Interim Group Management Report
of InVision AG as of 30 September 2015 pursuant to §315 of the German Commercial Code (condensed/unaudited)
Results of operation
Consolidated revenues during the reporting period equalled TEUR 9,176 (previous year: TEUR 9,485) and therefore decreased by 3 percent. Revenues from subscriptions increased by 11 percent to TEUR 7,677 (previous year: TEUR 6,893). Project revenues decreased by 42 percent to TEUR 1,499 (previous year: TEUR 2,592).
The operating result (EBIT) totaled in the reporting period TEUR 1,692 (previous year: TEUR 2,926). The EBIT margin in the reporting period was 18 percent (previous year: 31 percent).
In the reporting period, consolidated net profit equalled TEUR 1,648 (previous year: TEUR 3,231). Accordingly, earnings per share totalled EUR 0.74 with an average of 2,235,000 shares (previous year: EUR 1.47 with 2,199,556 shares).
Net assets and financial position
Cash flow from operating activities reached TEUR 2,067 in the reporting period (previous year: TEUR 1,652), this corresponds to a share of 23 percent of the Group revenues (previous year: 17 percent).
As of the end of the reporting period, the liquid funds (cash) went down to TEUR 1,650 (31 Dec 2014: TEUR 3,388).
The balance sheet total equalled TEUR 14,644 (31 Dec 2014: TEUR 15,239), as of the end of the reporting period. Equity is now at TEUR 7,880 (31 Dec 2014: TEUR 8,455), and the equity ratio equals 54 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 full financial year of 2015, the Executive Board of InVision AG expects total revenues of approximately EUR 12 million and an EBIT of about EUR 2.5 million
Düsseldorf, 17 November 2015
The Executive Board