InVision AG Releases 9M 2013 Financial Report and Increases Full-Year Forecasts
In the first nine months of 2013, InVision AG (ISIN: DE0005859698) increased its EBIT (Earnings Before Interest and Taxes) by 274 percent to EUR 1.051 million, compared to EUR 0.281 million in the same period of the previous year. The Company increased its consolidated result to EUR 0.725 million (9M 2012: EUR -0.300 million). Earnings per share also rose to EUR 0.33 in the first nine months of 2013, compared to EUR -0.14 in the previous year.
Group revenues increased by 2 percent to EUR 9.992 million (9M 2012: 9.774 million). While Services revenues remained almost unchanged at EUR 1.865 million (9M 2012: EUR 1.857 million), Software and Subscription revenues went up by 3 percent to EUR 8.127 million (9M 2012: EUR 7.916 million). The Cloud aspect of the business in particular recorded a very dynamic growth, which resulted in an overall increase of revenues from Software and Subscriptions, despite a decline in Licence revenues.
In the first nine months of 2013, the cash flow from operating activities increased by 189 percent and amounted to EUR 3.018 million, compared to EUR 1.044 million in the first nine months of 2012. Since the end of the last financial year, liquid funds have almost doubled to EUR 4.878 million (31st December 2012: EUR 2.490 million). Additionally, the Company spent EUR 0.556 million on the buyback of treasury shares in 2013.
The Executive Board of InVision AG has increased its full-year forecasts and now expects an EBIT of at least EUR 1.7 million for 2013. For 2014, the Company expects a continuously growing EBIT on a quarterly basis with a constant cost base, due to the anticipated upper two-digit or lower three-digit growth rate of Cloud revenues.
The complete financial report for the first nine months of 2013 is available now for download from the Company’s website at: http://www.ivx.com/investors/.