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November 10, 2016

2016 Third Quarter Results: EBIT Increased by 51% – Full-Year Guidance Confirmed

Today, InVision AG (ISIN: DE0005859698) released its financial results for the first nine months of 2016. During this period, the Company increased its EBIT (Earnings Before Interest and Taxes) by 51 percent to EUR 2.555 million (9M 2015: EUR 1.692 million). The EBIT margin increased to 28 percent (9M 2015: 18 percent). The consolidated group result decreased slightly by 1 percent to EUR 1.627 million (9M 2015: EUR 1.648 million). It was affected significantly by a provision for income taxes in the amount of EUR 0.7 million for an intended closure of the Estonian subsidiary InVision Software OÜ, Tallinn. Consequently, earnings per share decreased by 4 percent to EUR 0.71 (9M 2015: EUR 0.74).

In the first nine months of 2016, the Company’s total revenues increased by 1 percent to EUR 9.256 million (9M 2015: EUR 9.176 million). Recurring revenues from subscriptions increased by 10 percent to EUR 8.410 million (9M 2015: EUR 7.677 million), whereas project revenues continued to decline, as planned, experiencing a decrease of 44 percent to EUR 0.846 million (9M 2015: EUR 1.499 million).

Operating cash flow increased by 182 percent to EUR 5.793 million (9M 2015: EUR 2.051 million). As of 30th September 2016, liquid funds were at EUR 5.499 million, an increase of 291 percent (31st December 2015: EUR 1.405 million). Equity totalled EUR 9.972 million (31st December 2015: EUR 8.376 million) and the equity ratio is now at 60 percent (31st December 2015: 59 percent).

For the full financial year of 2016, the Executive Board of InVision AG still expects total revenues of at least EUR 12 million and an EBIT of EUR 3.5 - 4.0 million. To accelerate the company’s growth, the Executive Board has embarked on a significant increase in Sales and Marketing effort for its Workforce Management and E-Learning product ranges in North America, the UK and Germany. This includes the recruitment of up to 42 new employees initially.

The Company’s Interim Statement for the first nine months of the 2016 financial year is now available on this website at www.invision.de/financial_reports.