IVISYS’ Danish Subsidiary Reports First Profitable Month

IVISYS AB reports that IVISYS APS (the operative unit of IVISYS) has achieved the company’s first profitable month, January 2017. The unaudited result is an EBIT of 73 TSEK. The turnover was 727 TSEK for January arising from both new orders and payments for earlier orders.

IVISYS APS is experiencing its first profitable month in the company’s history. This is the result of the successful completion of multiple projects and the outcome of ongoing business development efforts starting to show tangible results. 

‘We are very pleased to experience a profitable month. We have persistently and patiently been pursuing building up the awareness of our products in relevant markets and it is satisfying to see it starting to pay off. We will still experience high volatility in our order intake, but we have now proven to ourselves as well as our patient investors that we are on the right track to becoming a growing, profitable company and we look forward to continuing down this path. We had expected this to happen already in Q4 of last year, but postponement of expected orders made it impossible then, instead we see it now,’ comments CEO Jakob Kesje.

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