2nd Nov 2006 10:30
IndigoVision Group PLC02 November 2006 2 November 2006 IndigoVsion Group plc AGM Trading Update The following statement is being made by the Chairman of IndigoVision at theAnnual General Meeting scheduled for 10:30 am today: "Following good growth last year, trading has continued to be strong since theyear end with markets continuing to develop, and last year's rate of growthcontinuing into the first quarter. Sales for the first three months of the current financial year are around doublethat of the corresponding period last year. Margins have continued to be robustalthough a little below last year's levels, and better than anticipated giventhe much greater sales volume. Overheads have also risen as the rate ofincrease in sales and marketing expenditure has been stepped up to make surethat IndigoVision takes maximum advantage of the opportunity before it. Thecontinuing market shift from analogue to internet protocol video augurs well forthe remainder of the year, and the Board remains confident that substantialsales growth will be achieved this year, with a concomitant improvement inoperating performance." Enquiries to: IndigoVision plc Dr Oliver Vellacott CEO +44 (0)131 475 7200 Marcus Kneen CFO This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IND.L