STOCKHOLM, Jan. 3, 2020 /PRNewswire/ -- INVISIO is
publishing a reverse profit warning because the order intake, sales
and earnings are expected to considerably exceed market
expectations. Order intake in the fourth quarter amounts to
approximately SEK 268 million, sales
exceed SEK 195 million (95.6) with
sales growth of at least 100 percent and operating profit exceeding
SEK 70 million (20.6).
The main reason for the strong performance is a high order
intake in the quarter combined with good readiness to deliver. The
unpublished order intake has been considerably higher than normal.
The order intake in the fourth quarter amounted to approximately
SEK 268 million.
A planned high inventory level has enabled INVISIO to make
deliveries with short lead times during the quarter and
consequently sales were higher than expected. Revenues exceed
SEK 195 million (95.6).
The consequence of the high sales is that the operating profit
is also stronger than expected. Operating profit for the quarter
exceeds SEK 70 million (20.6).
In repeated reports for several years and in continuous meetings
with the capital market, INVISIO has consistently informed that the
company's market is characterized by larger procurement at
irregular intervals. Lead times are often long due to extensive
administrative processes and customer testing both in laboratories
and among end users. This means that order intake and sales in
individual quarters can vary greatly and have an effect on the
financial year's full-year results.
This business logic also applies going forward, which means that
order intake, sales and earnings may continue to fluctuate sharply
between quarters and consequently impact the full year.
However, the company's assessment is that the order intake,
sales and earnings for the fourth quarter of 2019 will exceed
normal fluctuations and deviate considerably from market
expectations.
INVISIO plans to publish its Q4 report on February 13, 2020, at 14:00.
For further information, please contact:
Lars Højgård Hansen
President and CEO
INVISIO Communications
Mobile: +45-5372-7722 | E-post: lhh@invisio.com
Michael Peterson
Director Investor Relations & Corporate Communication
INVISIO Communications
Mobile: +45-5372-7733 | E-mail: mpn@invisio.com
This information is information that INVISIO Communications AB
(publ) is obliged to disclose under the EU Market Abuse Regulation.
The information was released for public disclosure, through the
agency of the President/CEO, on January 3,
2020, at 08.30 CET.
About INVISIO Communications AB (publ)
INVISIO develops and sells advanced communication systems that
enable professionals in noisy and mission critical environments to
communicate, protect their hearing and work effectively. The
company combines specialist knowledge in acoustics and hearing with
broad engineering know-how in software, materials technology and
integration. Sales are via the headquarters in Copenhagen and sales offices in the
USA, France and Italy and via a global network of partners.
INVISIO's registered office is in Stockholm, Sweden and the company is listed on
Nasdaq Stockholm (IVSO). Additional information is available on the
company's website www.invisio.com.
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INVISIO is publishing
a reverse profit warning
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