IndigoVision Group PLC Period End Trading Update (5092Z)
13 Enero 2020 - 01:00AM
UK Regulatory
TIDMIND
RNS Number : 5092Z
IndigoVision Group PLC
13 January 2020
13 January 2020
IndigoVision Group plc
("IndigoVision", the "Company" or the "Group")
Period End Trading Update
The Board of IndigoVision is pleased to report that sales for
the financial year ended 31 December 2019 were $50.1m, representing
a 9% increase over 2018. Gross margins were maintained in line with
prior year and with strong cost control, the Company expects to
report operating profit and EBITDA in line with market
expectations.
Following the drawdown of $2.7m of the new bank facility to fund
the cash consideration for the acquisition of AgoraSys SA,
completed in November 2019, net cash in hand at 31 December 2019
was $2.0m.
The Company's preliminary results for the year ended 31 December
2019 will be published on 5 March 2019.
Enquiries to:
Pedro Simoes (CEO)
IndigoVision Group plc Chris Lea (CFO) +44 (0) 131 475 7200
N+1 Singer (Nominated
Adviser and Broker) Lauren Kettle +44 (0) 20 7496 3000
Notes to Editors
About IndigoVision
IndigoVision is a leader in the design and supply of high
performance, highly-intelligent video security systems for security
installations of differing sizes and complexity. From video capture
and transmission to analysis and storage, IndigoVision's networked
video security systems provide the best quality and most secure
video evidence, using market leading compression technology to
minimise bandwidth and reduce storage costs.
IndigoVision's technology is ideally suited for use in mission
critical facilities such as government, oil and gas, transport,
cities, industry, retail, education, police, prisons and casinos to
improve public safety, protect assets, develop organisations'
operational efficiency and support law enforcement.
IndigoVision has sales and support teams in 24 countries with
its headquarters in Edinburgh and regional offices in New Jersey,
Toronto, Dubai and Sao Paulo. IndigoVision partners with a network
of some 1,200 trained and authorised IndigoVision resellers to
provide local system design, installation and servicing to
IndigoVision's system users.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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