InVision Publishes Preliminary Figures for the First Nine Months 2009 and Confirms Upward Trend
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According to preliminary figures, InVision Software AG (ISIN: DE0005859698), a leading international provider of enterprise-wide workforce management solutions, has increased revenues by app. 6 percent in the first nine months 2009. Total revenues raised up to app. EUR 9.2 million compared to EUR 8.7 million reported in the same period in the previous year. Above all, the important licence business increased by app. 33 percent climbing up to app. EUR 3.5 million compared to EUR 2.6 million in the first nine months 2008. Based on the preliminary figures for the first nine months 2009, the EBIT is projected to be app. EUR -4.4 million which is in line with the Company’s expectations. During the same period of the previous year, the EBIT was EUR -6.0 million.
The Company ascribes the sustained increase of licence revenues to the positive effects of the intensification of sales efforts during the previous year. In addition, maintenance revenues raised up to app. EUR 3.3 million compared to EUR 2.5 million earned during the same period of the previous year. This represents an increase of app. 30 percent. In contrast, services revenues are still suffering from the consequences of low licence revenues achieved end of 2008: Services revenues are estimated to decline by app. 31 percent down to app. EUR 2.4 million (first nine months 2008: EUR 3.5 million). Due to the continuous clear growth of licence revenues since beginning of 2009, the Company expects increasing services revenues in the medium-term as well.
Based on these preliminary figures for the first nine months of 2009, InVision Software AG reconfirms its guidance for the fiscal year 2009, ending December 31st. InVision’s plans for 2009 remain unchanged and the Company expects a significant increase in revenues as well as an EBIT of app. EUR -2.2 million for the fiscal year 2009.
The complete interim financial report for the first nine months of 2009 will be available for download on this website, in the section ‘Financial Reports’, beginning November 30th, 2009,