Invisio: Orders keep coming - ABG

SEK 40m Intercom order from existing EU customer
Strong order intake, ATH backlog & margin expansion ahead
63x EV/EBIT 2023e, 39x 2024e for +20% sales CAGR


Order momentum takes off strongly in 2023

Invisio continues its steady stream of order announcements with today's order of SEK 40m from a European NATO country. The order is for the Intercom system, and is the third order from the same customer. The first two orders were SEK 13m and 14m each. The Intercom system is a new innovative solution that enables simple and effective internal communication in vehicles, boats and helicopters, at a cost that is below traditional solutions, according to Invisio. This means that the order momentum continues after a strong 2022. Most of the systems will be delivered in Q1'23 and at the beginning of Q2'23, which supports near-term sales estimates. Invisio also estimates that the customer's need may lead to further requests in the near future.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/invisio/Equity-research/2023/1/invisio---orders-keep-coming/