IND.L Regulatory News (IND)

8 Nov 2007 10:30

IndigoVision Group PLC08 November 2007 08 November 2007 Indigovision Group plc AGM Trading Update The following statement is being made by the Chairman of IndigoVision at theAnnual General Meeting scheduled for 10:30 am today: Following very strong sales growth last year, we indicated at the time of ourannual results that we had had a good start to the current year. I am pleased to be able to report a strong first quarter, with sales for thethirteen weeks to 28th October 2007 up a healthy 38% on the corresponding period last year. Order intake by value in the first quarter was up a most encouraging 68%, although the timing of despatches arising from these orders isnot precisely comparable with the corresponding period last year. Along withhigher sales, gross margins in the first quarter have also been ahead of lastyear, continuing the strong margin performance seen in last year's second half. IndigoVision's markets are strong and there is currently no tangible sign of aslackening in demand, as a result of turmoil in the financial markets. The Group is beginning to benefit from steps taken last year in expanding the management team and operations infrastructure. These factors, combined with the sales performance in the first quarter, underscore our confidence that the current year should again show strong growth in sales overall and that the year as a whole should result in IndigoVision meeting a key objective of a material and sustainable improvement in operating results. Enquiries to: IndigoVision Group plc Oliver Vellacott CEO +44 (0)131 475 7200 Marcus Kneen CFO Brewin Dolphin Ltd Alan Stewart +44 (0)141 221 7733 Kenneth Fleming This information is provided by RNS The company news service from the London Stock Exchange