2014 Annual Report: Earnings per Share Increase by 173%, Board To Propose 1 Euro Dividend per Share
Today, InVision AG (ISIN: DE0005859698) released its 2014 Annual Report and confirmed the preliminary results for the preceding financial year, which were previously published on 24th February 2015. In 2014, the Company achieved an EBIT (Earnings Before Interest and Taxes) of EUR 4.124 million, thereby improving its operating result by 135 percent (2013: EUR 1.754 million). The EBIT margin increased to 31 percent (2013: 13 percent). The consolidated group result improved by 171 percent to EUR 4.203 million (2013: EUR 1.552 million), whereas earnings per share increased by 173 percent to EUR 1.94 (2013: EUR 0.71).
Total revenues were at EUR 13.409 million and remained on almost the same level of the previous year (2013: EUR 13.557 million). Thereof the recurring revenues from subscriptions increased by 25 percent to EUR 9.467 million (2013: EUR 7.596 million), whereas project revenues continued to decline, recording a decrease of 34 percent to EUR 3.942 million (2013: EUR 5.961 million).
The operating cash flow increased by 2 percent to EUR 3.089 million (2014: EUR 3.026 million). As of 31st December 2014, liquid funds and securities decreased by 4 percent to EUR 4.388 million (31st December 2013: EUR 4.576 million) due to increased payments made for investing activities and a payment to shareholders.
In the preceding financial year, InVision increased its expenses for research and development by 11 percent to EUR 4.970 million (2013: 4.490 million), which corresponds to 37 percent of total revenues (2013: 33 percent). This puts the Company well above average of Germany’s ITC companies that are investing almost 10 percent of their revenues in research and development (Source: 2014 KfW Business Survey, BITKOM).
At the Annual Shareholders’ Meeting, which takes place on 18th May 2015 in Düsseldorf, the Management Board and Supervisory Board will propose to pay an amount of EUR 1.00 per dividend-bearing share from the distributable profit of InVision AG for the very first time and to carry forward the remaining amount to new account.
For the financial year of 2015, the Company expects a continued increase in subscription revenues, a continued decrease in project revenues and an EBIT margin of between 20 and 30 percent.
The complete 2014 Annual Report is available now at: https://www.ivx.com/investors/financial-reports/.