IndigoVision Group PLC Trading Update (1580F)
11 July 2019 - 4:00PM
UK Regulatory
TIDMIND
RNS Number : 1580F
IndigoVision Group PLC
11 July 2019
11 July 2019
IndigoVision Group plc
("IndigoVision" or the "Company")
Trading Update
The Board of IndigoVision is pleased to report that sales for
the six months ended 30 June 2019 were $24.1m, representing an 8%
increase over 2018 first half sales of $22.2m and a continuation of
the revenue growth trend seen throughout last year. As a result,
the Company expects to report positive earnings before interest,
tax, depreciation and amortisation ("EBITDA") and an operating
profit for the first half of the calendar year, for the first time
since 2014 (H1 2018: operating loss of $1.1m).
Net cash in hand at 30 June 2019 was $2.7m (31 December 2018:
$2.0m).
The Company's 2019 interim results will be released on 14 August
2019.
Enquiries to:
IndigoVision Group plc Pedro Simoes (CEO) +44 (0) 131 475 7200
Chris Lea (CFO)
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 1,300 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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