LONDON (Alliance News) - Video security systems provider IndigoVision Group PLC on Thursday said trading in 2016 to date has continued to outpace the previous year.
In a statement to be given at its annual general meeting, the company's board said trading in 2016 has continued to be better year-on-year, as indicated at its annual results in March.
Revenue is "a little behind last year", IndigoVision said, but this has been offset by a stronger operating performance, helped by cost cutting and beneficial currency movements.
IndigoVision said pricing pressure has continued to be in evidence in its markets, but has been ameliorated by higher volumes and product cost reductions designed to preserve margins.
"Although market conditions remain competitive, the board continues to expect that 2016 as a whole will see improvements over last year," the company said.
IndigoVision shares were down 2.2% to 137.44 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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