InVision AG

Earnings Release • Aug 29, 2008

News Details

Ad-hoc | 29 August 2008 17:51

InVision Software AG: Sales and Earnings Forecast for Fiscal Year 2008 Revised Downward – Preliminary Half-year Results Confirmed

InVision Software AG / Profit Warning/Development of Sales

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Ratingen (Germany), 29th August 2008 – InVision Software AG (ISIN:
DE0005859698), one of the leading international providers of solutions for
enterprise-wide workforce management, is now forecasting a growth in sales
that is lower than had been projected yet. For fiscal year 2008, the
Executive Board is currently forecasting sales from approximately EUR 17
million to EUR 18.5 million and a slight negative to slight positive
after-tax result. Until now, the Company had expected sales ranging from
approximately EUR 21.5 million to EUR 23 million.

The forecast has been revised downward because of lower licence revenue
expectations which may be attributed to the longer decision-making
procedures among customers during weaker periods in the economic cycle. A
number of orders are thereby being deferred until 2009.

As was noted in the publication of the preliminary half-year results for
2008, InVision continues to expect, as in previous years, strong licence
revenue growth in the second half of the year. Accordingly, InVision is
anticipating licence revenues of at least EUR 7 million for fiscal year
2008, which corresponds to a decline of approx. 26 percent compared to
fiscal year 2007 (EUR 9.5 million). The forecast for maintenance and
service revenues remains unchanged: maintenance revenues should increase
approximately 25 percent to approximately TEUR 4,000 (2007: TEUR 3,116),
while service revenues should rise by approximately 85 percent to
approximately TEUR 6,000 (2007: TEUR 3,257).

The preliminary results for the first half-year, which were published on
14th August 2008, have been confirmed. According to the final figures for
the first six months of the current fiscal year, revenues totalled EUR 5.0
million. EBIT equalled EUR -3.5 million and was weighted down primarily by
the heavy costs of the planned additional staffing. In the same period of
the previous year, EBIT was EUR -1.0 million.

The complete financial report for the first half-year of 2008 can be
downloaded from the Investor Relations section under www.invisionwfm.com
beginning on 29th August 2008.

Jutta Kropp
Head of Corporate Communications
InVision Software AG
Halskestrasse 38
40880 Ratingen
Tel.: +49 (0)2102 728-444
Fax: +49 (0)2102 728-111
E-Mail: ir@invision.de

29.08.2008 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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