Ann: Condat delivers strong first quarter results-IVO.AX, page-2

Looking good. Should be a potitive start to today's trading.

Invigor’s Condat delivers strong first quarter results  $2.0 million revenue and $420K EBITDA for Q1  Revenue and EBITDA well ahead of Q1 forecast  Condat sales pipeline continues to grow Leading big data solutions company Invigor Group Limited (ASX: IVO) (“Invigor”) is pleased to announce that its wholly‐owned Berlin‐based software solutions business Condat AG has recorded revenue of $2.0 million and delivered an EBITDA of $420,000 for the quarter ended 31 March 2016. These results are well ahead of the Company’s Q1 forecast for Condat.

Invigor’s Executive Chairman and CEO, Mr Gary Cohen, said: “We are very pleased with the performance of Condat in the March quarter, being the first full quarter under Invigor’s ownership. The EBITDA margin of 21% is better than expected and provides further validation of Condat’s potential to Invigor in both the short and long term.”