InVision AG

Earnings Release • Nov 12, 2007

News Details

Corporate | 12 November 2007 06:54

InVision Software AG Publishes its Figures for the First Nine Months of 2007 – Group Revenues Almost Double, Operating Earnings Grow Considerably

InVision Software AG / Quarter Results/Development of Sales

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

InVision Software AG Publishes its Figures for the First Nine Months of
2007

• Group Revenues Almost Double
• Operating Earnings Grow Considerably
• Outlook for 2007 Confirmed

Ratingen (Germany) – 12 November 2007 – InVision Software AG (ISIN:
DE0005859698), one of the leading international providers of
enterprise-wide workforce management solutions, increased its revenues in
the first nine months of 2007 to EUR 10.5 million, which represents a 96
percent increase over its revenues for the same period of the previous
year. Above all, a major order procured from the public sector in Great
Britain during the third quarter contributed significantly to the revenue
increase. The principal sources of revenue in the first nine months was
licence sales, which totalled EUR 5.8 million and were 133 percent higher
than the revenues from license sales generated during the same period of
the previous year.

The development of revenues in the regions illustrates the success of the
Group's internationalisation strategy. Although revenues in Germany,
Austria and Switzerland (EUR 3.3 million) remained constant during the
first three quarters compared to the same period of the previous year, the
revenues generated by the other foreign locations rose by 248 percent to
EUR 7.2 million, which represents 69 percent of total revenue. Revenues
from those other foreign locations were only 39 percent of total revenue in
the first nine months of 2006.

The Group’s favourable performance is also clearly evident from its
operating result (EBIT). The EBIT for the first nine months of 2007 was EUR
1.3 million, which corresponds to a 12.5 percent margin. During the same
period of the previous year, the Group still faced an operating loss of
approximately EUR 0.9 million. The Group results improved from EUR -0.4
million to EUR 1.7 million, and the earnings per share after nine months
was EUR 0.75 compared to EUR -0.18 at the end of the same period of the
previous year.

Peter Bollenbeck, CEO of InVision Software AG, explained: 'The solid
business performance in the first nine months of 2007 was primarily the
result of our stronger sales and service capacities. Having now
successfully completed several pilot projects, we expect substantial
licence revenues for the current quarter as well and are adhering to our
forecast of significant revenue growth and disproportionately higher
earnings increases for the entire 2007 year.'

The key event impacting the Company's financial condition and net assets as
of 30 September 2007 was the capital increase made in connection with the
Company’s initial public offering in June of this year. The balance sheet
total grew from EUR 5.7 million at the end of 2006 to EUR 27.7 million at
the end of the third quarter of 2007. The equity capital ratio increased
during the same period from 4 percent to 82 percent. Cash and cash
equivalents equal EUR 17.4 million. Operating cash flow was EUR -2.8
million, which may be attributed above all to the increase in trade
receivables from newly executed orders as well as a proportionate repayment
of liabilities. The number of employees rose from 119 at the end of 2006 to
155 as of 30 September 2007.

The detailed report regarding business developments during the first nine
months of 2007 will be published, as announced, on 14 November 2007.

About InVision:
InVision Software AG is an international supplier of enterprise-wide
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
more than 150 WFM specialists and has offices across Europe, North America
and South Africa. Since 18 June 2007, Invision Software AG (IVX) has been
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 Kropp
Head of Corporate Communications
InVision Software AG
Halskestrasse 38
D-40880 Ratingen (Germany)
phone: +49 (0)2102 728-444
fax: +49 (0)2102 728-111
e-mail: ir@invision.de

12.11.2007 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

---