STOCKHOLM, Oct. 25, 2019 /PRNewswire/ --
CEO comment
"The third quarter together with October constitutes one of the
most successful periods in the company's history. In the quarter we
won the prestigious procurement contract for the American
Marine Corps, where the potential is
great for us in coming years. After the close of the quarter we won
three significant procurement contracts and signed long framework
agreements. The largest contract, which may amount to SEK 290 million, is with the American Department
of Defense. The second customer is the Belgian army and the third
contract is with the Swedish Police. These four substantial
successes mark clear milestones in the company's development and
will contribute to INVISIO's continued growth journey for several
years to come," says Lars Højgård Hansen, CEO of INVISIO.
July-September
2019
- Revenue: SEK 109.2 m
(80.9)
- Gross profit: SEK 62.3 m
(47.0)
- Gross margin: 57.1 %
(58.1)
- EBITDA: SEK 21.3 m
(12.7)
- Operating profit/loss: SEK 18.8 m
(11.6)
- Operating margin: 17.2 %
(14.3)
- Profit/loss for the period: SEK 16.2
m
(8.4)
- Earnings per share: SEK 0.37
(0.19)
January-September
2019
- Revenue: SEK 313.3 m
(258.8)
- Gross profit: SEK 190.2 m
(152.4)
- Gross margin: 60.7 %
(58.9)
- EBITDA: SEK 66.6 m
(46.1)
- Operating profit/loss: SEK 59.0 m
(42.9)
- Operating margin: 18.8 %
(16.6)
- Profit/loss for the period: SEK 46.2
m
(32.2)
- Earnings per share: SEK 1.05
(0.73)
Important events in the
quarter
- The American Marine Corps
chooses INVISIO for its communication and hearing protection
equipment program, which covers up to 65,000 soldiers and runs for
three years. The first order is worth SEK 43
million.
- The order book amounted to SEK 82.0
million (82.3) at the close of the quarter.
Important events after the close of the
quarter
- The American Department of Defense signs a five-year framework
agreement worth up to SEK 290
million.
- Our new customer, the Belgian army, submits a first order of
SEK 30
million.
- The Swedish Police sign a two-year framework agreement with
INVISIO with an option to extend for two years. The order value
could amount to SEK 50-75 million
over the agreement period. A first order of SEK 19 million was received.
Conference call
INVISIO invites the media, investors and analysts to a
conference call on Monday, October
28, at 10:00, when the President and CEO Lars Højgård Hansen
will present INVISIO's interim report for the period
January-September 2019.
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.
Sweden: +46 (0)8 5069 2180
Denmark: +45 32 72 80 42
United Kingdom: +44 (0)844 571 8
892
Germany: +49 (0)69 2443 7351
France: +33 (0)1 76 7007 94
Switzerland: +41 (0)31 580
0059
Standard internat.: +44 (0) 2071 928 000
Conference-ID: 269 3165
Webcast
To follow the presentation online, use the link below:
https://edge.media-server.com/mmc/p/btyp7set
For further information, please contact
Michael Peterson, Director IR
& Corporate Communication, INVISIO Communications
Mobile: +45 5372 7733 | E-post: mpn@invisio.com
This information is information that INVISIO Communications 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
25, 2019 14:00 (CEST).
About INVISIO Communications 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.
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 was brought to you by Cision
http://news.cision.com
https://news.cision.com/invisio-communications-ab/r/invisio-interim-report-january-september-2019--new-agreements-are-milestones-in-invisio-s-developmen,c2941614
The following files are available for download:
https://mb.cision.com/Main/17798/2941614/1129953.pdf
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INVISIO
Communications AB (publ) Interim Report January - September
2019
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