Interim Group Management Report
of InVision AG as of 30 June 2017 pursuant to §315 of the German Commercial Code (condensed/unaudited)
Results of operation
Consolidated revenues equalled TEUR 6,613 (previous year: TEUR 6,274) during the reporting period and therefore increased by 5 percent. Revenues from InVision WFM subscriptions remained unchanged at TEUR 4,028 (previous year: TEUR 4,028). Revenues from injixo increased by 20 percent to TEUR 1,588 (previous year: TEUR 1,323). Revenues from The Call Center School increased by 42 percent to TEUR 407 (previous year: TEUR 286). Project revenues decreased by 7 percent to TEUR 590 (previous year: TEUR 637).
Other operating income was at TEUR 29 (previous year: TEUR 381).
The operating result (EBIT) decreased in the reporting period to TEUR 762 (previous year: TEUR 2,023). The EBIT margin in the reporting period was 12 percent (previous year: 32 percent).
In the reporting period, consolidated net profit equalled TEUR 638 (previous year: TEUR 1,854). Earnings per share were EUR 0.29 (previous year: EUR 0.83), based on an average of 2,235,000 shares (previous year: 2,235,000 shares).
Net assets and financial position
Cash flow from operating activities reached TEUR 1,655 in the reporting period (previous year: TEUR 4,419), which corresponds to a share of 25 percent of the Group revenues (previous year: 70 percent).
As of the end of the reporting period, liquid funds (cash) decreased to TEUR 3,912 (31 Dec 2016: TEUR 4,009).
The balance sheet total equalled TEUR 15,329 (31 Dec 2016: TEUR 15,823), as of the end of the reporting period. Equity capital is now at TEUR 10,217 (31 Dec 2016: TEUR 10,697), and the equity ratio equals 67 percent (31 Dec 2016: 68 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 2017, InVision still expects a stable demand for the products of the InVision Group.
InVision expects a slight increase in total revenues for 2017. Currently, it is not possible to give a specific forecast of the 2017 EBIT with sufficient probability, as the strong expansion of the headcount and its resulting impact on sales are uncertain regarding both the respective amount and the timing. However, InVision is planning with an overall positive result.
Düsseldorf, 13 July 2017
The Executive Board