InVision AG Releases Financial Report for 2018 First Half-Year
In the first half of fiscal year 2018, InVision AG (ISIN: DE0005859698) achieved total revenues of EUR 6.342 million, which corresponds to a decrease of 4 percent compared to the first half-year of 2017 (6M 2017: EUR 6.613 million). Revenues of injixo increased by 14 percent up to EUR 1.811 million (6M 2017: EUR 1.588 million). Revenues of The Call Center School went down by 40 percent to EUR 0.243 million (6M 2017: EUR 0.407 million). The main reasons for this decrease are the conversion to a new offering and pricing for the marketing of individual e-learning courses and the resulting discontinuance of recurring subscription revenues in this area. Revenues from InVision WFM subscriptions totalled EUR 4.002 million (6M 2017: EUR 4.028 million). The project business decreased by 52 percent to EUR 0.286 million (6M 2017: EUR 0.590 million).
In the first six months of 2018, the EBIT (Earnings Before Interest and Taxes) decreased by 94 percent to EUR 0.047 million (6M 2017: EUR 0.762 million), which was due to lower total revenues and increased personnel expenses. The EBIT margin was at 1 percent (6M 2017: 12 percent). The consolidated result declined by 104 percent to EUR -0.027 million (6M 2017: EUR 0.638 million). Accordingly, earnings per share also decreased by 104 percent to EUR -0.01 (6M 2017: EUR 0.29).
The operating cash flow increased by 3 percent to EUR 1.699 million (6M 2017: EUR 1.655 million) in the first half of 2018. As of 30 June 2018, liquid funds rose by 50 percent to EUR 3.326 million (31 December 2017: EUR 2.21 million). With EUR 10.353 million, the equity capital remained almost on the same level as of the end of 2017 (31 December 2017: EUR 10.38 million). Thus, the equity ratio equalled 70 percent (31 December 2017: 76 percent), based on a balance sheet total of EUR 14.819 million, as of 30 June 2018 (31 December 2017: EUR 13.683 million).
The Company’s Financial Report for the first six months of the financial year 2018 is now available on this website at https://www.ivx.com/en/investors/financial-reports/.