6 Aug 2014 07:00
IndigoVision Group PLC ("IndigoVision" or the "Group")
Interim Trading Update for the second interim period for the 12 months to 31 July 2014
CONTINUED GROWTH
Revenue for the 12 months to 31 July 2014 exceeded £37m, more than 15% higher than the previous 12 months, and in constant currency over 20% higher.
All major regions have reported year on year revenue growth. Gross margins were marginally ahead of the previous year, and overheads were increased by approximately 15% as IndigoVision continued to develop global sales and distribution.
Operating profits for the 12 months to 31 July 2014 will be around £2.4m, approximately 17% higher than the corresponding period last year. Profits were affected by sterling strengthening against the US dollar (in which the majority of the Group's sales are denominated). Before foreign exchange movements, operating profit will be around £2.7m, approximately 50% higher than last year. Last year's operating profits included a £0.3m foreign exchange gain.
The results for the second interim period for the 12 months ending 31 July 2014 are expected to be announced on 17 September 2014.
For further information please contact:
IndigoVision Group plc | |
Marcus Kneen (CEO) | |
Holly McComb (CFO) | +44 (0)131 475 7200 |
N+1 Singer - Nominated Adviser | |
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 23 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.