InVision AG Releases Preliminary Half-Year Results: EBIT Growth of More Than 250%
According to preliminary figures, InVision AG (ISIN: DE0005859698) increased its EBIT (earnings before interest and taxes) by 254 percent to EUR 1.9 million (6M 2013: EUR 0.538 million) in the first six months of the current fiscal year. For the first time, EBIT margin exceeded 30 percent, setting a new record with 31 percent (6M 2013: 8 percent).
As in the previous year, cloud revenues again recorded an upper two-digit growth rate, thus exceeding licence revenues for the first time. Revenues from software and subscriptions increased by 5 percent to EUR 5.5 million (6M 2013: EUR 5.2 million). At the same time, services revenues further decreased by 44 percent down to EUR 0.7 million (6M 2013: EUR 1.234 million) as announced. Total revenues amounted to EUR 6.2 million and were 5 percent below the previous year’s level (6M 2013: EUR 6.453 million).
The cloud learning offering, which was launched under the brand “The Call Center School” at the beginning of 2014, exceeded the Company’s expectations in the first half-year of 2014. In the six months after the product launch, more new customers were successfully acquired than for all other products during the last three years combined. InVision expects the present growth trend to continue in the upcoming quarters.
As of 30th June 2014, the Company’s liquid funds increased by 107 percent to EUR 9.5 million (31st December 2013: EUR 4.576 million), despite net payments of approximately EUR 2.6 million for the purchase of a commercial property. Annualised total costs were further reduced down to EUR 9 million (31st December 2013: EUR 9.5 million).
The complete financial report for the first six months of 2014 will be available for download from 11th August 2014 from this website at www.invision.de/investors.