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INVISIO Year-end Bulletin 2017: INVISIO closes the year with strong sales in the USA

Stockholm, February 16, 2018

CEO comment
“Our efforts during the year have further strengthened our position and improved our market opportunities. The year’s successes with our own sales offices, contracts won, stronger relations with our customers, as well as an entirely new product category for communication in vehicles, give us a good starting position for the future. To enable the company’s growth ambitions the investments are continuing in 2018, but at a slightly calmer pace”, says Lars Højgård Hansen, CEO of INVISIO.

Full year 2017

Revenue: SEK 365.7 m (330.0)
Gross profit: SEK 202.3 m (171.0)
Gross margin: 55.3% (51.8)
EBITDA: SEK 82.9 m (97.8)
Operating profit/loss: SEK 78.6 m (90.4)
Operating margin: 21.5% (27.4)
Profit/loss for the period: SEK 62.3 m (91.8)
Earnings per share: SEK 1.42 (2.14)
October—December 2017

Revenue: SEK 118.1 m (81.3)
Gross profit: SEK 71.1 m (40.4)
Gross margin: 60.2 % (49.7)
EBITDA: SEK 28.3 m (20.6)
Operating profit/loss: SEK 27.3 m (16.9)
Operating margin: 23.1 % (20.8)
Profit/loss for the period: SEK 15.0 m (16.3)
Earnings per share: SEK 0.34 (0.38)
Important events in the fourth quarter

INVISIO received two orders totaling SEK 30 million for deliveries to the US Army’s new specialist unit, the Security Force Assistance Brigades (SFAB).
An existing defense customer ordered communication and hearing protection systems for just over SEK 30 million.
The order book at the close of the quarter was SEK 153.4 million (136.5).
Important events after the year-end

INVISIO increased its management group with a new executive position. Sigge Frolov was appointed as SVP Product Management.
INVISIO and the Danish Defence Acquisition and Logistics Organization (DALO) signed a 5-year framework agreement for communication equipment for the Danish Army.
The Board of Directors proposes a dividend of SEK 0.60 per share (0.50).

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