InVision AG: EBIT Increases by 260%, according to Preliminary 9-Months Results
According to preliminary results, InVision AG (ISIN: DE0005859698) increased its EBIT (Earnings Before Interest and Taxes) by approximately 260 percent to approximately EUR 1 million in the first nine months of 2013 (9M 2012: EUR 0.3 million).
The Company achieved total revenues of approximately EUR 10 million, which represents an increase of approximately 2 percent compared to the same period in the previous year (9M 2012: EUR 9.8 million). The Cloud aspect of the business in particular recorded a very dynamic growth, which resulted in an increase of revenues from Software and Subscriptions to approximately EUR 8.1 million, despite a decline in licence revenues. Services revenues were at approximately EUR 1.9 million, thus remaining at the same level compared to the first nine months of 2012 (9M 2012: EUR 1.9 million).
Since the end of the last financial year, liquid funds have almost doubled to approximately EUR 4.9 million (31st December 2012: EUR 2.5 million). Additionally, the Company spent approximately EUR 0.6 million on the buyback of treasury shares in 2013.
For the total year of 2013, the Executive Board of InVision AG still expects subscription revenues to continuously increase and an EBIT of at least EUR 1.6 million.
The complete financial report for the first nine months of 2013 will be available for download from 11th November 2013 from the Company’s website at: http://www.ivx.com/investors/financial-reports/.