Interim Group Management Report
of InVision AG as of 30 June 2023 pursuant to §315 of the German Commercial Code (condensed/unaudited)
Results of operation
At the end of the first half-year of 2023 consolidated revenues increased by 9 percent to TEUR 7,765 in the reporting period (previous year: TEUR 7,092). Personnel expenses went up by 4 percent to TEUR 6,560 in the reporting period (previous year: TEUR 6,323). Other operating expenses decreased by 2 percent to TEUR 1,918 in the reporting period (previous year: TEUR 1,963). The operating result (EBIT) increased in the reporting period to TEUR -1,019 (previous year: TEUR -1,520). The EBIT margin in the first half of the year was -13 percent (previous year: -21 percent). In the reporting period, the consolidated result equalled TEUR -1,361 (previous year: TEUR -1,935). Earnings per share were EUR -0.64 (previous year: EUR -0.87), 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 1,826 in the reporting period, which corresponds to a share of 24 percent of the Group revenues. By reclassifying the interest expense/interest income according to the cash flow statement as of 31 December 2022, the cash flow from operating activities in the comparative period changed to TEUR 1,205 and corresponds to a share of 17 percent of the previous year’s Group revenues. As of the end of the reporting period, liquid funds (cash) increased to TEUR 8,191 (31 December 2022: TEUR 6,489). The balance sheet total equalled TEUR 20,240 (31 December 2022: TEUR 18,918), as of the end of the reporting period. Equity capital is now at TEUR 6,686 (31 December 2022: TEUR 7,965), and the equity ratio equals 33 percent (31 December 2022: 42 percent).
Opportunities, risks and forecast report
Reasonable opportunities and risks for the business development of the InVision Group are described in the Group management report of the previous fiscal year. The assessment of the opportunities and risks as well as the forecast for the current fiscal year remain unchanged.
After the end of the reporting period, there were no specific events which were of significant importance for the interim financial report.
Düsseldorf, 24 August 2023
The Executive Board