InVision Achieves Highest Revenues for the First 9 Months of the Year in the History of the Company
- 51 percent revenues growth in the third quarter, 17 percent in the entire year
- Net result up EUR 0.8 million
- Full year guidance confirmed
InVision Software AG (ISIN: DE0005859698), a leading international provider of enterprise-wide workforce management solutions, achieved the highest revenues for the first nine months of 2010 in the history of the company and confirms its preliminary figures for the first three quarters of 2010. Group revenues went up 17 percent to EUR 10.7 million. Growth dynamics increased considerably during the course of the year. In the third quarter of 2010, revenues were up 51 percent year on year. The operating result (EBIT) amounted to EUR -0.2 million after the first nine months. In the third and second quarter of 2010 however, the company generated positive EBIT of around EUR 0.5 million respectively. Liquid funds increased from EUR 4.5 million at the end of 2009 to EUR 6.2 million as of 30 September 2010. Net profit in the first nine months of 2010 was EUR 0.8 million compared to a loss of EUR 3.1 million in the previous year’s period. Earnings per share came to EUR 0.37 (previous year: EUR -1.39).
Total revenues increased in all business areas. Licence revenues rose by 19 percent, maintenance revenues 12 percent and service revenues 23 percent. In the first nine months of 2010, the highest rise in demand was recorded in Germany, Austria and Switzerland, where revenues were 41 percent up on the previous year. Foreign business development also became increasingly dynamic during the course of the year and order backlog on 30 September 2010, was significantly up year on year.
InVision Software AG is confirming its 2010 guidance and continues to expect group revenues to rise by 25 percent to EUR 15 million. The company also anticipates EBIT of EUR 1.0 million.
The complete Financial Report Q3-2010 is available now for download on this website, in the section ‘Financial Reports’.