DGAP-News: InVision AG: Financial Interim Statements for 2018 First Nine Months

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InVision AG: Financial Interim Statements for 2018 First Nine Months

Düsseldorf (Germany), 30 October 2018 - In the first nine months of fiscal year 2018, InVision AG (ISIN: DE0005859698) achieved total revenues of EUR 9.590 million, which corresponds to a decrease of 1 percent compared to the same period of the previous year (9M 2017: EUR 9.697 million). Revenues of injixo increased by 15 percent up to EUR 2.750 million (9M 2017: EUR 2.392 million). In the first nine months of 2018, revenues from InVision WFM subscriptions remained with EUR 6.010 million on last year's level (9M 2017: EUR 6.016 million). The project business decreased by 36 percent to EUR 0.485 million (9M 2017: EUR 0.756 million). Given the conversion to a new offering and pricing model, revenues of The Call Center School went down by 35 percent to EUR 0.345 million (9M 2017: EUR 0.533 million) and thus fell significantly below expectations.

The Company's EBIT (Earnings Before Interest and Taxes) decreased by 77 percent to EUR 0.216 million (9M 2017: EUR 0.947 million), which was mainly due to increased personnel expenses. The EBIT margin was at 2 percent (9M 2017: 10 percent). The consolidated result declined by 87 percent to EUR 0.095 million (9M 2017: EUR 0.747 million). Accordingly, earnings per share decreased by 88 percent to EUR 0.04 (9M 2017: EUR 0.33).

The operating cash flow decreased by 35 percent to EUR 0.622 million (9M 2017: EUR 0.960 million). As of 30 September 2018, liquid funds went down by 13 percent to EUR 1.923 million (31 December 2017: EUR 2.210 million). With EUR 10.474 million, the equity capital was slightly above the level as of the end of 2017 (31 December 2017: EUR 10.380 million). Thus, the equity ratio equalled 78 percent (31 December 2017: 76 percent), based on a balance sheet total of EUR 13.412 million, as of 30 September 2018 (31 December 2017: EUR 13.683 million).

Due to the revenue development of The Call Center School that fell below expectations, the Company now expects total revenues to decrease by 0-5 percent and a balanced EBIT (Earnings Before Interest and Taxes) in 2018.

The Company's Interim Statements for the first nine months of the 2018 financial year are now available on the Company's website at www.invision.de/investors.  

About InVision:

Since 1995, InVision has been helping its clients to increase their productivity and quality of work and reduce their costs. The InVision group incorporates the brands injixo, a cloud-based workforce management solution for contact centres, The Call Center School, offering cloud-learning courses for contact centre professionals, and InVision WFM, a software solution for workforce management. InVision AG (IVX) is listed in the Prime Standard Segment of the Frankfurt Stock Exchange.

Further information: www.invision.de