InVision AG Releases Preliminary Results 2013: EBIT Increases by 115%
Today, InVision AG (ISIN: DE0005859698) released its preliminary results for the financial year 2013, and confirmed its annual forecast that was previously published on 11th November 2013. As expected, the Company recorded an EBIT (Earnings Before Interest and Taxes) of approximately EUR 1.75 million, thereby improving its operating result year-on-year by approximately 115 percent (2012: EUR 0.82 million). In the fourth quarter, the Company registered an EBIT of approximately EUR 0.7 million, compared to EUR 0.5 million in the third and EUR 0.4 million in the second quarter of 2013.
Also in line with expectations, Cloud revenues significantly increased in 2013 and recorded an upper two-digit growth rate. Revenues of the traditional Licence business continued to decline as expected. Service revenues were at approximately EUR 2.8 million and almost remained on the same level as in the previous year (2012: EUR 2.7 million). As a result, total revenues slightly increased from EUR 13.23 million in 2012 to approximately EUR 13.56 million in 2013.
InVision AG will publish the 2013 Annual Report including a guidance for 2014 at the end of March. The 2013 Annual Report will be available for download from 31st March 2014 from the Company’s website at: http://www.ivx.com/investors/.