IND.L Regulatory News (IND)

30 Jul 2007 16:32

IndigoVision Group PLC30 July 2007 30 July 2007 IndigoVision Group plc Pre close trading update for the year to 31 July 2007 The board of IndigoVision expects total turnover for the year to 31 July 2007 toamount to approximately £13.6m, some 80% higher than the previous year. Withinthis, product revenue is approximately 96% of total revenue compared with 91%last year. Product revenues are expected to be approximately 90% higher thanthat achieved in 2006. Gross margins in the second half year are expected to be similar to the level of61% recorded in the first half year. The Group has previously mentioned its planned programme of aggressive expansionof the sales force and sales management infrastructure, and overheads havecontinued to increase in the second half. This inevitably impacts growth inoperating profits, which are nevertheless expected to be substantially ahead oflast year. The results for the year to 31 July 2007 are expected to be released on 13September 2007. Enquiries to: IndigoVision plc Oliver Vellacott CEO +44(0)131 475 7200 Marcus Kneen CFO Brewin DolphinNominated Advisor Kenneth Fleming +44(0)141 221 7733 Alan Stewart This information is provided by RNS The company news service from the London Stock Exchange