In the first six months of the current financial year, InVision AG (ISIN: DE0005859698) recorded revenues of EUR 5.984 million, according to preliminary figures. This corresponds to a decrease of about three percent compared to the previous year (6M 2014: EUR 6.153 million). Subscription revenues increased by 13 percent to EUR 5.036 million (6M 2014: EUR 4.447 million). Revenues from cloud products again each recorded a two- to three-digit growth rate. The project business was further reduced as scheduled and project revenues decreased by 43 percent to EUR 0.948 million (6M 2014: EUR 1.652 million).
Expenses for the cloud business expansion increased during the first half of 2015. Additionally, the Company incurred one-off restructuring costs in the amount of EUR 0.3 million in the first six months of 2015. Thus, the EBIT (Earnings Before Interest and Taxes) decreased by 51 percent to EUR 0.926 million (6M 2014: EUR 1.907 million). The EBIT margin was at 15 percent (6M 2014: 31 percent).
Due to a dividend payment in the amount of EUR 2.235 million, as well as investments in the Company’s new headquarters in the amount of approximately EUR 1.5 million, liquid funds were reduced by 30 percent to EUR 3.086 million as of 30th June 2015 (31st December 2014: EUR 4.388 million).
For the full financial year of 2015, the Executive Board of InVision AG expects total revenues of approximately EUR 12 million and an EBIT of about EUR 2.5 million.
The complete financial report for the first six months of 2015 will be available from 25th August 2015 on this website at www.invision.de/investors