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DGAP-News: InVision Software AG Had a Successful Start to the 2012 Financial Year, According to Preliminary Three-Month Results
(DGAP Corporate News Via Acquire Media NewsEdge) DGAP-News: InVision Software AG / Key word(s): Preliminary
Results/Quarter Results
InVision Software AG Had a Successful Start to the 2012 Financial
Year, According to Preliminary Three-Month Results
23.04.2012 / 09:38
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InVision Software AG Had a Successful Start to the 2012 Financial Year,
According to Preliminary Three-Month Results
- Revenues of approximately EUR 3.2 million, EBIT of approximately EUR
-0.4 million
- Liquid funds increased to approximately EUR 2.6 million
Ratingen (Germany), 23rd April 2012 - InVision Software AG (ISIN:
DE0005859698) has started the 2012 financial year successfully. Presenting
revenues of approximately EUR 3.2 million, the company reported the
second-best Q1 results since InVision was founded. Compared to the record
results of the first three months in 2011, with revenues of EUR 3.7
million, this corresponds to a decrease of approximately 14 percent.
Revenues from software and subscriptions, at approximately EUR 2.6 million,
remained on the same level as in the first quarter of 2011. Service
revenues fell by approximately 40 percent to EUR approximately 0.6 million
(3M 2011: EUR 1 million). As of the end of the first quarter of 2012,
earnings before interest and taxes (EBIT) equalled approximately EUR -0.4
million, compared to EUR +0.1 million reported for same period last year.
As of 31st March 2012, liquid funds increased by approximately 53 percent
to approximately EUR 2.6 million (31st December 2011: EUR 1.7 million),
specifically due to payments received from the sale of software licences
and subscriptions as well as maintenance contracts. At the same time, the
annual cost basis excluding amortisation and depreciation could be further
reduced by approximately EUR 0.4 million to approximately EUR 12.5 million,
as of 31st March 2012. This corresponds to a decrease of approximately 3
percent (31st December 2011: EUR 12.9 million).
The 2012 preliminary three-month results confirm the on-schedule process of
the transition of the business model to cloud computing. One-off licence
revenues and project services are gradually being replaced by subscriptions
to cloud computing services. The Executive Board of InVision Software AG is
confident that the positive effects of this strategic re-positioning will
materialise during the course of 2012.
The complete financial report for the first three months of 2012 will be
available for download from the Company's website at
http://www.invisionwfm.com/uk/global_pages/investor_relations/financial_re
ports from 14th May 2012.
About InVision Software
InVision Software is a leading international provider of cloud-based
workforce management solutions which enable companies to optimise their
staff planning and scheduling processes. InVision empowers customers to
reduce personnel costs, increase productivity, improve employee
satisfaction and to boost revenue by leveraging better customer service.
Founded in 1995 and based in Ratingen (Germany), InVision currently employs
about 170 WFM specialists and has offices across Europe, North America, and
South Africa. InVision Software AG (IVX) is listed in the Prime Standard
Segment of the Frankfurt Stock Exchange.
Further information: www.invisionwfm.com
Contact:
InVision Software AG
Investor Relations
Jutta Handlanger, Head of Corporate Communications
Halskestraße 38, D-40880 Ratingen, Germany
phone: +49 (0)2102 728-444, eMail: ir@invision.de
End of Corporate News
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23.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: InVision Software AG
Halskestraße 38
40880 Ratingen
Germany
Phone: +49 (0)2102 / 728-0
Fax: +49 (0)2102 / 728-111
E-mail: info@invision.de
Internet: www.invision.de
ISIN: DE0005859698
WKN: 585969
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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165998 23.04.2012
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