Growth in the Cloud, Decline in Project Business - 2015 First Quarter Preliminary Results
According to preliminary figures, InVision AG (ISIN: DE0005859698) generated revenues of EUR 2.924 million in the first quarter of the current fiscal year, which corresponds to a decrease of 10 percent compared to the previous year (3M 2014: EUR 3.246 million). Thus, the EBIT (Earnings Before Interest and Taxes) decreased from EUR 0.908 million in the first three months of 2014 to EUR 0.506 million in the first quarter of 2015.
The decrease in revenues and earnings results from the scheduled reduction of the Company’s project business by 53 percent to EUR 0.479 million (3M 2014: EUR 1.034 million). At the same time, the recurring revenues from the new cloud products again each recorded a two- to three-digit growth rate. Overall, subscription revenues went up by 11 percent, from EUR 2.201 million in the first quarter of 2014 to EUR 2.445 million in the first quarter of 2015.
Liquid funds of the Company rose by 51 percent to EUR 7.085 million as of 31st March 2015 (31st December 2014: EUR 4.388 million).
The complete financial report for the first three months of 2015 will be available from 19th May 2015 on this website at http://www.ivx.com/investors/.