June 03, 2015

New at Media Harbour Düsseldorf: InVision

We have moved our headquarters from Ratingen to Düsseldorf just in time for our 20th anniversary. You can now find us in Maki Solitaire, located in the media harbour in Düsseldorf.

Due to the relocation of our offices, our telephone numbers have changed as follows:

+49 (0)211 / 781 781 88 - Information on cloud-based workforce management with injixo
+49 (0)211 / 781 781 77 - Information on staff scheduling with InVision WFM
+49 (0)211 / 781 781 11 - Information on The Call Center School
+49 (0)211 / 781 781 66 - Information for investors 
+49 (0)211 / 781 781 78 - Information on our job offers for candidates

Our new postal address is now:

May 19, 2015

Annual General Meeting of InVision AG Approves Relocation of Headquarters and Dividend of 1.00 Euro

At yesterday's Annual General Meeting the shareholders of InVision AG (ISIN: DE0005859698) followed unanimously resp. with substantial majority the proposals of the Executive and Supervisory Board.

The decisions taken included, inter alia, the distribution of a dividend of EUR 1.00 per share. Thus, shareholders participate in the Company’s success with more than 95 percent. The dividend will be paid out to shareholders today, 19th May 2015.

In addition to the appropriation of profits and among other items, the shareholders also approved the relocation of the Company’s headquarters from Ratingen to Duesseldorf.

All resolutions and voting results of the 2015 Annual General Meeting can be found at the following website: www.invision.de/investors/shareholders_meetings.

April 28, 2015

Growth in the Cloud, Decline in Project Business - 2015 First Quarter Preliminary Results

According to preliminary figures, InVision AG (ISIN: DE0005859698) generated revenues of EUR 2.924 million in the first quarter of the current fiscal year, which corresponds to a decrease of 10 percent compared to the previous year (3M 2014: EUR 3.246 million). Thus, the EBIT (Earnings Before Interest and Taxes) decreased from EUR 0.908 million in the first three months of 2014 to EUR 0.506 million in the first quarter of 2015.

The decrease in revenues and earnings results from the scheduled reduction of the Company’s project business by 53 percent to EUR 0.479 million (3M 2014: EUR 1.034 million). At the same time, the recurring revenues from the new cloud products again each recorded a two- to three-digit growth rate. Overall, subscription revenues went up by 11 percent, from EUR 2.201 million in the first quarter of 2014 to EUR 2.445 million in the first quarter of 2015.

Liquid funds of the Company rose by 51 percent to EUR 7.085 million as of 31st March 2015 (31st December 2014: EUR 4.388 million).

The complete financial report for the first three months of 2015 will be available from 19th May 2015 on this website at www.invision.de/investors

March 26, 2015

2014 Annual Report: Earnings per Share Increase by 173%, Board To Propose 1 Euro Dividend per Share

Today, InVision AG (ISIN: DE0005859698) released its 2014 Annual Report and confirmed the preliminary results for the preceding financial year, which were previously published on 24th February 2015. In 2014, the Company achieved an EBIT (Earnings Before Interest and Taxes) of EUR 4.124 million, thereby improving its operating result by 135 percent (2013: EUR 1.754 million). The EBIT margin increased to 31 percent (2013: 13 percent). The consolidated group result improved by 171 percent to EUR 4.203 million (2013: EUR 1.552 million), whereas earnings per share increased by 173 percent to EUR 1.94 (2013: EUR 0.71).

Total revenues were at EUR 13.409 million and remained on almost the same level of the previous year (2013: EUR 13.557 million). Thereof the recurring revenues from subscriptions increased by 25 percent to EUR 9.467 million (2013: EUR 7.596 million), whereas project revenues continued to decline, recording a decrease of 34 percent to EUR 3.942 million (2013: EUR 5.961 million).

The operating cash flow increased by 2 percent to EUR 3.089 million (2014: EUR 3.026 million). As of 31st December 2014, liquid funds and securities decreased by 4 percent to EUR 4.388 million (31st December 2013: EUR 4.576 million) due to increased payments made for investing activities and a payment to shareholders.

In the preceding financial year, InVision increased its expenses for research and development by 11 percent to EUR 4.970 million (2013: 4.490 million), which corresponds to 37 percent of total revenues (2013: 33 percent). This puts the Company well above average of Germany’s ITC companies that are investing almost 10 percent of their revenues in research and development (Source: 2014 KfW Business Survey, BITKOM).

At the Annual Shareholders’ Meeting, which takes place on 18th May 2015 in Düsseldorf, the Management Board and Supervisory Board will propose to pay an amount of EUR 1.00 per dividend-bearing share from the distributable profit of InVision AG for the very first time and to carry forward the remaining amount to new account.

For the financial year of 2015, the Company expects a continued increase in subscription revenues, a continued decrease in project revenues and an EBIT margin of between 20 and 30 percent.

The complete 2014 Annual Report is available now at: www.invision.de/investors.

February 24, 2015

InVision AG: EBIT Increases by 135%, According to 2014 Preliminary Results

Today, InVision AG (ISIN: DE0005859698) released its preliminary results for the 2014 financial year. The Company recorded an EBIT (Earnings Before Interest and Taxes) of approximately EUR 4.1 million (2013: EUR 1.754 million), thereby improving its operating result year-on-year by approximately 135 percent. For the entire financial year of 2014, the EBIT margin also increased to a new record high of approximately 31 percent (2013: 13 percent).

With approximately EUR 13.4 million, total revenues remained on almost the same level of the previous year (2013: EUR 13.556 million). Thereof the recurring revenues increased by approximately 24 percent up to EUR 9.5 million (2013: EUR 7.596 million), whereas the project and service revenues continued to decline, recording a decrease of approximately 34 percent down to EUR 3.9 million (2013: EUR 5.96 million).

The growth of the recurring revenues is mainly based on the dynamics of the recently launched "injixo" and "The Call Center School" cloud products. With these products the Company achieved a revenue increase of approximately 100 percent. For the financial year of 2015, InVision expects a continued high growth dynamic of these highly scalable cloud products.

The complete 2014 Annual Report will be available for download from 26th March 2015 from the Company’s website at http://www.invision.de/investors.

November 10, 2014

9M 2014: Earnings per Share Increased by a Record 345%

Today, InVision AG (ISIN: DE0005859698) published its financial report for the first nine months of the current fiscal year, and confirmed the preliminary nine-month results that were previously published on 23rd October 2014. 

The consolidated group result increased by 346% to EUR 3.321 million (9M 2013: EUR 0.725 million). The net margin went up to 34% (9M 2013: 7%). Earnings per share increased by 345% to EUR 1.47 (9M 2013: EUR 0.33). For the financial year of 2014, the Company still expects sales of about EUR 12.8 million and an EBIT of at least EUR 4 million.

Following the successful transition of most foreign markets, InVision plans to significantly expand sales of cloud-based workforce management solutions in Germany from 2015 onwards. At the same time, the wide base of on-premise installations will be integrated more tightly with InVision’s cloud products. 

Furthermore, InVision plans to substantially expand the market presence of "The Call Center School" (TCCS) in 2015. TCCS’ cloud learning offering was launched very successfully in early 2014. For this purpose, the capacities for the market development in the United States will be increased, and, for the first time, a focus team for the German market will be established.

For the financial year of 2015, InVision expects a continued high growth dynamic of the highly scalable "injixo" and "The Call Center School" cloud products.

The complete financial report for the first nine months of 2014 is available now at: 

October 27, 2014

Sky Germany’s Service Centre Optimises Staff Planning with Workforce Management from InVision

With the introduction of the InVision workforce management (WFM) solution, Sky Germany’s service centre in Schwerin has significantly reduced the administrative workload for its staff planning and increased the productivity of the entire operation. The persons responsible for WFM now have one hundred percent control over the entire, complex planning process and the system used for this purpose. In addition, the company has achieved a ninety percent compliance rate of employee preferences, which proves an increase in employee satisfaction.

The Sky Deutschland Service Center GmbH in Schwerin employs approximately 750 people offering an exclusive service for customers and prospective customers of the pay-TV provider Sky Germany - operating 24 hours a day, all year round. Since the start of the Schwerin-based contact centre in 2000, staff planning was executed with the help of in-house tables and lists. Parallel to the growth development of the parent company Sky Germany, the Schwerin location continued to grow. Thus, the complexity of planning increased and operational processes became more elaborate and time-consuming. Therefore, the Sky Germany Service Center GmbH decided to implement a professional workforce management solution: their choice was InVision.

The InVision system enables the Sky workforce managers to create an optimised, requirement- and employee-oriented workforce management. They always have optimal control over the entire course of the day and can execute short-term planning changes in case of deviations. Agents are more efficiently planned and deployed, having resulted in an increase of overall productivity of the service centre.

"The risks arising from manual management and processing of numerous lists were completely eliminated. And we have reached our goal to increase productivity, in any case”, says Thomas Opheys, Director Forecasting & Performance, Sky Deutschland Fernsehen GmbH & Co. KG. “We also meet at least 90 percent of all employees’ preferences. But the most important thing is that with InVision we have gained complete visibility and control with regard to our capacity and resources. We are absolutely satisfied with the solution from InVision.”

October 23, 2014

Preliminary Nine-Months Results: EBIT Increases by 175%, EBIT Margin at Record Levels

According to preliminary figures for the first nine months of 2014, InVision AG (ISIN: DE0005859698) increased its EBIT (Earnings Before Interest and Taxes) by 175% to EUR 2.9 million (9M 2013: EUR 1.1 million). The EBIT margin was 31% (9M 2013: 11%).

Subscription revenues rose by 24% to EUR 6.9 million (9M 2013: EUR 5.6 million). The main driver for this was an increase in sales of almost 100% with the cloud products "injixo" (cloud workforce management) and "The Call Center School" (cloud learning) that were introduced in recent years. Revenue from the project business (licences + services) was reduced on schedule by 41% to EUR 2.6 million (2013 9M: EUR 4.4 million). Total revenues fell by 5% to EUR 9.5 million (9M 2013: EUR 10 million).

As of 30th September 2014, the Company's liquid funds increased by 90% to EUR 8.7 million (31st December 2013: EUR 4.6 million).

For the financial year of 2014, the Company still expects an EBIT growth by at least 125% to more than EUR 4 million, with sales of about EUR 12.8 million. 

The complete financial report for the first nine months of 2014 will be available for download from 10th November 2014 on this website at www.invision.de/investors.

September 11, 2014

InVision Named National Champion for Germany in the European Business Awards 2014/2015

InVision has been named as National Champion in the European Business Awards, representing Germany. The awards are now in its 8th year and engaged with over 24,000 businesses from 33 European countries this year. In total, 709 companies from across Europe, including 30 companies from Germany, have been named as National Champions, going through to the second phase of the competition to be voted “Public Champion” and with the opportunity of winning a prestigious “Ruban d’Honneur” as one of Europe’s brightest businesses.

InVision convinced the international top-class expert jury of the European Business Awards of its status as a true innovator, instigating ongoing improvement and continuous business development based on forward-thinking strategies and concepts. After having radically transformed its business model from an on-premise, license-based software vendor to a pure cloud computing provider, InVision is now tapping the full potential of the cloud for its customers, developing and offering user-friendly workforce management applications and interactive e-learning courses for contact centres.

At national level, InVision is competing with well-known German companies such as BMW, Osram and Sky Germany. Jean Stephens, CEO of RSM International, lead sponsor of the European Business Awards, said: “Every year this competition gets tougher and more competitive as more companies, of varied sizes and across all sectors, chose to compete in this prestigious competition. With the increased number of entries and countries, this year looks to become the toughest awards yet. It will be exciting to watch as we move through to the next round.”

August 21, 2014

Details and Dates Concerning the Repayment to Shareholders

On 28th May 2014, the Annual Shareholders’ Meeting of InVision AG (ISIN: DE0005859698) passed the resolutions, inter alia, on a capital increase from company funds without issuing new shares by an amount of EUR 5,587,500.00, from EUR 2,235,000.00 to EUR 7,822,500.00, and based on this, on a subsequent capital reduction by EUR 5,587,500.00, from EUR 7,822,500.00 to EUR 2,235,000.00.

The above mentioned resolutions of the Shareholders’ Meeting as well as the execution were registered in the Commercial Register (Handelsregister) of the Company, HRB 44338, at the Düsseldorf Local Court (Amtsgericht Düsseldorf) on 11th June 2014 and on 26th June 2014. By execution of the capital reduction, each individual share again represents a pro rata amount of the share capital of EUR 1.00.

The purpose of these capital measures, which converted appropriated capital reserves into free capital reserves, is the repayment of part of the capital to shareholders. The reduction amount of EUR 5,587,500.00 will be paid on a pro rata basis for each existing share on the date of payment. On the basis of the current number of 2,235,000 existing shares, this results in a payment amount of EUR 2.50 per share.

Due to provisions of corporate law, the repayment to shareholders will be executed at the end of a period of six months after the entry of the capital reduction in the Commercial Register has been published, and after the claims of creditors, that have made themselves known in due time, have been secured or satisfied. Shareholders do not need to take any further steps as the payment will be handled by their custodian bank that have the shares in custody at the relevant cutoff date.

As 26th December 2014 (six months after the entry of the capital reduction in the Commercial Register has been published on 26th June 2014) is a public holiday in Germany, the relevant cutoff date for shareholders that are entitled to the repayment shall be postponed to the next business day, Monday, 29th December 2014, after close of trading. The Company will arrange the payment on the following day, Tuesday, 30th December 2014.