InVision AG Increases Revenues, EBIT and Profit in the First Quarter of 2016
Today, InVision AG (ISIN: DE0005859698) released its financial results for the first three months of fiscal year 2016. In the first quarter of 2016, the Company’s total revenues increased by 7 percent to EUR 3.120 million (3M 2015: EUR 2.924 million). The recurring revenues from subscriptions increased by 15 percent to EUR 2.807 million (3M 2015: EUR 2.445 million), whereas project revenues continued to decline, as scheduled, recording a decrease of 35 percent to EUR 0.313 million (3M 2015: EUR 0.479 million).
In the first quarter of 2016, the Company achieved an EBIT (Earnings Before Interest and Taxes) of EUR 0.782 million, thereby improving its operating result by 55 percent (3M 2015: EUR 0.506 million). The EBIT margin increased to 25 percent (3M 2015: 17 percent). The consolidated group result improved by 23 percent to EUR 0.663 million (3M 2015: EUR 0.538 million), whereas earnings per share increased by 25 percent to EUR 0.30 (3M 2015: EUR 0.24).
In the first three months of 2016, the operating cash flow increased by 40 percent to EUR 4.233 million (3M 2015: EUR 3.031 million). As of 31st March 2016, liquid funds increased by 266 percent to EUR 5.149 million (31st December 2015: EUR 1.405 million).
For the financial years of 2016 and 2017 each, the Executive Board expects a decline in project revenues and an increase in subscription revenues as well as an increase in profits.
The Company’s Interim Statement for the first three months of the 2016 financial year is now available on the Company’s website at www.invision.de/investors.