Stockholm, February 23, 2015
INVISIO Reports Full Year Profit and Continued Growth for 2014
INVISIO (IVSO) has today published its full year and fourth quarter report for 2014. INVISIO reports a continued profitable growth during the fourth quarter. 2014 is the first year that INVISIO can report a full year profit.
A number of large orders from the US army and several follow-up orders from NATO-countries have contributed to INVISIO’s strong growth.
Revenue for the quarter increased by 157.3 percent to SEK 63.8 million, compared to SEK 24.8 million during the corresponding period of 2013. Operating profit was SEK 17.1 million, an increase by SEK 21.6 million from SEK -4.5 million in 2013. Profit after taxes was SEK 14.9 million (-3.0).
“I’m happy to announce INVISIO’s first full year profit and the best result yet. The fourth quarter was a period with strong and profitable growth. For the full year of 2014 we can report revenue of SEK 201.6 million and an operating profit of SEK 34.7 million. This is an increase by SEK 116.3 million (136 percent) in comparison to 2013. The result was improved by SEK 45.2 million”, says CEO Lars Højgård Hansen.
Important events October-December 2014
- Received an order from Australia worth SEK 4.3 million.
- Received three orders amounting to a worth of SEK 5.3 million.
- Received an order from US customer worth SEK 14.2 million.
- Received a follow-up order from two NATO-countries worth SEK 5.3 million.
- Launches the next generation X5 headset.
- Outgoing backlog amounted per December 31st to SEK 72.4 million.
For additional information about INVISIO's products, please visit www.invisio.com
For additional information, please contact:
Lars Højgård Hansen, CEO INVISIO Communications
Mobile: + 45 53 72 77 22
E-mail: lhh@invisio.com
About INVISIO Communications AB
INVISIO Communications AB is a public company listed on the NASDAQ OMX First North Premier Segment (ticker code: IVSO) an alternative market on NASDAQ OMX Stockholm. INVISIO specializes in voice communications in difficult conditions. The company develops, manufactures, markets and sells communication solutions such as advanced headsets control units and accessories for use with two-way radio, primarily for professional users who often work in difficult environments. The customers are for example found in the military and military Special Forces, police and SWAT teams, emergency services, the security sector, and various industries throughout the world. Additional information is available on the company's web site at www.invisio.com. Mangold Fondkommission AB is Certified Adviser for INVISIO Communications AB.
