Corporate | 13 February 2012 09:33

InVision Software AG: Preliminary Results for the Financial Year 2011

InVision Software AG / Key word(s): Preliminary Results/Final Results

13.02.2012 / 09:33

InVision Software AG: Preliminary Results for the Financial Year 2011

Ratingen (Germany), 13 ^th February 2012 – According to preliminary results, InVision Software AG (ISIN: DE0005859698) will close the 2011 financial year with total revenues of approximately EUR 12.4 million. This corresponds to a decrease of approximately 23 percent (total revenues 2010: EUR 16 million). Earnings before interest and taxes (EBIT) equalled approximately EUR -3.9 million, compared to EUR 1.1 million reported for 2010.

Revenues and income for 2011 are impacted by the transformation of the business model to cloud computing, which was initiated in the second quarter of 2011. With the transition to cloud computing, InVision generates monthly payments for the use of its solution instead of one-time license revenues based on orders. This temporarily leads to lower revenues, but in the medium and long term the company will achieve a significantly greater scalability of the business model.

The Executive Board of InVision Software AG is very pleased with the transformation so far, which is to be concluded in the third quarter of 2012 as planned.

The complete financial report for the financial year 2011 will be available for download from the Company's website at http://www.invisionwfm.com/uk/global_pages/investor_relations/financial_reports from 31 ^st March 2012.

About InVision Software
InVision Software is a leading international provider of cloud-based workforce management solutions which enable companies to optimise their staff planning and scheduling processes. InVision empowers customers to reduce personnel costs, increase productivity, improve employee satisfaction and to boost revenue by leveraging better customer service. Founded in 1995 and based in Ratingen (Germany), InVision currently employs about 170 WFM specialists and has offices across Europe, North America, and South Africa. InVision Software AG (IVX) is listed in the Prime Standard Segment of the Frankfurt Stock Exchange.
Further information: www.invisionwfm.com

Contact:
InVision Software AG
Investor Relations
Jutta Handlanger, Head of Corporate Communications
Halskestraße 38
D-40880 Ratingen, Germany
phone: +49 (0)2102 728-444
eMail: ir@invision.de

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Language:	English
Company:	InVision Software AG
	Halskestraße 38
	40880 Ratingen
	Germany
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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