<a id="bm-comp-47ba4ece-20d0-4150-a08c-144323aed8de" name="bm-comp-47ba4ece-20d0-4150-a08c-144323aed8de" class="BMCustomAnchor"></a><table><tr><td bm-component-id="47ba4ece-20d0-4150-a08c-144323aed8de" style="vertical-align: top; width:100.000000%;"><ul><li>Q4 already pre-announced, orders +18% vs cons</li><li>TAM updated from SEK 14bn to 25bn (+80%)</li><li>Positive 2025 outlook on sales and orders, estimates up 5-10%</li></ul></td></tr></table><a id="bm-comp-0931a836-d4a6-4b80-885f-930a86f7f0da" name="bm-comp-0931a836-d4a6-4b80-885f-930a86f7f0da" class="BMCustomAnchor"></a><table><tr><td bm-component-id="0931a836-d4a6-4b80-885f-930a86f7f0da" style="vertical-align: top; width:100.000000%;"><h3 class="bm-h3">Q4 details</h3><p>Sales and EBIT already pre-announced (<a href="https://abg-portal.bluematrix.com/links2/html/31223ff5-f0f2-45bf-8e0f-4017978ceb5a?firmId=45691" target="_blank">link</a>), order intake SEK 549m (46% vs ABG 375m, 18% vs cons 466m), DPS SEK 2.30 (47% vs ABG 1.56, 13% vs cons 2.04). Updates total addressable market after a few years of strong growth and complimentary technology acquisitions, from SEK 14bn to SEK 25bn (up 80%). A more mature and modernized military market plus extensive product development justifying increased average prices per user and system, are the main drivers.</p><h3 class="bm-h3">Reiterates positive 2025 outlook</h3><p>Invisio reiterates its outlook for strong sales and order intake in 2025. Consensus likely to raise EBIT by 5-10% due to the solid order intake, positive revisions for the TAM and reiterated optimistic outlook for 2025. Conf call at CET 15.00.</p></td></tr></table><a id="bm-comp-60f45fde-cb42-41ae-b9e4-978914946c96" name="bm-comp-60f45fde-cb42-41ae-b9e4-978914946c96" class="BMCustomAnchor"></a><table><tr><td bm-component-id="60f45fde-cb42-41ae-b9e4-978914946c96" style="vertical-align: top; width:100.000000%;"><table id="bm-img-c705a76e-8d69-4347-b418-b2923aecd386" class="bm-img-table xslt-img-empty xslt-img-include"><tr><td class="xslt-img-caption">Updated TAM estimates</td></tr><tr><td><img bm-img-encrypt="c705a76e-8d69-4347-b418-b2923aecd386" bm-img-original-height="152" bm-img-original-width="698" bm-img-svg="image:image_upload/85513_a698e1e3-2d67-4556-a8f1-694be81a1c73.svg" bm-img-width-hint="63.96%" id="bm-id-c705a76e-8d69-4347-b418-b2923aecd386" src="https://abgsc.bluematrix.com/images/image_upload/85513_a698e1e3-2d67-4556-a8f1-694be81a1c73_465.png" svg="/nas/web/clients/abgsc/images/image_upload/85513_a698e1e3-2d67-4556-a8f1-694be81a1c73.svg" width="465" alt="" title="" /></td></tr><tr><td class="xslt-img-source">Source: ABG Sundal Collier, company data</td></tr></table></td></tr></table>