Annual Report to shareholders
Sydney, April 21, 2016 AEST (ABN Newswire) - I present Invigor Group Ltd's (
ASX:IVO) (HYROF:OTCMKTS) Annual Report for the year ended 31 December 2015. The past year has seen Invigor further strengthen its foundations as it aims to become one of Australia's leading data analytics and business intelligence companies across business-to-business (B2B) and business-to-consumer (B2C) markets.
There is growing awareness regarding the role that big data can play in business. Understanding one's data enables businesses to grow, be more competitive and make better informed decisions.
Invigor is capitalising on this market opportunity, offering its suite of big data products to customers across a range of sectors including retail and brands, shopping centres, hospitality and leisure, venues, events, hotels and transport hubs. The Company is continually working to connect this data in ways that enable our customers to more accurately reach their target market, giving them the ability to market their products and services with greater success.
Our acquisition of Berlin-based Condat AG in the latter part of the year was particularly exciting in that it allows Invigor to considerably strengthen its product suite.
Condat is a smart media and mobility solutions provider that has developed intellectual property (IP) that complements our Insights range of solutions. Condat is a well-established company with clients that include Germany's major public and private broadcasters as well as key private outlets, thus providing a springboard to European markets and a massive opportunity for the Insights range to grow.
The past year saw some changes to Invigor's management as we moved from the development phase of our products to focus on sales and marketing of them. There was a need to invest further in these aspects of the business and this required a different skill set. The Board and Management we now have provides a strong foundation to drive these required strategies.
Invigor has strengthened its solid fundamentals and offers a good investment case. We have strong momentum as demonstrated in our recent announcements, with many existing clients renewing or expanding contracts as well as new clients signing on. Treasury Wines is one such client, agreeing to implement the Insights Retail platform across its alcoholic beverage range. Condat also started the year with major new contracts including one in the UK with a global telecommunications and media group.
41 DECEMBER 2015 FINANCIAL RESULTS
Invigor recorded a consolidated loss before interest, tax, depreciation and amortisation of approximately $2.1 million for the year ended 31 December 2015 from revenue of $5.3 million. No dividend for 2015 has been declared.
This result reflects:
- Trading results in Australia for 2015
- The addition of Condat during the last two months of the year
- Impacts of executive management and senior staff changes during the last quarter of 2015 which created some one-off costs, affecting the year-end results.
Gary Cohen
Executive Chairman
To view the annual report, please visit:
http://abnnewswire.net/lnk/R0257PT5
About Invigor Group Ltd
Invigor Group (ASX:IVO) uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers.
Today its interconnected data sets enable enterprise clients including retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing the consumer with the best value-for-money.
Using its current products and a pipeline of additional offerings Invigor will have the ability to provide an end-to-end solution spanning sales, product management, business intelligence, marketing, advertising, content creation and distribution, while monetising each step of the process.
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