InVision : Closes First Half-Year of 2017 With a Double-Digit Cloud Growth

Today, InVision AG (ISIN: DE0005859698) released its financial results for the first six months of the 2017 fiscal year. In the first half-year of 2017, the Company's total revenues increased by 5 percent to EUR 6.613 million (6M 2016: EUR 6.274 million). Revenues from injixo increased by 20 percent to EUR 1.588 million (6M 2016: EUR 1.323 million), and revenues from The Call Center School rose by 42 percent to EUR 0.407 million (6M 2016: 0.286 million). Revenues from InVision WFM subscriptions remained unchanged at EUR 4.028 (6M 2016: EUR 4.028 million). The project business decreased by 7 percent to EUR 0.590 million (6M 2016: EUR 0.637 million).

In the first half-year of 2017, the Company achieved an EBIT (Earnings Before Interest and Taxes) of EUR 0.762 million. This corresponds to a decrease of 62 percent compared to the previous year (6M 2016: EUR 2.023 million). Thus, the EBIT margin was at 12 percent (6M 2016: 32 percent). While simultaneously increasing revenues, the decrease in operating profit reflects the impact of the announced expansion of sales and marketing activities. In the first six months of 2017, personnel costs increased by 36 percent, and marketing expenses rose by 49 percent compared to the previous year. The consolidated group result declined by 66 percent to EUR 0.638 million (6M 2016: EUR 1.854 million), whereas earnings per share decreased by 65 percent to EUR 0.29 (6M 2016: EUR 0.83).

In the first six months of 2017, the operating cash flow decreased by 63 percent to EUR 1.655 million (6M 2016: EUR 4.419 million). This decline is due to, among other things, the payment of corporation taxes (Q1/2017) in the course of the upcoming closure of the Estonian subsidiary InVision Software OÜ, and the dividend payment in the amount of EUR 1.118 million to the shareholders of InVision AG.

As of 30th June 2017, liquid funds declined to EUR 3.912 million (31st December 2016: EUR 4.009 million). The balance sheet total decreased by 3 percent to EUR 15.329 million (31st December 2016: EUR 15.823 million). Equity capital went down by 4 percent to EUR 10.217 million (31st December 2016: EUR 10,697 million). The equity ratio equaled 67 percent (31st December 2016: 68 percent).

For the 2017 fiscal year, the Company's Executive Board still expects a slight increase in total revenues and an overall positive result.

The Company's Financial Report for the first six months of the 2017 financial year is now available on the Company's website at www.invision.de/investors.