Preliminary Figures Confirm an Increase in Operating Profit by appr. 220% for the 1st Half of 2013
According to preliminary results, InVision AG (ISIN: DE0005859698) increased its EBIT (Earnings Before Interest and Taxes) by approximately 220 percent, to approximately EUR 0.5 million in the first half of 2013. In the first half of the previous year the EBIT equalled EUR 0.17 million.
The Company achieved total revenues of approximately EUR 6.4 million, which represents a decrease of approximately 5 percent compared to the same period of the previous year (6M 2012: EUR 6.8 million). This decline is mainly attributable to the downturn of licence revenues of approximately EUR 0.8 million and this is due to the transformation of the Company’s business model that was finalised last year. Services revenues were at approximately EUR 1.2 million in the first half of the year (6M 2012: EUR 1.3 million), whereas revenues from Software and Subscriptions totalled approximately EUR 5.2 million (6M 2012: EUR 5.5 million).
Since the end of the last financial year, liquid funds rose by approximately 60 percent to approximately EUR 4 million (31st December 2012: EUR 2.5 million). Additionally, the Company invested approximately EUR 0.2 million in the buyback of treasury shares in the second quarter of 2013.
The Company continues to record sustained high demand for cloud-based services and therefore expects rising subscription revenues to continue for the second half of this year. Concurrently, the annual cost base has been reduced to approximately EUR 11 million; therefore a further increase in profitability is expected.
InVision AG will provide a definitive earnings forecast with its complete financial report for the first half of 2013. This report will be available for download on this website, in the section ‘Financial Reports’.