Interim Group Management Report
of InVision AG as of 30 June 2016 pursuant to §315 of the German Commercial Code (condensed/unaudited)
Results of operation
Consolidated revenues during the reporting period equalled TEUR 6,274 (previous year: TEUR 5,984) and therefore increased by 5 percent. Revenues from subscriptions increased by 12 percent to TEUR 5,637 (previous year: TEUR 5,036). Project revenues decreased by 33 percent to TEUR 637 (previous year: TEUR 948).
Other operating income increased to TEUR 381 (previous year: TEUR 76). This was primarily due to a one-off compensation payment in the amount of TEUR 275 associated with an incorrect tax advice.
The operating result (EBIT) increased in the reporting period to TEUR 2,023 (previous year: TEUR 926). The EBIT margin in the reporting period was 32 percent (previous year: 15 percent).
In the reporting period, consolidated net profit equalled TEUR 1,854 (previous year: TEUR 934). Accordingly, earnings per share totalled EUR 0.83 with an average of 2,235,000 shares (previous year: EUR 0.42 with 2,235,000 shares).
Net assets and financial position
Cash flow from operating activities reached TEUR 4,419 in the reporting period (previous year: TEUR 2,473) and corresponds to a share of 70 percent of the Group revenues (previous year: 41 percent).
As of the end of the reporting period, the liquid funds (cash) increased to TEUR 4,685 (31 Dec 2015: TEUR 1,405).
The balance sheet total equalled TEUR 16,500 (31 Dec 2015: TEUR 14,243), as of the end of the reporting period. Equity capital is now at TEUR 10,230 (31 Dec 2015: TEUR 8,376), and the equity ratio equals 62 percent (31 Dec 2015: 59 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.
For 2016, InVision still expects a stable demand for the products of the InVision Group.
For the full financial year of 2016, the Executive Board of InVision AG expects total revenues of at least EUR 12 million and an EBIT of EUR 3.5 - 4.0 million.
Düsseldorf, 28 July 2016
The Executive Board