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Partner Login 10 August 2010
Interim 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.
11 March 2010 Interim Report
Results for the 6 months to 31 January 2010
Financial Highlights
- Revenues up 12% to £12.0m (6 months to 31 January 2009 £10.7m)
- Operating profit unchanged at £1.2m
- Earnings per share up 9% at 10.4p (6 months to 31 January 2009 9.5p)
- Net cash balances increased to £3.9m (31 July 2009 £3.6m)
Operational Highlights
- Continued increase in investment in engineering
- Key project wins in rail in N America, Latin America and Europe
- Banking wins in several geographies
- Strong growth in emerging markets
Chief Executive, Oliver Vellacott, said:
“These results are encouraging in a challenging economic climate, with sales comfortably ahead of last year and the second quarter stronger than the first.
Whilst business and economic risks remain in the short term, we continue to have a high level of confidence in the long term future of IndigoVision.”
30 September 2009 Results for the year ended 31 July 2009 and AGM announcement
Preliminary Results for year to 31 July 2009
Financial Highlights
- Revenues up 43% to a record £26.4m
- Operating profit up 59% to a record £3.26m
- Adjusted basic earnings per share up 59% to 34.1p
- Net cash more than doubled to £3.5m at 31 July 2009
- Maiden dividend of 5.0p per share
Oliver Vellacott, Chief Executive, said
‘These are great results achieved in a difficult economic climate. I am especially pleased to be announcing our first ever dividend to shareholders.
The financial results achieved are a direct result of the strength of our product range and its powerful supporting technology, the talented group of people which we have worldwide, and the strong market position which we have built based on the needs of customers.
The long term market potential for IndigoVision's offering continues to be attractive, the sales force is well developed, distribution and service centers are working well and finances are sound. Although the security market is moving from older analogue systems to IP, 90% of this transition has still to take place, giving IndigoVision a clear opportunity.
In the current year we will be stepping up spend on research and product development to prepare IndigoVision for the next phase of growth. We expect the short term economic background to continue to be difficult, but believe that IndigoVision can meet this challenge.'
Notice of Annual General Meeting 2009
Comparison of Articles of Association
IndigoVision Group Plc will be holding the tenth Annual General Meeting at 10:00am on Wednesday 4th November 2009 in The Adam Suite, Bush House, The Edinburgh Technopole, Nr Milton Bridge, Edinburgh, EH26 0BB
6 August 2009
IndigoVision Group PLC (the “Company” or “IndigoVision”)
Post close trading update for the year to 31 July 2009
The board of IndigoVision, a leading global supplier of IP security systems, is pleased to report that in the second half year the Company experienced strong sales, particularly in the final month. As a result the board estimates that turnover for the year to 31 July 2009 was approximately GBP26.3m, some 43% higher than the previous year. Sales growth was strong in the Middle East, and APAC, and particularly strong in N America. Supporting this growth were airports, casinos, banks and the US-Canada border crossings.
As expected, gross margins were marginally lower than in 2008 reflecting a change in sales mix. However, operating margins for the period are expected to improve marginally year-on-year, as a consequence of which operating profits for the year just ended are expected to be materially ahead of market expectations.
The results for the year to 31 July 2009 are expected to be released on 30 September 2009.
12 March 2009
Results for the 6 months to 31 January 2009
Oliver Vellacott, Chief Executive, said
“As we expected, growth has slowed as a result of weaker corporate spending, dislocation in credit markets and rapidly deteriorating economic conditions in most markets. Against that background, increasing sales in the first half is creditable. Profitability remains sound and the balance sheet healthy. We have had a good start to the second half.”
25 September 2008 Results for the year ended 31 July 2008 and AGM announcement
Preliminary Results for year to 31 July 2008
Financial Highlights
- Revenues up 37% to record £18.4m
- Gross margin 71%, up from 66%
- Operating profit tripled to £2.05m
- Operating margin 11%, up from 5%
- Adjusted basic earnings per share up 102% to 21.4p
- Good start to current year
Oliver Vellacott, Chief Executive, said
‘We are delighted to be able to report strong results for the year to 31 July 2008, with record sales, margins and profits. We are particularly pleased with the sales increases in the Americas of 51% and EMEA of 45% and to have tripled profits against a more difficult economic backdrop.
Growth is continuing in the current year, with sales and new orders won for the first seven weeks well ahead of the corresponding period last year. The strength of IndigoVision’s products, technology, markets and customers together with the continuing move from analogue to digital systems have more than offset the dampening effect of economic weakness. We are confident that the current year will be one of further progress for IndigoVision.’
Notice of Annual General Meeting 2008
IndigoVision Group Plc will be holding the ninth Annual General Meeting at 10:00am on Thursday 6th November 2008 in The Adam Suite, Bush House, The Edinburgh Technopole, Nr Milton Bridge, Edinburgh, EH26 0BB
