Interim Group Management Report
of InVision AG as of 31 March 2015 pursuant to §315 of the German Commercial Code (condensed/unaudited)
Results of operation
Consolidated revenues during the reporting period equalled TEUR 2,924 (previous year: TEUR 3,250) and therefore decreased by 10 percent. Revenues from subscriptions increased by 10 percent to TEUR 2,445 (previous year: TEUR 2,216). Project revenues decreased by 54 percent to TEUR 479 (previous year: TEUR 1,034).
The operating result (EBIT) decreased in the reporting period to TEUR 506 (previous year: TEUR 908). The EBIT margin in the reporting period was 17 percent (previous year: 28 percent).
In the reporting period, consolidated net profit equalled TEUR 497 (previous year: TEUR 887). Accordingly, earnings per share were EUR 0.22 with an average of 2,235,000 shares (previous year: EUR 0.41 with 2,140,778 shares).
Net assets and financial position
Cash flow from operating activities reached TEUR 3,055 in the reporting period (previous year: TEUR 2,273) and corresponds to a share of 104 percent of the Group revenues (previous year: 70 percent).
As of the end of the reporting period, the liquid funds (cash) went up to TEUR 7,085 (31 Dec 2014: TEUR 4,388).
The balance sheet total equalled TEUR 17,940 (31 Dec 2014: TEUR 15,239), as of the end of the reporting period. Equity capital is now at TEUR 8,992 (31 Dec 2014: TEUR 8,455), and the equity ratio equals 50 percent (31 Dec 2014: 55 percent).
Opportunities & risks
Reasonable opportunities for the business development of the InVision Group are described in the forecast report of this interim Group management report and in the Group management report of the previous fiscal year. The risks are described in the Group management report for the previous fiscal year.
After the end of the reporting period, there were no specific events which were of significant importance for the interim financial report.
In the Company’s opinion, the demand for solutions to reduce costs and improve productivity in the key markets for InVision will remain at a permanently high level. The InVision Group can therefore constantly exploit sales potential with its offerings. This gives InVision an opportunity to enjoy long-term growth.
For the total year of 2015, the Executive Board of InVision AG still expects an increase in subscription revenues, a decrease in project revenues and an EBIT margin between 20 and 30 percent.
Ratingen, 19 May 2015
The Executive Board