3 Nov 2011 10:00
IndigoVision Group PLC ("IndigoVision" or the "Company")
AGM Statement
At IndigoVision's Annual General Meeting being held at 10.00am this morning, Hamish Grossart, Chairman, will make the following statement:
'' I am happy to be able to report that we have had an encouraging start to the year. In the second half of last year, IndigoVision incurred a trading loss, and we indicated with our annual results that we did not anticipate benign conditions for the first half of the current year. The first quarter has seen a return to satisfactory levels of profitability, on sales similar to the corresponding period last year. The operating performance was ahead of last year's first quarter, with gross margins recovering sharply from last year's second half and overheads lower as a result of strong management focus, notwithstanding a maintenance of planned spending on product development. There is little sign of easier background conditions but we currently expect that the progress we have made on margins and costs should continue to show through as the year progresses.''
For further information please contact:
IndigoVision Group plc | |
Oliver Vellacott (CEO) | |
Marcus Kneen (CFO) | +44 (0)131 475 7200 |
Brewin Dolphin Limited (NOMAD) | |
Sandy Fraser | +44 (0)131 225 2566 |
Notes to Editors
About IndigoVision
IndigoVision is a leading manufacturer of complete end-to-end IP Security Management Systems. IndigoVision is widely chosen for applications in airports, city centres, ports, mines, road and rail systems, education, banking, casinos, prisons, government and the military. These enterprise-class systems improve organisations' operational efficiency, enhance public safety and enable timely emergency response.
IndigoVision is headquartered in Edinburgh, UK, with local sales and support offices across the world. IndigoVision partners with over 300 authorised system integrators and installers in 67 countries to provide local system design, installation and service to end users.