InVision AG

Earnings Release • Nov 7, 2008

News Details

Ad-hoc | 7 November 2008 17:24

InVision Software AG: Preliminary Figures For The First Nine Months

InVision Software AG / Preliminary Results/Quarter Results

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), 7th November, 2008 – InVision Software AG (ISIN:
DE0005859698), a leading international provider of enterprise-wide
workforce management solutions, reported a decline in revenues in the third
quarter of 2008. According to the preliminary figures, 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 is projected to be 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.

According to the preliminary numbers, revenues of EUR 8.7 million were
reported during the first nine months of 2008. 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 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 behavior 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 has launched a programme to reduce costs in an
effort to improve the cost-to-income ratio in 2009.

InVision believes that it remains very well positioned on the market and is
convinced that its business model and products will enjoy success for a
long time into the future. The Company operates from a position of economic
strength, having liquid funds of EUR 13 million and an equity ratio of more
than 79 percent.

The complete financial report for the first nine months of 2008 will be
available for download beginning 28th November, 2008, from the Investor
Relations section at www.invisionwfm.com.

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

07.11.2008 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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