InVision Software AG Confirms Preliminary Half-Year Results and Outlook 2009

InVision Software AG (ISIN: DE0005859698), one of the leading international provider of solutions for enterprise-wide workforce management, today published its interim financial report for the first half-year 2009. Therein, the Company confirms its preliminary results released on August 19th, 2009. According to the final figures, Group revenues increased by 26 percent up to EUR 6.39 million from EUR 5.07 million reported in the previous year. The EBIT equaled EUR -2.87 million, compared to EUR -3.41 million in the first half-year 2008. In the first six months of the current fiscal year, net Group results totalled EUR -2.13 million, compared to EUR -1.94 million in the same period last year. Accordingly, earnings per share were EUR -0.95 in the first half-year 2009 (first half-year 2008: EUR -0.87).

Licence revenues increased disproportionally by 184 percent up to EUR 2.69 million in the first six months of 2009. In the same period last year, the Company generated EUR 0.95 million with software licence sales. This increase is attributable to the positive effects of the intensification of sales efforts during the fiscal year 2008. Additionally, several contracts have now been completed after postponement in the fourth quarter 2008. As already reported in the announcement of the preliminary half-year results, services revenues declined by 33 percent down to EUR 1.65 million (first half-year 2008: EUR 2.45 million) as a consequence of lower licence revenues during the end of fiscal year 2008. In the medium-term, the continuous growth of licence revenues since beginning of 2009 is expected to increase services revenues as well. Maintenance revenues climbed up by 22 percent to EUR 2.05 million from EUR 1.67 million earned during the same period of the previous year.

Revenues in the “Germany, Austria and Switzerland” region remained constant with EUR 2.44 million in the first six months 2009, compared to EUR 2.47 million in the previous year. In contrast, revenues generated in other foreign countries increased by 52 percent up to EUR 3.95 million (first half-year 2008: EUR 2.60 million).

Furthermore, InVision Software AG confirmed its outlook and the Company’s plans remain unchanged, expecting a significant increase in revenues as well as an EBIT of app. EUR -2.2 million for the fiscal year 2009.

The complete financial report for the first half-year of 2009 is available now for download on this website, in the section ‘Financial Reports’.