STOCKHOLM, Feb. 15, 2021 /PRNewswire/ --
CEO comment
"INVISIO is closing 2020 with an intensive fourth quarter, where
the acquisition of Racal Acoustics represents an important
milestone. It not only means an increase in INVISIO's revenue base,
but also that the company can now offer two of the market's
strongest brands. Developments in the quarter and in 2020 have
meant that we have both strengthened the company and our market
position, despite the exceptional conditions prevailing. All in
all, INVISIO is well prepared for meeting 2021, but the challenges
should not be underestimated. We are still in the midst of a
pandemic, which is most likely to set its stamp at least on the
first half of 2021," says Lars Højgård Hansen, CEO of INVISIO.
October-December 2020
- Revenue: SEK 172.8 m (200.5)
- Gross profit: SEK 102.2 m
(123.1)
- Gross margin: 59.1 % (61.4)
- EBITDA: SEK 45.5 m (76.0)
- Operating profit/loss: SEK 40.2 m
(73.5)
- Operating margin: 23.3 % (36.7)
- Profit/loss for the period: SEK 27.5
m (55.4)
- Earnings per share: SEK 0.62
(1.26)
January - December 2020
- Revenue: SEK 532.0 m (513.8)
- Gross profit: SEK 309.0 m
(313.3)
- Gross margin: 58.1 % (61.0)
- EBITDA: SEK 108.1 m (142.6)
- Operating profit/loss: SEK 95.4 m
(132.6)
- Operating margin: 17.9 % (25.8)
- Profit/loss for the period: SEK 61.2
m (101.6)
- Earnings per share: SEK 1.39
(2.30)
Important events in the quarter
- INVISIO announced the acquisition of Racal Acoustics, a
world-leading supplier of systems for communication and hearing
protection for environments with constant high noise.
- INVISIO launched an in-house developed over-the-ear headset -
INVISIO T7. The headset sets a new standard for submersibility,
ruggedness, flexibility and hearing protection.
- The order book at the close of the quarter was SEK 123.2 million (145.0).
Important events after the quarter
- The acquisition of Racal Acoustics was completed.
- One more American elite force chose INVISIO and submitted a
first order. The order value was less than SEK 20 million but is of strategic
significance.
- INVISIO's management group was expanded to include James Ewing, Managing Director of Racal
Acoustics.
- The Board of Directors proposes a dividend of SEK 0.70 per share (0.85).
For additional information, please contact:
Lars Højgård Hansen, CEO, INVISIO
Mobile: +45 5372 7722
E-mail: lhh@invisio.com
Thomas Larsson, CFO, INVISIO
Mobile: +45 5372 7735
E-mail: thl@invisio.com
Invitation to conference call
INVISIO invites the media, investors and analysts to a
conference call on Monday, February
15, at 15.00, when the President and CEO Lars Højgård Hansen
will present INVISIO's Year-end Bulletin for 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 numbers 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) 207 192 83 38
Sweden (Local
number): +46 (0) 856618467, (Free of charge): +46 (0) 200125160
Denmark (Local
number): +45 32720417, (Free of charge): +45 80711246
UK (Local number): +44 (0) 8444819752, (Free of
charge): +44 (0) 8002796619
Germany (local
number): +49 (0) 6922222625, (Free of charge): +49 (0)
8007234756
France (Local number):
+33 (0) 170700781, (Free of charge): +33 (0) 805101465
Switzerland (Local
number): +41 (0) 445807145, (Free of charge): +41(0) 800000367
Conference-ID: 694 0578
Webcast
To follow the presentation online, use the link below:
https://edge.media-server.com/mmc/p/8vnam9ea
For further information, please contact
Michael Peterson, Director IR
& Corporate Communication, INVISIO
Mobile: +45 5372 7733
E-mail: mpn@invisio.com
This information is information that INVISIO 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 February 15, 2021
14:00 (CET).
About INVISIO 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, UK, Italy and Thailand 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.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/invisio-ab/r/invisio-year-end-bulletin-2020--acquisition-strengthens-invisio-s-growth-potential,c3286978
The following files are available for download:
https://mb.cision.com/Main/17798/3286978/1373126.pdf
|
INVISIO AB (publ)
Year-end Bulletin 2020
|