INVISIO AB: INVISIO Interim Report January-March 2023: Best quarter in the company's history with strong order intake, sales and profit

STOCKHOLM, May 4, 2023 /PRNewswire/ --

CEO comment

"INVISIO starts 2023 strong, reporting the best quarter in the company's history. Both order intake and revenue are at a higher level than before. This also means stronger gross and operating margins. The forward-looking investments, a substantial order book and an increasingly active market mean that we predict continued positive growth for the year."

January-March 2023

• Revenue: SEK 311.3 m (137.4)
• Gross profit: SEK 194.6 m (82.1)
• Gross margin: 62.5 % (59.7)
• EBITDA: SEK 96.5 m (7.8)
• EBITDA margin: 31.0 % (5.7)
• Operating profit/loss: SEK 83.9 m (-3.8)
• Operating margin: 26.9 % (-2.8)
• Profit/loss for the period: SEK 60.0 m (-4.3)
• Earnings per share: SEK 1.33 (-0.10)
• Cash flow from operating activities SEK 80.2 m (3.3)
• Order intake: SEK 315.2 m (396.8)
• Order book: SEK 626.7 m (481.7)

Important events in the quarter

• INVISIO was awarded a contract with a European non-NATO country's army and received a first order. The value of the order amounts to approximately SEK 40 million and refers to INVISIO's advanced and AI-driven system for communication and hearing protection. Large parts of the country's special forces are already customers.
• The company received its largest Intercom order to date. The customer is a European NATO country and the order value is about SEK 40 million. The customer has previously placed several orders for the system, to a combined value in excess of SEK 100 million.
• The Racal Acoustics brand received a breakthrough order in the North American market for the new RA4000 Magna headset. The order value is SEK 42 million.

Important events after the quarter

• There are no important events after the quarter to report.

For additional information, please contact:
Lars Højgård Hansen, CEO, INVISIO
Mobile: [phone] | E-mail: [e-mail]

Thomas Larsson, CFO, INVISIO
Mobile: [phone] | E-mail: [e-mail]

Invitation to conference call

INVISIO will host a conference call on Friday, May 5, at 10:00, when CEO Lars Højgård Hansen will present INVISIO's report. The conference call will be held in English, starting with a brief presentation followed by a question-and-answer session.

Registration

To participate in the conference call you must pre-register. After registration you will receive a telephone number and PIN code. You can also use the "call me function".

Please register 5-10 minutes prior to the scheduled starting time to facilitate a timely start to the conference call.

Registration

https://register.vevent.com/register/BIcfaa89f190f34ea8ac485eb42d4dbcd2

Webcast

To follow the presentation online, use the link below:
https://edge.media-server.com/mmc/p/948jn9tp

For further information, please contact:
Michael Peterson, Director IR & Corporate Communication, INVISIO
Mobile: [phone] | E-mail: [e-mail]

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 May 4, 2023, 11:00 (CEST).

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 operates under two brands, INVISIO and Racal Acoustics, combining insights in acoustics and human hearing with broad engineering know-how in software, materials technology and interface. Sales are via the headquarters in Copenhagen and sales offices in the USA, France, the 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.

The following files are available for download:

https://mb.cision.com/Main/17798/3762986/2030578.pdf

INVISIO Interim Report January-March 2023

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