Ad-hoc | 31 March 2009 23:33
InVision Software AG / Final Results/Forecast
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InVision Software AG Publishes its Final Figures for 2008
- Revenues decrease by 25 percent to EUR 11.9 million
- EBIT: EUR -8.9 million; group result: EUR -7.8 million
- Outlook: Revenues of EUR 17.5 Mio million and EBIT of EUR -2.2 million in
2009, positive result in 2010
Ratingen (Germany), March 31th, 2009 - According to its final 2008 figures,
InVision Software AG (ISIN: DE0005859698), one of the leading international
providers of enterprise-wide workforce management solutions, has achieved
group revenues of EUR 11.9 million, representing a 25 decrease compared
with the revenues of the previous year of EUR 15.9 million. In total, the
Company closed 2008 with a loss before taxes and interest (EBIT) of EUR
-8.9 million and a consolidated Group loss of EUR -7.8 million. In 2007,
net profit totaled EUR 2.6 million.
The main reason for this decline was the widescale absence of the
traditionally strong licence business at the end of the year. Due to the
overall economic development, InVision Software encountered an obvious
caution in the investment behaviour of many of its customers during the
second half of the year 2008. Income generated from licences fell by 65
percent from EUR 9.5 million in the previous year to EUR 3.4 million in
2008. However, revenues from maintenance increased by 24 percent to EUR 3.9
million (2007: EUR 4.7 million) and revenues from services increased by 44
percent to EUR 4.7 million (2007: EUR 3.3 million).
Accordingly, the earnings per share equalled EUR -3.51 compared to EUR 1.17
in 2007, in each case based on 2,235,000 shares issued. At the end of its
fiscal year 2008, InVision held liquid funds and securities totalling EUR
12.2 million (2007: EUR 16.7 million) and enjoyed an equity capital ratio
of 73 percent (2007: 86 percent).
Even though, based on the current variability among global economic
forecasts, any outlook for business development will be saddled with a high
degree of uncertainty, InVision does plan to increase its revenues by 47
percent to approximately EUR 17.5 million in 2009 under the assumption that
the economic conditions described in the Forecast Report of the 2008 Annual
Report will prevail in 2009. According to the Group's budget forecast, the
EBIT margin in 2009 should be -13 percent (2007: -74 percent), thereby
yielding an EBIT of EUR -2.2 million. In 2010, another increase in revenues
should lead again to a profit.
The complete 2008 Annual Report of InVision Software AG will be available
for download at the Investor Relations section of www.invisionwfm.com on
March 31th, 2009.
Contact:
Jutta Handlanger,
Head of Corporate Communications,
InVision Software AG,
Halskestrasse 38,
40880 Ratingen (Germany),
phone: +49 (0)2102 728-444,
fax: +49 (0)2102 728-111,
email: ir@invision.de
31.03.2009 Financial News transmitted by DGAP
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Language: English
Issuer: InVision Software AG
Halskestraße 38
40880 Ratingen
Deutschland
Phone: +49 (0)2102 / 728-0
Fax: +49 (0)2102 / 728-111
E-mail: info@invision.de
Internet: www.invision.de
ISIN: DE0005859698
WKN: 585969
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Düsseldorf, München, Stuttgart
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