6 Jan 2015 07:00
6 January 2015
IndigoVision Group PLC ("IndigoVision" or the "Group")
Period End Trading Update for the 17 months ending 31 December 2014
Sales for the 17 months ending 31 December 2014 were USD 82.5m, 10% ahead of the adjusted 17 month comparative*. Within this, North America grew 30%; Europe, Middle East and Africa grew 19%; Asia Pacific grew 11%; and Latin American sales were 20% lower after several years of strong growth.
Operating profits, before foreign exchange movements, are expected to exceed USD 4.80m, marginally ahead of the adjusted 17 month comparative. As indicated earlier, foreign exchange movements have affected the period's outturn, with a negative impact of approximately USD 0.60m, compared with a favourable movement of USD 0.15m.
The full results for the 17 months to 31 December 2014 are expected to be published on 26 February 2015 and comparative information for the 12 months to 31 July 2013 presented in USD will be published on the Group's website in January.
*Adjusted 17 month comparative - the sum of two reporting periods, being the 12 months to 31 July 2013 and 5/6ths of the 6 months to 31 January 2014.
For further information please contact:
IndigoVision Group plc |
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Marcus Kneen (CEO) |
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Holly McComb (CFO) | +44 (0)131 475 7200 |
N+1 Singer - Nominated Advisor |
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Sandy Fraser | +44 (0)131 603 6873 |
Notes to Editors
About IndigoVision
IndigoVision is a leader in the design and manufacture of 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, petrochemicals, 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 14 regional centres, in Edinburgh, London, Paris, Amsterdam, Dusseldorf, Dubai, Mumbai, Singapore, Shanghai, Sydney, Toronto, Bogotá, New Jersey, 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.