Sales and Earnings Forecast for 2008 Revised Downward – Preliminary Half-year Results Confirmed
AD-HOC NOTICE ACCORDING TO § 15 WpHG
InVision Software AG (ISIN: DE0005859698), one of the leading international providers of solutions for enterprise-wide workforce management, is now forecasting a growth in sales and results that is lower than had been projected yet. For fiscal year 2008, the Executive Board is currently forecasting sales from approximately EUR 17 million to EUR 18.5 million and a slight negative to slight positive after-tax result. Until now, the Company had expected sales ranging from approximately EUR 21.5 million to EUR 23 million.
The forecast has been revised downward because of lower licence revenue expectations which may be attributed to the longer decision-making procedures among customers during weaker periods in the economic cycle. A number of orders are thereby being deferred until 2009.
As was noted in the publication of the preliminary half-year results for 2008, InVision continues to expect, as in previous years, strong licence revenue growth in the second half of the year. Accordingly, InVision is anticipating licence revenues of at least EUR 7 million for fiscal year 2008, which corresponds to a decline of approx. 26 percent compared to fiscal year 2007 (EUR 9.5 million). The forecast for maintenance and service revenues remains unchanged: maintenance revenues should increase approximately 25 percent to approximately TEUR 4,000 (2007: TEUR 3,116), while service revenues should rise by approximately 85 percent to approximately TEUR 6,000 (2007: TEUR 3,257).
The preliminary results for the first half-year, which were published on 14th August 2008, have been confirmed. According to the final figures for the first six months of the current fiscal year, revenues totalled EUR 5.0 million. EBIT equalled EUR -3.5 million and was weighted down primarily by the heavy costs of the planned additional staffing. In the same period of the previous year, EBIT was EUR -1.0 million.
The complete financial report for the first half-year of 2008 will be available for download on this website, in the section ‘Financial Reports‘ , on 29th August 2008.