IndigoVision Group PLC Trading Statement (6805M)
January 10 2019 - 1:00AM
UK Regulatory
TIDMIND
RNS Number : 6805M
IndigoVision Group PLC
10 January 2019
10 January 2019
IndigoVision Group plc
("IndigoVision", the "Company" or the "Group")
Period End Trading Update
The Board of IndigoVision is pleased to report that sales for
the financial year ended 31 December 2018 were $45.9m, representing
a 9% increase over 2017 sales of $42.1m (as restated for the
adoption of IFRS 15). The positive trend on gross margins reported
in the interim results was maintained throughout the year. In 2018,
the Company expects to report a significant reduction in its
operating loss.
Net cash in hand at 31 December 2018 was $2.0m and the Company
is continuing its discussions with debt providers to replace the
existing Royal Bank of Scotland overdraft facility which expires on
28 February 2019.
The Company's preliminary results for the year ended 31 December
2018 will be published on 7 March 2019.
Enquiries to:
IndigoVision Group plc Pedro Simoes (CEO) +44 (0) 131 475 7200
Chris Lea (CFO)
N+1 Singer, Nominated Advisor Sandy Fraser +44 (0) 20 7496 3176
Charlotte Street Partners, Malcolm Robertson +44 (0) 7788 567680
Media Enquiries Martha Walsh +44 (0) 7876 245962
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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