InVision AG

Earnings Release • Nov 28, 2008

News Details

Corporate | 28 November 2008 09:01

InVision Software AG Reports Final Quarterly Results: Preliminary Figures For The First Nine Months Confirmed

InVision Software AG / Interim Report/Quarter Results

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Ratingen (Germany), 28th November, 2008 – InVision Software AG (ISIN:
DE0005859698), one of the leading international provider of solutions for
enterprise-wide workforce management, has confirmed the preliminary results
for the third quarter and the first nine months, which were published on
7th November 2008. According to the final figures for the third quarter
2008, revenues fell to EUR 3.6 million compared to EUR 5.7 million reported
in the same quarter in the previous year. Factoring in the EUR 1.2 million
write-down of receivables, EBIT equalled EUR -2.6 million, down from EUR
2.3 million earned during the same period of the previous year. In the
third quarter of 2008, net Group results totalled EUR -1.8 million compared
to EUR 1.4 million earned in the same period last year.

For the first nine months of 2008, the Company reports revenues of EUR 8.7
million. During the same period in 2007, revenues were EUR 10.5 million.
After net income was reported at EUR 1.3 million for the first three
quarters last year, EBIT is now EUR -6 million for the first three quarters
of 2008. The Group result after nine months in 2008 equalled EUR -3.8
million, whereas during the same period last year, the Group reported net
income of EUR 1.7 million.

Given that overall economic development is currently very difficult to
predict, InVision still does not feel that it is in a position to publish a
very reliable forecast for the entire year. Since the Company has
encountered an abrupt change in the investment behaviour of many of its
customers, the Executive Board can currently not rule out a decline in
revenue for the entire 2008 year and expects to report a net loss in the
current business year. The Executive Board carries out forcefully the
launched cost-reduction programme in an effort to improve the
cost-to-income ratio in 2009.

The complete financial report for the first nine months of 2008 can be
downloaded from the Investor Relations section at www.invisionwfm.com
beginning on 28th November 2008.

About InVision Software AG:
InVision Software AG is a world-leading supplier of enterprise-wide
workforce management (WFM) 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
more than 230 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. Among InVision's clients
are numerous international blue chip companies, such as ABN Amro, Allianz,
BMW, Deutsche Telekom, IKEA, Sky and Vodafone.
Further information: www.invisionwfm.com

Jutta Handlanger
Head of Corporate Communications
InVision Software AG
Halskestraße 38
D-40880 Ratingen
phone: +49 (0)2102 728-444
fax: +49 (0)2102 728-111
email: ir@invision.de

28.11.2008 Financial News transmitted by DGAP

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

End of News DGAP News-Service

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