View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

  
reports
Daniel Thorsson
  • Daniel Thorsson

INVISIO - Guiding for a strong Q4 and H1’2023

Q3 seems to be the start of a stronger period 2023-24e sales +3%, adj. EBIT +1-4% 52x ‘23e EV/EBIT at 31% ‘23e growth, 14% EBIT margin

Daniel Thorsson
  • Daniel Thorsson

INVISIO - Orders up 76% y-o-y and margins on the rise

Q3 sales grew 26% organically, +2% vs cons Guides for strong Q4 & H1 2023 from ATH order book Consensus estimates likely up ~5%

Daniel Thorsson
  • Daniel Thorsson

INVISIO - Market activity has picked up

We expect 36% order growth & 30% sales growth in Q3e EBIT margins to improve from here 44x 2023e EV/EBIT on 14% EBIT margin

Daniel Thorsson
  • Daniel Thorsson

INVISIO - Ready for delivery season

Delayed deliveries in Q2 but record-high order book Sales -1-2% and higher opex cut EBIT by 9-37% Share at 7x EV/sales and 35x EV/adj. EBITDA 2023e

Daniel Thorsson
  • Daniel Thorsson

INVISIO - Weaker than expected Q2, but solid outlook

Q2 sales -7% vs cons and EBIT SEK -8m vs cons 9m The higher activity remains, H2 sales to be better than H1 Limited sales revisions, EBIT likely down somewhat

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Strong sales to come, but with a delay

Q2 report due on 22 July We move sales slightly further into the future Our positive LT perspective remains, already better in H2

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - ABGSC’s Investor Days feedback

Military exposure to pay off from raised budgets Delayed deliveries hurting sales short-term… …but order book and order intake at ATH is promising

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Strongest order book in the company’s history

Sales miss, but very strong order intake of SEK 482m Most of the orders are planned to be delivered during ‘22 Strong long-term outlook due to high military spending

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Sales miss, but very strong order intake

Q1 sales -13% vs cons, order intake +17% vs ABGSC The company expect supply chain challenges also in Q2 Long-term trends (military spending) in favor

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Increasing military spending to benefit Invisio

Q1 report due on 4 May Announced orders slightly boost sales Trades at 12x ’22 EV/sales, above 5Y NTM average of 8x

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Good order flow in end of Q1’22

Three announced orders for a total value of SEK 209m Deliveries are planned to start in Q2’22 We est. ’22 delivery corresponds to ~18% of ‘22e sales

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Set for recovery in 2022

Q4’21 confirms challenging 2021, FY org. growth of -17% We remain confident about the H2’22 turning point We expect a ’20-’24e EBIT CAGR of 25%

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Sales came in short, but orders in line

EBIT -93% vs cons due to delayed sales (-14% vs cons) Order intake of SEK 160m (-3% vs ABG), up 27% y-o-y Expect cons to slightly to come down 2022-23

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Promising order announcement of SEK 275m

Enters 5-year framework agreement of Racal products Worth SEK 275m, however, no volumes are guaranteed Adds 6-7% to 2022-23e sales if fully utilised linearly

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Challenging 2021, but higher hopes for late ’22

Q4 results due on 14 February We expect sales of SEK 181m and EBIT of SEK 18m Share trading at EV/EBIT of 58x-32x in ‘22e-‘23e.

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - ABGSC’s Investor Days feedback

CEO L. Højgård Hansen gave a general business update The pandemic has largely impacted Invisio 2020-2021 We put more hopes in to 2022

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - Small order but good signalling value

European NATO country orders Intercom system Small order but important for future marketing of Intercom Less than 10% of our expected order intake in Q4’21e

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Rebecka Gärderup

INVISIO - 2021 a lost year, future looks brighter

Q3 organic sales growth of -28% and first loss since ‘13 ‘21e-‘23e sales cut by 6% and EBIT by 43-18% Good long-term outlook, but limited short-term visibility

Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search

ResearchPool Subscriptions

Get the most out of your insights

Get in touch