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INVISIO (IVSO) investor relations material
INVISIO Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue was SEK 426.9 million, with order intake up 64% to SEK 401.3 million and operating margin at 14%.
Major SEK 145 million order from a new European customer for the X7 headset, with further orders anticipated.
Product portfolio now consists almost entirely of newly developed products, supporting strong gross margins and future growth.
Integration of UltraLynx acquisition and new UK office relocation to support growth.
High market activity driven by increased European defense spending and new customer wins; order book stands at SEK 705 million.
Financial highlights
Q2 2025 revenue was SEK 426.9 million (down 23% YoY), order intake SEK 401.3 million (up 64% YoY), and gross margin 56.7% (up from 46.6%).
Operating profit for Q2 was SEK 60.2 million, operating margin 14.1%; net profit SEK 31.4 million; EPS SEK 0.68.
Cash flow from operating activities in Q2 was SEK -1.6 million, improved from SEK -35.3 million last year.
Cash and cash equivalents at period end were SEK 315.0 million, up from SEK 112.3 million a year ago.
Equity/assets ratio was 72% at period end, up from 71% a year ago.
Outlook and guidance
Updated long-term target: average annual operating margin of at least 20% (previously 15%).
High order book and market activity expected to drive a strong second half of 2025.
Growth and dividend targets remain unchanged; volatility in defense sector earnings noted.
Large defense investments in Europe and NATO expected to drive growth from late 2025 onwards.
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