2016 Half-Year Financial Statement: EBIT More Than Doubled – Full-Year Guidance Specified
Today, InVision AG (ISIN: DE0005859698) released its financial statement for the first half-year of 2016. In the first six months of the current fiscal year, the Company increased its EBIT (Earnings Before Interest and Taxes) by 118 percent to EUR 2.023 million (6M 2015: EUR 0.926 million). The EBIT margin increased to 32 percent (6M 2015: 15 percent). The consolidated group result improved by 99 percent to EUR 1.854 million (6M 2015: EUR 0.934 million). Accordingly, earnings per share increased by 98 percent to EUR 0.83 (6M 2015: EUR 0.42).
In the first half-year of 2016, the Company’s total revenues increased by 5 percent to EUR 6.247 million (6M 2015: EUR 5.984 million). The recurring revenues from subscriptions increased by 12 percent to EUR 5.637 million (6M 2015: EUR 5.036 million), whereas project revenues continued to decline, as scheduled, recording a decrease of 33 percent to EUR 0.637 million (6M 2015: EUR 0.948 million).
The operating cash flow increased by 79 percent to EUR 4.419 million (6M 2015: EUR 2.473 million). As of 30th June 2016, liquid funds increased by 233 percent to EUR 4.685 million (31st December 2015: EUR 1.405 million). Equity totalled EUR 10.230 million (31st December 2015: EUR 8.376 million) and the equity ratio is now at 62 percent (31st December 2015: 59 percent).
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.
The Company’s 2016 Half-Year Financial Statement is now available on this website at https://www.ivx.com/en/investors/financial-reports/.