InVision AG Achieves Record EBIT in the First Quarter of 2014 - Growth Rate of More Than 570%
According to preliminary figures, InVision AG (ISIN: DE0005859698) increased its EBIT (earnings before interest and taxes) by 572 percent to EUR 0.9 million (3M 2013: EUR 0.134 million) in the first quarter of the current fiscal year.
Total revenues increased by 6 percent to EUR 3.25 million (3M 2013: EUR 3.051 million). Sales in the services segment decreased by 42 percent to EUR 0.35 million (3M 2013: EUR 0.601 million). This was mainly due to the restructuring of the services business in the United States, which was executed at the beginning of the current fiscal year. In contrast, InVision achieved a revenue growth of 18 percent with software and subscriptions, and earned total revenues of EUR 2.9 million (3M 2013: EUR 2.449 million) in this segment. Recurring revenues from cloud services again recorded an upper two-digit growth rate.
As of 31st March 2014, the Company’s liquid funds increased to EUR 4.7 million (31st December 2013: EUR 4.576 million), despite net payments of approximately EUR 2.5 million for the purchase of a commercial property.
The complete financial report for the first three months of 2013 will be available for download from 12th May 2014 from the Company’s website at: http://www.ivx.com/investors/.