Two Transformations, One Higher Quality Group
From projects to platform:
From hardware systems to Human Movement Platform powered by AI.
From projects to products:
From bespoke projects to repeat products powered by our IP & Partner technologies.
Our medium term ambitions - two transformations, one higher quality Group
Revenue* x 2
c. 25% recurring revenue
Mid teens % Adj. EBIT
* From organic & inorganic activities
A higher quality, more predictable business.
Our medium term ambition is a higher-quality, more predictable business: more of our revenue recurring, shorter and more predictable revenue cycles, stronger margins and strong cash generation.
The two engines driving this are moving Vicon towards a platform technology business and adding recurring revenue to its existing revenue sources and moving IVMS from bespoke projects to repeatable products, improving order-to-revenue cycles and margins.
01
Restructure businesses to execute on strategy. Capital and execution focused where returns are strongest; foundation laid for both engines - Vicon: Platform, IVMS: Products.
02
Vicon to transition from Products to Platform. Revenue rising on top of continued capital sales and higher repeat business. IVMS to transition from Projects to Products, with shorter order to revenue cycles, deeper revenue mix and improved operating margin.
03
Scaled differentiated technology into more resilient and higher quality growth, reporting recuring revenues, improved margin and strong cash position.