Interim Group Management Report
of InVision AG as of 30 June 2021 pursuant to §315 of the German Commercial Code (condensed/unaudited)
Results of operation
Consolidated revenues increased by 9 percent to TEUR 6,768 in the reporting period (previous year: TEUR 6,236). Personnel expenses increased by 14 percent to TEUR 4,903 in the reporting period (previous year: TEUR 4,309). Other operating expenses increased by 27 percent to TEUR 1,487 in the reporting period (previous year: TEUR 1,175). The operating result (EBIT) decreased in the reporting period to TEUR 33 (previous year: TEUR 453). The EBIT margin in the first-half of the year was 0 percent (previous year: 7 percent). In the reporting period, the consolidated result equalled TEUR -327 (previous year: TEUR -69). Earnings per share were EUR -0.16 (previous year: EUR -0.02), 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 1,591 in the reporting period (previous year: TEUR 2,119), which corresponds to a share of 24 percent of the Group revenues (previous year: 34 percent). As of the end of the reporting period, liquid funds (cash) increased to TEUR 8,665 (31 December 2020: TEUR 7,791). The balance sheet total equalled TEUR 23,253 (31 December 2020: TEUR 22,398), as of the end of the reporting period. Equity capital is now at TEUR 13,086 (31 December 2020: TEUR 13,413), and the equity ratio equals 56 percent (31 December 2020: 60 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.
The forecast is described in the Group management report of the previous fiscal year and remains unchanged.
Düsseldorf, 26 August 2021
The Executive Board