InVision AG: EBIT Increases by 135%, According to 2014 Preliminary Results
Today, InVision AG (ISIN: DE0005859698) released its preliminary results for the 2014 financial year. The Company recorded an EBIT (Earnings Before Interest and Taxes) of approximately EUR 4.1 million (2013: EUR 1.754 million), thereby improving its operating result year-on-year by approximately 135 percent. For the entire financial year of 2014, the EBIT margin also increased to a new record high of approximately 31 percent (2013: 13 percent).
With approximately EUR 13.4 million, total revenues remained on almost the same level of the previous year (2013: EUR 13.556 million). Thereof the recurring revenues increased by approximately 24 percent up to EUR 9.5 million (2013: EUR 7.596 million), whereas the project and service revenues continued to decline, recording a decrease of approximately 34 percent down to EUR 3.9 million (2013: EUR 5.96 million).
The growth of the recurring revenues is mainly based on the dynamics of the recently launched “injixo” and “The Call Center School” cloud products. With these products the Company achieved a revenue increase of approximately 100 percent. For the financial year of 2015, InVision expects a continued high growth dynamic of these highly scalable cloud products.
The complete 2014 Annual Report will be available for download from 26th March 2015 from the Company’s website at http://www.ivx.com/investors/.