InVision Confirms Preliminary Figures 3M 2009 and Publishes Interim Financial Report
InVision Software AG (ISIN: DE0005859698), one of the leading international provider of solutions for enterprise-wide workforce management, confirms the preliminary results for the first quarter 2009 which were published on May 18th, 2009. According to the final figures for the first three months 2009, revenues increased by 27 percent up to EUR 2.94 million from EUR 2.32 million reported in the same quarter in the previous year. The EBIT equalled EUR -1.66 million, compared to EUR -1.74 million in the first quarter 2008. In the first quarter of 2009, net Group results totalled EUR -940,000 compared to EUR -992,000 in the same period last year. Earnings per share went slightly up from EUR -0.42 in the first quarter of 2008 to EUR -0.44.
In particular, licence revenues increased by 209 percent up to EUR 1.04 million in the first quarter 2009. In the same period last year, the Company generated EUR 337,000 with licence sales. This increase is attributable to the positive effects of the intensification of sales efforts during the fiscal year 2008 as well as to the postponement of several contract completions from the fourth quarter 2008. As a consequence of lower licence revenues during the fourth quarter 2008, services revenues declined by 18 percent down to EUR 889,000 (first quarter 2008: EUR 1.08 million). Maintenance revenues climbed up to EUR 1 million from EUR 899,000 earned during the same period of the previous year. This represents an increase of 12 percent.
Revenues in the “Germany, Austria and Switzerland” region increased by 9 percent from EUR 1.09 million in the first three months 2008 to EUR 1.19 million. Revenues generated in other foreign countries totalled EUR 1.76 million (previous year: EUR 1.23 million), thereby representing an increase of 43 percent.
InVision Software AG again confirmed its outlook for the current fiscal year, ending December 31st, 2009. Even though the overall economic development is still very difficult to predict, the Company’s plans remain unchanged and InVision expects a significant increase in revenues as well as an EBIT of app. EUR -2.2 million for the fiscal year 2009.
The complete financial report for the first three months of 2009 is available now for download on this website, in the section ‘Financial Reports’.