InVision AG
InVision AG: Increase in Revenue in the First Quarter of 2017 – Cloud Products Remain on Growth Track
DGAP-News: InVision AG / Key word(s): Quarterly / Interim Statement/Quarter Results P R E S S R E L E A S E
InVision AG: Increase in Revenue in the First Quarter of 2017 – Cloud Products Remain on Growth Track Düsseldorf (Germany), 4th May 2017 – Today, InVision AG (ISIN: DE0005859698) released its financial results for the first three months of the 2017 fiscal year. In the first quarter of 2017, the Company’s total revenues increased by 11 percent to EUR 3.460 million (3M 2016: EUR 3.120 million). Revenues from injixo increased by 22 percent to EUR 0.788 million (3M 2016: EUR 0.646 million), and revenues from The Call Center School rose by 53 percent to EUR 0.220 million (3M 2016: 0.144 million). Revenues from InVision WFM subscriptions were at EUR 1.996, which is almost at the same level compared to the previous year (3M 2016: EUR 2.017 million). Due to a large license extension of an existing client, the project business recorded a short-term rise of 46 percent to EUR 0.456 million (3M 2016: EUR 0.313 million). In the first quarter of 2017, the Company achieved an EBIT (Earnings Before Interest and Taxes) of EUR 0.576 million. This corresponds to a decrease of 26 percent compared to the previous year (3M 2016: EUR 0.782 million). While simultaneously increasing revenues, the decrease in operating profit already reflects the initial impact of the announced expansion of sales and marketing activities. In the first quarter of 2017, personnel costs increased by 28 percent, and marketing expenses rose by 37 percent compared to the previous year. Thus, the EBIT margin was at 17 percent (3M 2016: 25 percent). The consolidated group result declined by 21 percent to EUR 0.524 million (3M 2016: EUR 0.663 million), whereas earnings per share decreased by 23 percent to EUR 0.23 (3M 2016: EUR 0.30). In the first three months of 2017, the operating cash flow decreased by 66 percent to EUR 1.459 million (3M 2016: EUR 4.233 million). The main reasons for this decrease are, on the one hand, the one-off payment of corporation taxes to a dividend payment from InVision Software OÜ, Tallinn, Estonia, to InVision AG within last year. On the other hand, the trade receivables significantly changed in the first three months of 2017 compared to the previous year, due to deviations in the timing of invoicing and the realisation of incoming payments. As of 31st March 2017, liquid funds rose by 28 percent to EUR 5.122 million (31st December 2016: EUR 4.009 million). The balance sheet total increased by 17 percent to EUR 18.463 million (3M 2016: EUR 15.823 million). Equity capital increased by 17 percent to EUR 11.221 million (3M 2016: EUR 10,697 million), and the equity ratio equaled 61 percent (3M 2016: 68 percent). For the 2017 fiscal year, the Executive Board still expects a slight increase in total revenues and an overall positive result. The Company’s Interim Statement for the first three months of the 2017 financial year is now available on the Company’s website at www.invision.de/investors. About InVision: Since 1995, InVision has been helping its clients to optimise their workforce management, increase their productivity and quality of work and reduce their costs. The InVision group incorporates the brands injixo, a cloud-based workforce management solution for contact centres, The Call Center School, offering cloud-learning courses for contact centre professionals, and InVision WFM, a software solution for workforce management. InVision AG (IVX) is listed in the Prime Standard Segment of the Frankfurt Stock Exchange. Further information: www.invision.deContact: InVision AG Investor Relations, Jutta Handlanger Speditionstraße 5, 40221 Düsseldorf (Germany), phone: +49 (0)211 781-781-66, email: ir@invision.de
04.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | InVision AG |
Speditionstraße 5 | |
40221 Düsseldorf | |
Germany | |
Phone: | +49 (0)211 / 781-781-66 |
Fax: | +49 (0)211 / 781-781-99 |
E-mail: | info@invision.de |
Internet: | www.invision.de |
ISIN: | DE0005859698 |
WKN: | 585969 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |