6 Aug 2009 07:00
IndigoVision Group PLC (the "Company" or "IndigoVision")
Post close trading update for the year to 31 July 2009
The board of IndigoVision, a leading global supplier of IP security systems, is pleased to report that in the second half year the Company experienced strong sales, particularly in the final month. As a result the board estimates that turnover for the year to 31 July 2009 was approximately GBP26.3m, some 43% higher than the previous year. Sales growth was strong in the Middle East and APAC, and particularly strong in N America. Supporting this growth were airports, casinos, banks and the US-Canada border crossings.
As expected, gross margins were marginally lower than in 2008 reflecting a change in sales mix. However, operating margins for the period are expected to improve marginally year-on-year, as a consequence of which operating profits for the year just ended are expected to be materially ahead of market expectations.
The results for the year to 31 July 2009 are expected to be released on 30 September 2009.
Notes to Editors
About IndigoVision
IndigoVision is a leading manufacturer of complete end-to-end IP video security solutions. IndigoVision is widely chosen for applications in airports, city centers, retail, ports, mining & petrochem, road & rail systems, education, finance, casinos, law enforcement, government and the military. These enterprise-class systems improve organizations' operational efficiency, enhance public safety and enable timely emergency response.
IndigoVision is headquartered in Edinburgh UK, with its own local sales and support people in 21 countries across the world. IndigoVision partners with some 290 authorized system integrators and installers in 64 countries to provide local system design, installation and service to end users.
Enquiries to:
| IndigoVision Group plc Oliver Vellacott (CEO) Marcus Kneen (CFO) | +44 (0)131 475 7200 |
| Brewin Dolphin Limited Sandy Fraser (NOMAD) Neil McDonald |
+44 (0)131 529 0276 |