contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


invisio-positive-outlook-comments-from-peers-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

INVISIO is a technology company. The company specializes in the development of voice communication, where the development is focused on communication solutions such as advanced headsets, control units and peripherals for use with two-way radios. Customers are usually found in the military and special forces, police and task forces, rescue services, the security industry and industries at a global level. The head office is located in Hvidovre.

INVISIO

* CEOTRONICS and GN's FalCom seem to perform well...* ... but growing competitors also means higher competition* We host a Teams call with CEOTRONICS' CEO on 25 SeptemberFalCom is gaining traction...

* CEOTRONICS and GN's FalCom seem to perform well...* ... but growing competitors also means higher competition* We host a Teams call with CEOTRONICS' CEO on 25 SeptemberFalCom is gaining traction in GN and CEOTRONICS share +115% YTDWe have looked at recent sales figures for two of Invisio's competitors: CEOTRONICS, listed in Germany, and GN Store Nord's product group, FalCom. Both companies were historically small, but they have grown in size during the recent increase in military spending, as has been seen with Invisio. GN's share increased 20% on the Q2 report last week, and the company highlighted strength for its FalCom product portfolio reaching almost DKK 100m in sales in Q2 (about one-third of Invisio's Q2 sales). CEOTRONICS has a fiscal year that ends in May, but it grew 89% in the 12-month period ending in May 2024 (defined as 2024 in the tables below for comparison purposes). The momentum is clearly positive, with the share being up 115% year to date (YTD). On customer activity, CEOTRONICS announced for example already in April 2024 that it will equip up to 191,000 German soldiers with control units by 2030, the largest order in the company's history. All outlook comments from the three companies remain unanimously positive.Digitalising defence industry is a strong tailwind, competition could intensifyAll companies in the sector are experiencing strong demand from the defense industry for digital communication and enhanced hearing protection in noisy and complex environments. We believe this creates a significant opportunity for growth. Invisio has been the dominant player in this market, but we are now seeing smaller competitors gain ground and win large tenders. Demand and volumes will likely remain strong for several years, but pricing may become a more important factor as customers have more alternatives. Invisio's gross margin has recently decreased slightly (after adjusting for the third-party deal in 2024-25e), which may indicate increasing price caution among customers. For example, FactSet consensus does not expect CEOTRONICS gross margin to expand, but rather to remain stable at ~43% (well below Invisio's ~60%), and GN commented that FalCom's gross margin was roughly 56%. However, it is a positive sign to see such improving growth rates and demand in the sector, which supports our mid-term organic growth estimates of ~15%.CEO call with CEOTRONICS on 25 SepTo gain further insight into the industry and learn more about market dynamics, we will host a Teams call with Thomas H. Günther, the CEO and Chairman of the Board of CEOTRONICS, on 25 September CET 14:00 to 15:00. The call is open to ABGSC clients.