Interim Group Management Report
of InVision AG as of 30 June 2018 pursuant to §315 of the German Commercial Code (condensed/unaudited)
Results of operation
Consolidated revenues equalled TEUR 6,342 (previous year: TEUR 6,613) during the reporting period and therefore decreased by 4 percent. Revenues from WFM subscriptions increased by 4 percent and were at TEUR 5,813 (previous year: TEUR 5,616). Revenues from InVision WFM decreased by 1 percent to TEUR 4,002 (pervious year: TEUR 4,028) whereas revenues from injixo increased by 14 percent to TEUR 1,811 (previous year: TEUR 1,588). Revenues from The Call Center School decreased by 40 percent to TEUR 243 (previous year: TEUR 407). Other revenues decreased by 52 percent to TEUR 286 (previous year: TEUR 590). Revenues from WFM Licences decreased by 53 percent to TEUR 242 (previous year: TEUR 520) whereas revenues from Project Services decreased by 37 percent to TEUR 44 (previous year: TEUR 70).
Other operating income was at TEUR 56 (previous year: TEUR 29).
The operating result (EBIT) decreased in the reporting period to TEUR 47 (previous year: TEUR 762). The EBIT margin in the reporting period was 1 percent (previous year: 12 percent).
In the reporting period, consolidated net loss equalled TEUR -27 (previous year: profit TEUR 638). Earnings per share were EUR -0.01 (previous year: EUR 0.29), 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 1,699 in the reporting period (previous year: TEUR 1,655), which corresponds to a share of 27 percent of the Group revenues (previous year: 25 percent).
As of the end of the reporting period, liquid funds (cash) decreased to TEUR 3,326 (31 December 2017: TEUR 2,210).
The balance sheet total equalled TEUR 14,819 (31 December 2017: TEUR 13,683), as of the end of the reporting period. Equity capital is now at TEUR 10,353 (31 December 2017: TEUR 10,380), and the equity ratio equals 70 percent (31 December 2017: 76 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 the upcoming years, InVision expects a stable demand for the products of the InVision Group, thus offering opportunities for winning new customers and, subsequently, for a sustainable exploitation of the revenue potential as well as sustainable profitability. InVision expects an increase in total revenues for 2018 of 0-10 percent (2017: 6 percent) and an EBIT margin of 0-10 percent (2017: 10 percent).
Düsseldorf, 19 July 2018
The Executive Board