Brief: Invisio: Q4 2019 Results Stronger Than Expected

Invisio AB

03/01/2020 07:35

Jan 3 (Reuters) - Invisio Communications AB  IVSO.ST :
    * INVISIO'S ORDER INTAKE, SALES AND EARNINGS ARE STRONGER
THAN
EXPECTED IN THE FOURTH QUARTER OF 2019
    * COMPANY'S ASSESSMENT IS THAT ORDER INTAKE, SALES AND
EARNINGS
FOR Q4 OF 2019 WILL EXCEED NORMAL FLUCTUATIONS AND DEVIATE
CONSIDERABLY FROM MARKET EXPECTATIONS
    * ORDER INTAKE IN Q4 AMOUNTS TO APPROXIMATELY SEK 268
MILLION,
SALES EXCEED SEK 195 MILLION (95.6) WITH SALES GROWTH OF AT
LEAST 100 PERCENT AND OPERATING PROFIT EXCEEDING SEK 70 MILLION
(20.6)
    * OPERATING PROFIT FOR Q4 EXCEEDS SEK 70 MILLION (20.6)
    * MAIN REASON FOR STRONG PERFORMANCE IS A HIGH ORDER INTAKE
IN
QUARTER COMBINED WITH GOOD READINESS TO DELIVER

Source text for Eikon:  ID:nWkr91MXnb 
Further company coverage:  IVSO.ST 

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