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#Invisio: Strong Q2 result and new large order

invisio

Swedish voice communication specialist INVISIO has today published its interim report for the period April to June 2015. The company reported high growth and a tripled operating result for the second quarter 2015.

Revenue during the quarter was up by 45 percent to SEK 68.2 million, from SEK 46.9 million the same period previous year. Operating profit increased to SEK 16.2 million (4.9). Net result was SEK 13.5 million (4.2)

I am happy to announce yet another quarter with high growth and an overall very good first half year for INVISIO. During the quarter we received an order from the US military program TCAPS worth SEK 56.7 million. After the period Rheinmetall Canada has been awarded the Canadian program Integrated Soldier Systems (ISS) which includes an INVISIO communications and hearing protection system“, says CEO Lars Højgård Hansen in connection with today’s report.

Furthermore, INVISIO has today, through its partner Marlborough Communications Ltd., been awarded a contract for supplying the UK MoD (Ministry of Defense) with a tactical hearing protection system for dismounted close combat users (or ‘THPS DCCU’). The contract has been awarded for four years, with the option to extend it for a further three years. The initial order is expected to be approximately SEK 130 million. Further information will be communicated when available.

Nordic Investor

 

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