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November 03, 2015

Preliminary Nine-Months Results 2015

According to preliminary figures, InVision AG (ISIN: DE0005859698) recorded revenues of EUR 9.176 million in the first nine months of the current financial year. This corresponds to a decrease of 3 percent compared to the previous year (9M 2014: EUR 9.485 million). Subscription revenues increased by 13 percent to EUR 7.677 million (9M 2014: EUR 6.893 million). Revenues from cloud products again recorded a two-digit and three-digit growth rate respectively. The project business was further reduced as scheduled and project revenues decreased by 46 percent to EUR 1.499 million (9M 2014: EUR 2.592 million).

Due to the one-off restructuring costs during the first half of 2015 and the increased expenses for the cloud business expansion, EBIT (Earnings Before Interest and Taxes) declined by 42 percent to EUR 1.692 million (9M 2014: EUR 2.926 million). The EBIT margin was at 18 percent (9M 2014: 31 percent).

Compared to the same period of the previous year, the operating cash flow increased by 25 percent to EUR 2.067 million (9M 2014: EUR 1.652 million). During the first nine months of the current financial year, liquid funds decreased by 62 percent to EUR 1.653 million (31st December 2014: EUR 4.388 million). This was mainly due to investments in the Company’s new headquarters in Düsseldorf’s Media Harbour in the amount of approximately EUR 2 million, the dividend payment in May 2015 in the amount of EUR 2.235 million, and the partial repayment of a real estate loan in the amount of EUR 0.5 million.

The Executive Board of InVision AG confirms the guidance for the full financial year of 2015 and still expects total revenues of approximately EUR 12 million and an EBIT of about EUR 2.5 million.

The complete financial report for the first nine months of 2015 will be available from 17th November 2015 on this website at www.invision.de/investors.