DGAP-News: InVision Software AG / Key word(s): Final Results/Final
Results
InVision Software AG: Results for the Financial Year 2011 Confirm
Preliminary Figures
30.03.2012 / 10:17
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- Business development impacted by the transformation of the business
model
- R&D expenses remain on a high level
Ratingen (Germany), 30th March 2012 - InVision Software AG (ISIN:
DE0005859698) has confirmed the preliminary figures reported for the
financial year 2011. Revenues are at EUR 12.4 million, compared to EUR 16
million reported for 2010. This corresponds to a decrease of 23 percent.
Revenues from software and subscriptions fell by 26 percent to EUR 8.9
million (2010: EUR 12 million) and service revenues were reduced by 10
percent to EUR 3.6 million (2010: EUR 4 million). As of the end of the
fiscal year, earnings before interest and taxes (EBIT) equalled EUR -3.9
million, compared to EUR +1.1 million reported for last year. As of 31st
December, liquid funds decreased to EUR 1.7 million (31st December 2010:
EUR 5.7) specifically due to the repurchase of the Company's own
outstanding shares and the acquisition of 'The Call Center School'. As of
1st January 2012, the annual cost basis excluding amortisation and
depreciation is EUR 12.9 million, corresponding to a decrease of 18 percent
(2011: EUR 15.7 million). The expenses for research and development remain
on the same high level of the previous year and amounted to EUR 5.3 million
in 2011.
At the moment, InVision is radically transforming its business model. In
target markets across Europe and North America, the InVision Group is
gradually replacing its licence revenues and project services with
subscriptions to cloud computing services. This temporarily leads to lower
revenues, but the Company will achieve a significantly greater scalability
of the business model in the medium and long term.
The year 2012 will also be defined by the business model transformation.
The focus will be on execution and optimisation, and the initiatives and
projects already launched will be transferred into regular operations. The
Executive Board is confident that all significant measures will be
completed during the second half of 2012.
The complete 2011 Annual Report is available now for download from the
Company's website at:
http://www.invisionwfm.com/uk/global_pages/investor_relations/financial_re
ports.
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
HalskestraÃe 38
D-40880 Ratingen, Germany
phone: +49 (0)2102 728-444
eMail: ir@invision.de
End of Corporate News
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Language: English
Company: InVision Software AG
HalskestraÃe 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
End of News DGAP News-Service
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163216 30.03.2012
DGAP-News: InVision Software AG: Results for the Financial Year 2011 Confirm Preliminary Figures
| Source: EQS Group AG