IndigoVision set to miss targets

INDIGOVISION, the internet video security company, has warned that its full year sales and profits will not meet its initial targets.

The company’s estimated turnover for the year ended 31 July was £28.9m, three per cent above the £28m reported last year.

A 28 per cent increase in sales in the US was offset by a 35 per cent fall in Canada, and the company’s larger divisions in North America and in Europe, the Middle East and Africa saw sales decline, which it said reflected public expenditure reductions and weaker economic conditions.