Invisio AB

Latest Results (07.08.2024):

Record Order Intake

Invisio AB reported a record order intake of SEK 673.1 million for the first quarter of 2024, significantly higher than the SEK 315.2 million recorded in Q1 2023. This strong inflow boosted the order book to over SEK 1 billion by the end of the period. The company expects to deliver around 80 percent of this order book within the next 12 months.

Revenue and Profit

Revenue for Q1 2024 was SEK 308.2 million, slightly down from SEK 311.3 million in the same quarter of the previous year. Gross profit stood at SEK 188.0 million, with a gross margin of 61.0 percent. Operating profit was SEK 50.4 million, resulting in an operating margin of 16.4 percent, down from 26.9 percent in Q1 2023.

Significant Orders

Invisio AB received a record order for its Intercom system worth SEK 230 million from a European customer. Additionally, the company secured an order valued at SEK 235 million for third-party radio systems for armored vehicles, where Invisio will act as the system integrator. These orders are expected to be delivered starting in Q2 2024 and continuing through to the final quarter of the year.

New Product Launch

The company launched the INVISIO X7, a next-generation in-ear headset with AI enhancement, in Q1 2024. The X7 achieved a groundbreaking signal-to-noise ratio of 39 decibels, offering unmatched hearing protection. This new product is expected to significantly impact user safety in high-noise environments, with deliveries commencing in the second quarter of 2024.

Positive Market Outlook

Invisio AB anticipates highly attractive market conditions for its product portfolio in the coming years, driven by strong equipment modernization needs and substantial growth in military budgets. The company expects the impact of these developments on demand to become evident towards the end of 2024 or the start of 2025, and to persist for many years. The core focus remains on the US and Europe, with plans to intensify efforts in selected Asian countries.