Published on: July 12, 2021
Strong growth in Profit Protection
Thruvision has demonstrated resilience during FY21, with management acting quickly to offset weakness in some core end markets due to the COVID‑19 pandemic. The group has delivered gross margin growth and retained its balance sheet strength due to stringent cost control and a shift in revenue mix. The Profit Protection sector operates in a growth market and has also been a major beneficiary of the knock-on impact of the global pandemic. We believe Thruvision is well-positioned to grow rapidly as the market leader of ‘safe distance’ people-screening technology in a number of international markets as activity levels normalise.