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Why invest in INVISIO?
Stable financial development and continuous investments in R&D
INVISIO holds a leading position in a growing niche market. The main strengths include high growth with sound profitability, a strong corporate culture and a clear strategy – where continued broadening of the offer, penetration of new geographical markets and expansion to new user groups are important components.
20%
The target is to increase average sales by at least 20 per cent per year.
Financial development and investments in R&D
Good long-term organic growth
INVISIO's average annual growth during the period 2018–2022 amounted to 16 percent. Growth in 2020 and 2021 was strongly negatively affected by the pandemic, which drags down growth for the period.
Record order book of just over SEK 600 million at the start of 2023.
The acquisition of Racal Acoustics in 2021 has meant a strengthened market position, a broader offer and an expanded revenue base.
The market for INVISIO's offer is independent of the economic cycle and structurally growing.
Financial development and investments in R&D
Sound profitability enables offensive R&D
The gross margin for the period 2018–2022 averaged 58.2 percent. For 2022, the margin amounted to 58.0 percent. T
he average operating margin for 2018–2022 amounted to 14 percent. In the second half of 2022 strengthened the margin and amounted to roughly 20 percent in the fourth quarter. For the whole year 2022 amounted to it to 8.4 percent.
Investments in R&D for the period 2018–2022 amounted to an average of 15 percent per year of the company's total revenue.
Financial development and investments in R&D
Good long-term organic growth
All volume production is done with the help of contract manufacturers, which enables scalability, flexibility and full focus on product development and sales.
The cash flow from current operations before changes in working capital in 2022 amounted to SEK 100.9 million (62.2).
INVISIO has a good financial position. The group's equity ratio was 64 percent (61) at the end of the year.
Strong market position in a growing niche market
Growing niche market with high entry barriers
Increased geopolitical uncertainty has led to greatly increased military activity and larger defense budgets.
The market is growing structurally as more and more users in defense and the police are provided with personal communication equipment.
Hearing loss is the most common injury for military personnel. About 30 percent of all police officers have hearing damage after finishing their service.
Entering the market and winning a public procurement usually takes several years. High entry barriers have meant that the number of active actors is relatively few.
Strong market position in a growing niche market
Market leading position and a portfolio of multi-year framework agreements and programs
The company's strategy is to grow annually with on average 20 percent and thereby increase penetration within their niche market.
INVISIO Group is with the two strong brands INVISIO and Racal Acoustics on clear global market leader in its niche. It was further enhanced by Racal Acoustics breakthrough in the US at the beginning by 2023.
INVISIO has a portfolio of framework agreements and winning program, which enables recurrence sale. They run for three more seven years, during which Racal Acoustics' agreement can run significantly longer. Examples of customers: United States defence, several NATO armies, Swedish and Danish police.
Growth strategy and corporate culture
Broadened customer offer, new user categories and geographical markets
The new Intercom system is a completely new source of income. The market value is estimated to amount to SEK 7 billion per year. During In 2022, several volume orders were received.
The police are a growing user group, whose market is estimated to amount to SEK 1.5 billion per year.
INVISIO processes new geographic markets, primarily Asia but also South America and the Middle East.
The acquisition of Racal Acoustics means a completely new, complementary product category, the distribution of which is significantly strengthened through INVISIO's sales organization.
Growth strategy and corporate culture
Strong corporate culture
INVISIO's corporate culture is strong. Incentives and option programs cover all employees, which contributes to motivating employees and strengthening the culture.
INVISIO received the 2023 "Excellent score" in the Employee Net Promoter Score survey.
The past five years' average staff turnover and short-term sickness absence are low and amounted to 6 and 1 percent respectively.
Experienced management with many years of cooperation. The CEO and the directors in sales and R&D have worked at INVISIO for more than 15 years each.