Scotland business

Video firm IndigoVision sees 'good progress'

Video surveillance firm IndigoVision has said it is making progress despite reporting a drop in profits.

Operating profits for the 17 months to the end of 2014 were £2.8m - a drop of about 14%, however, sales increased by 10% to £53m.

The company said it had some strong project wins including casinos in the USA and airport and airline projects in Brazil, China, and the Middle East.

The Edinburgh-based firm said it continued to invest in technology.

The latest set of results take into account a change in the reporting period so stretch for 17 months.

Chief executive Marcus Kneen said: "This extended 17-month period has seen good progress overall, and some excellent project wins.

"We expect to make gains going forward in the mid-market, which represents a growth opportunity for IndigoVision and should ameliorate the lumpy effect of larger projects on results."

He added: "Product innovation has continued apace, and the markets in which we operate continue to be favourable."

Body cameras

IndigoVision has developed its own Body Worn Video which will be launched in the next few months.

The company said it was a badge-sized camera and recorder that could be clipped to the clothing of all frontline staff, from police and prison officers, to airline, bank, healthcare and customer services personnel.

A range of high-definition cameras was launched at the end of last year and the firm said sales had been "encouraging".

The strongest market for the company was North America with sales up 30% followed by a 20% increase in Europe, the Middle east and Africa.

IndigoVision has sales and support teams in 22 countries and operates through 18 regional centres.

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