IndigoVision Group PLC (the 'Company' or 'IndigoVision')
Post close trading update for the year to 31 July 2010
The board of IndigoVision, a leading global supplier of IP security systems, reports that estimated turnover for the year to 31 July 2010 was approximately £28.0m, c.6% higher than last year's record levels. Sales growth was strong in Latin America, and there was good sales performance in the UK, Northern Europe and Asia Pacific. In North America, Southern Europe and the Middle East sales were down on last year due to lower activity in casinos and hotels. Transport was an active sector, with installations at Delhi Airport in India and rail systems in Brazil and Canada. Police and prison installations replaced casinos as the strongest performing sector.
As expected, gross margins were lower than in 2009 reflecting the continued change in sales mix. Operating margins for the period are expected to be lower than last year and, as a consequence, operating profits for the year just ended are expected to be lower than in 2009.
The results for the year to 31 July 2009 are expected to be released on 29 September 2010.
Notes to Editors
IndigoVision is a leading manufacturer of complete end-to-end IP video security solutions. IndigoVision is widely chosen for applications in airports, city centers, retail, ports, mining & petrochemicals, road & rail systems, education, finance, casinos, law enforcement, government and the military. These enterprise-class systems improve organizations' operational efficiency, enhance public safety and enable timely emergency response.
IndigoVision is headquartered in Edinburgh UK, with its own local sales and support people in 23 countries across the world. IndigoVision partners with some 373 authorized system integrators and installers in 76 countries to provide local system design, installation and service to end users.
IndigoVision Group plc
Oliver Vellacott (CEO)
Marcus Kneen (CFO)
+44 (0)131 475 7200
Brewin Dolphin Limited
Sandy Fraser (NOMAD)
+44 (0)131 529 0276
Pelham Bell Pottinger Limited
+44 (0)20 7861 3112 / +44 (0)7802 442486
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