
30, at 10:00, when the President and CEO Lars Højgård Hansen
will present INVISIO's interim report for the period
January-September 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 (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: 214 9764
Webcast
To follow the presentation online, use the link below:
https://edge.media-server.com/mmc/p/3fb3mbmw
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 October 29, 2020 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 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.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/invisio-ab/r/invisio-interim-report-january-september-2020--strong-order-intake-and-continued-investments,c3227159
The following files are available for download:
https://mb.cision.com/Main/17798/3227159/1327296.pdf
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INVISIO AB (publ)
Interim Report January-September 2020
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