InVision AG

Earnings Release • May 30, 2008

News Details

Ad-hoc | 30 May 2008 15:49

InVision Software AG in the First Quarter 2008: Revenues of 2.3 Million Euro in Line with Expectations – Forecast for Fiscal Year 2008 Confirmed

InVision Software AG / Quarter Results/Quarter Results

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Ratingen (Germany), May 30th, 2008 – InVision Software AG (ISIN:
DE0005859698), one of the leading international providers of solutions for
enterprise-wide workforce management solutions, has achieved Group revenues
of 2.3 million Euro in the first three months of the current fiscal year
2008. Compared to the first quarter of fiscal year 2007, this represents a
reduction of 12 percent (previous year: 2.6 million Euro) resulting from
the decrease in licence revenues to TEUR 337 (previous year: TEUR 970). In
the first three months, licence revenues consisted primarily of revenues
generated with existing customers, with new small and mid-sized customers.
Contrary to the first quarter of the previous year, no sales were reported
from larger projects.

Maintenance revenues increased by 22 percent to TEUR 899 (previous year:
TEUR 735) which is a direct consequence of a higher maintenance base
resulting from licence revenue with both new and existing customers in the
previous year and of a high and stable level of customer loyalty. Based on
the expansion of service capacities compared to the first quarter 2007
service revenues increased by 15 percent to 1.1 million Euro (previous
year: TEUR 940).

During the first quarter 2008, the operating result (EBIT) was -1.7 million
Euro (previous year: TEUR -289) and the Group result was TEUR -992
(previous year: TEUR -122). The earnings per share came accordingly to
-0.44 Euro (previous year: -0.05 Euro). As of March 31, 2008, the Group’s
equity capital was 23 million Euro (as of December 31, 2007: 24.1 million
Euro), with an equity capital ratio of 82 percent (as of December 31, 2007:
86 percent).

Due to the positive sales pipeline, InVision confirms its forecast for the
current year that has already been published within the Annual Report 2007
and predicts continued profitable growth for fiscal year 2008. Revenues are
projected to increase approximately 35 to 45 percent to between 21.5 and 23
million Euro. The EBIT is expected to climb to between 4.3 and 4.7 million
Euro which would represent a significant increase of approximately 40 to 50
percent (2007: 3.1 million Euro).

The complete report for the first quarter of fiscal year 2008 of InVision
Software AG will be available for download at the Investor Relations
section of www.invisionwfm.com on May 30th, 2008.

About InVision:
InVision Software is a world-leading 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 190 WFM
specialists and has offices across Europe, North America, and South Africa.
Since June 18th, 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 at: www.invisionwfm.com

Contact:
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
email: ir@invision.de

30.05.2008 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

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