19 May 2016 07:00
19 May 2016
IndigoVision Group PLC ("IndigoVision" or the "Group")
AGM Trading Update
At the Annual General Meeting to be held at 11am today, the board of IndigoVision will update shareholders on trading as follows:
"We indicated at the time of our annual results in March that the start to 2016 had been better than last year, although as the corresponding period was particularly subdued, this should be seen in context. This trading pattern has been broadly continued in the year to date.
Revenues are a little behind last year, but operating performance is ahead as a result of action taken to adjust to market conditions. Efficiencies continue to be realised, cash balances are strong, and currency movements have benefited the Group in the year to date. Pricing pressure continues to be evident in the marketplace, but this has been ameliorated by higher sales volumes year on year and by product cost reductions aimed at maintaining gross margins.
Although market conditions remain competitive, the board continues to expect that 2016 as a whole will see improvements over last year."
For further information please contact:
IndigoVision Group plc | |
Marcus Kneen (CEO) | |
Holly McComb (CFO) | +44 (0)131 475 7200 |
N+1 Singer - Nominated Advisor | |
Sandy Fraser | +44 (0)207 496 3000 |
Notes to Editors
About IndigoVision
IndigoVision designs and manufactures high performance, intelligent video security systems for large scale and complex security installations. From video capture and transmission to analysis and storage, IndigoVision networked video security systems provide the best quality and most secure video evidence, and use market leading compression technology to minimise network bandwidth usage 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, 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 22 countries and operates through 17 regional centres, in Edinburgh, London, Paris, Amsterdam, Dusseldorf, Dubai, Mumbai, Singapore, Macau, Shanghai, Sydney, Mexico City, Toronto, Bogotá, New Jersey, Buenos Aires and Sao Paulo. IndigoVision partners with a network of some 600 trained and authorised IndigoVision resellers to provide local system design, installation and servicing to IndigoVision's system users.
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