InVision Achieves Positive EBIT for the First Half Year of 2012, According to Preliminary Results
- EBIT of approximately EUR +0.2 million, revenues of approximately EUR 6.8 million
- Liquid funds increased by approximately 80 percent to approximately EUR 3 million
According to preliminary results, InVision Software AG (ISIN: DE0005859698) achieved revenues of approximately EUR 6.8 million in the first half year of the financial year 2012. This is slightly above the revenues for the first half year of 2011 which were at EUR 6.7 million. Revenues from software and subscriptions increased by approximately 17 percent to approximately EUR 5.5 million (H1 2011: EUR 4.7 million), whereas services revenues decreased by approximately 34 percent to approximately EUR 1.3 million (H1 2011: EUR 2 million). At the end of the first half year of 2012, earnings before interest and taxes (EBIT) equalled approximately EUR +0.2 million, compared to EUR -0.8 million reported for the same period last year. As of 30th June 2012, liquid funds increased by approximately 80 percent to approximately EUR 3 million (31st December 2011: EUR 1.7 million).
The 2012 preliminary results for the first half of this year revealed that the company is ahead of schedule in transforming its business model to cloud computing. Within this radical transition phase, one-off licence revenues and project services are gradually being replaced by subscriptions to cloud computing services. Currently, the focus is on execution and optimisation, and the initiatives and projects already launched will be subsequently transferred into regular operations. The InVision Software AG Executive Board is confident that all significant measures will be completed during the second half of 2012, and that the positive financial development achieved in the first six months will continue into the second half of this year.
From 13th August 2012, the complete financial report for the first half year of 2012 will be available for download on this website, in the section ‘Financial Reports’.