INVISIO Interim Report January-March 2020: Good Growth and First Delivery of the Intercom System

STOCKHOLM, May 5, 2020 /PRNewswire/ -- CEO comment

"INVISIO started 2020 with good growth and satisfactory order intake and received a further order from the Security Force Assistance Brigades (SFAB) in the U.S. army. INVISIO also made a first delivery of the Intercom system and received another small order for the solution. Despite COVID-19, all essential functions and activities within the company are continuing as usual. Deferred order intake, deliveries of components and finished products cannot be ruled out if measures taken to limit the epidemic are prolonged. But INVISIO's financial position is sound," says Lars Højgård Hansen, CEO of INVISIO.

January - March 2020

• Revenue: SEK 116.8 m (66.8)
• Gross profit: SEK 67.2 m (40.7)
• Gross margin: 57.5 % (60.9)
• EBITDA: SEK 16.8 m (3.9)
• Operating profit/loss: SEK 14.4 m (1.5)
• Operating margin: 12.3 % (2.2)
• Profit/loss for the period: SEK 9.4 m (1.5)
• Earnings per share: SEK 0.21 (0.03)

Important events in the quarter

• INVISIO received a further order from the Security Force Assistance Brigades (SFAB), a specialist unit in the U.S. army. The order is worth about SEK 36 million.
• INVISIO made a first delivery of the Intercom system and received another small order for the solution in the first quarter.
• The Board of Directors proposes a dividend of SEK 0.85 per share (0.70).
• The order book at the close of the quarter was SEK 124.9 million (48.3).

Conference call

INVISIO invites the media, investors and analysts to a conference call on Wednesday, May 6, at 10:00, when the President and CEO Lars Højgård Hansen will present INVISIO's interim report for the period January-March 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 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.

Standard international: +44(0)2071-928-338

Sweden: +46(0)8-566-184-67

Denmark: +45-327-204-17

UK: +44(0)844-481-9752

Germany: +49(0)69-222-226-25

France: +33(0)170-700-781

Switzerland: +41(0)445-807-145

Conference-ID: 389 4407

Webcast

To follow the presentation online, use the link below:

https://edge.media-server.com/mmc/p/zc3t8j8e

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 May 5, 2020 11:00 (CET).

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 further information, please contact:
Michael Peterson
Director IR & Corporate Communication
INVISIO Communications
Mobile: +45-5372-7733
E-post: [email protected]

For additional information, please contact:
Lars Højgård Hansen
CEO, INVISIO Communications
Mobile: +45-5372-7722  
E-mail: [email protected]

Thomas Larsson
CFO, INVISIO Communications
Mobile: +45-5372-7735 
E-mail: [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/invisio-communications-ab/r/invisio-interim-report-january-march-2020--good-growth-and-first-delivery-of-the-intercom-system,c3103653

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