Post Close Trading Update

7 Aug 2008 07:30



IndigoVision

Post close trading update 

for the year to 31 July 2008

At the time of the half year results, the board of IndigoVision reported signs of slower spending by corporate end users and that some economies were at risk of recession. The strength of the business and its markets were expected to go some way to ameliorate any impact on the rate of growth arising from harsher conditions.

In the event that has proved to be the case, and the board of IndigoVision estimates that turnover for the year to 31 July 2008 amounted to approximately £18.4m some 37% higher than the previous year. Sales growth in the first half was 48% and estimated sales growth in the second half of the year was approximately 28%. Gross margins remained robust at an estimated 71% for the year as a whole, a 5% improvement on the previous year.

During the year, IndigoVision continued to add sales resource to compliment the previous year's investment in management infrastructure. These cost increases were carefully planned within the constraints of seeking to grow profits as well as sales. Operating profits for the year just ended are expected to be broadly in line with market expectations, which are around three times the previous year's level.

The results for the year to 31 July 2008 are expected to be released on 25 September 2008.

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