10 Jan 2019 07:00
10 January 2019
Â
IndigoVision Group plc
Â
("IndigoVision", the "Company" or the "Group")
Â
Period End Trading Update
Â
Â
The Board of IndigoVision is pleased to report that sales for the financial year ended 31 December 2018 were $45.9m, representing a 9% increase over 2017 sales of $42.1m (as restated for the adoption of IFRS 15). The positive trend on gross margins reported in the interim results was maintained throughout the year. In 2018, the Company expects to report a significant reduction in its operating loss.
Â
Net cash in hand at 31 December 2018 was $2.0m and the Company is continuing its discussions with debt providers to replace the existing Royal Bank of Scotland overdraft facility which expires on 28 February 2019.
Â
The Company's preliminary results for the year ended 31 December 2018 will be published on 7 March 2019.
Â
Enquiries to:
Â
IndigoVision Group plc | Pedro Simoes (CEO) | +44 (0) 131 475 7200 |
 | Chris Lea (CFO) |  |
 N+1 Singer, Nominated Advisor  |  Sandy Fraser |  +44 (0) 20 7496 3176 |
Charlotte Street Partners, Media Enquiries  | Malcolm Robertson Martha Walsh | +44 (0) 7788 567680 +44 (0) 7876 245962 |
Â
Follow the stocks