Preliminary Nine-Months Results: EBIT Increases by 175%, EBIT Margin at Record Levels
According to preliminary figures for the first nine months of 2014, InVision AG (ISIN: DE0005859698) increased its EBIT (Earnings Before Interest and Taxes) by 175% to EUR 2.9 million (9M 2013: EUR 1.1 million). The EBIT margin was 31% (9M 2013: 11%).
Subscription revenues rose by 24% to EUR 6.9 million (9M 2013: EUR 5.6 million). The main driver for this was an increase in sales of almost 100% with the cloud products “injixo” (cloud workforce management) and “The Call Center School” (cloud learning) that were introduced in recent years. Revenue from the project business (licences + services) was reduced on schedule by 41% to EUR 2.6 million (2013 9M: EUR 4.4 million). Total revenues fell by 5% to EUR 9.5 million (9M 2013: EUR 10 million).
As of 30th September 2014, the Company’s liquid funds increased by 90% to EUR 8.7 million (31st December 2013: EUR 4.6 million).
For the financial year of 2014, the Company still expects an EBIT growth by at least 125% to more than EUR 4 million, with sales of about EUR 12.8 million.
The complete financial report for the first nine months of 2014 will be available for download from 10th November 2014 on this website at http://www.ivx.com/investors/.