InVision : Provides 2020 Consolidated Financial Statement And Guidance For The Upcoming Five Years
March 25, 2021 at 03:03 am EDT
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DGAP-News: InVision AG
/ Key word(s): Annual Report/Annual Results
InVision AG Provides 2020 Consolidated Financial Statement And Guidance For The Upcoming Five Years
25.03.2021 / 08:00
The issuer is solely responsible for the content of this announcement.
P R E S S R E L E A S E
InVision AG Provides 2020 Consolidated Financial Statement And Guidance For The Upcoming Five Years
Düsseldorf (Germany), 25 March 2021 - Today, InVision AG (ISIN: DE0005859698) submitted its 2020 Consolidated Financial Statement and confirmed the preliminary results for the past fiscal year, which were previously published on 18 February 2021. In 2020, the InVision Group generated total revenues of EUR 12.752 million (2019: EUR 12.618 million), which corresponds to a 1 percent increase in revenues. The Group's EBIT (Earnings Before Interest and Taxes) increased by 16 percent to EUR 1.135 million (2019: EUR 0.981 million), resulting in an EBIT margin of 9 percent (2019: 8 percent).
The operating cash flow decreased by 36 percent to EUR 0.952 million (2019: EUR 1.491 million), whereas cash and cash equivalents went up to EUR 7.791 million (31 December 2019: EUR 2.616 million) at the end of 2020, mainly due to the drawdown of a bank loan.
Equity capital rose by 2 percent to EUR 13.413 million (2019: EUR 13.125 million). As of 31 December 2020, the balance sheet total increased by 23 percent to EUR 22.398 million (31 December 2019: EUR 18.214 million). As a result, the equity ratio equaled 60 percent (31 December 2019: 72 percent) at the end of the past financial year.
The consolidated result decreased from EUR 2.945 million in the previous year to EUR 0.288 million in 2020, which corresponds to a decline of 90 percent. Accordingly, earnings per share also went down from EUR 1.34 in 2019 to EUR 0.17 in the past fiscal year.
The Company plans to invest significantly in the expansion of its business activities over the next five years. A key part of the investment program is the recruitment of up to 400 additional employees in all business areas. For 2021, the focus will be on the massive expansion of capacities in customer service and related areas. InVision expects that the investments will temporarily result in a negative EBIT, both in 2021 and 2022, of up to minus EUR 6 million in total. As a result, the Company expects sustainable average growth rates of at least 30 percent per year from 2022 to 2025. In 2025, InVision expects annual revenues of more than EUR 50 million and an EBIT margin of more than 25 percent.
The complete 2020 Annual Report is now available on the Company's website at www.ivx.com/en/investors/financial-reports.
About InVision:
Since 1995, InVision has been helping its clients to increase their productivity and quality of work and reduce their costs. The InVision group incorporates the brands injixo, a cloud-based workforce management solution for contact centres, and The Call Center School, offering cloud-learning courses for contact centre professionals. InVision AG (IVX) is listed in the Prime Standard Segment of the Frankfurt Stock Exchange. Further information: www.ivx.com
25.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
InVision AG
Speditionstraße 5
40221 Düsseldorf
Germany
Phone:
+49 (0)211 / 781-781-66
Fax:
+49 (0)211 / 781-781-99
E-mail:
info@invision.de
Internet:
www.ivx.com
ISIN:
DE0005859698
WKN:
585969
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange
InVision AG is a Germany-based information technology (IT) company and software developer. It develops and markets products and services for workforce management, business output and working conditions. The Company is mainly active in Europe and the United States. Its product and service portfolio comprises injixo, The Call Center School and InVision WFM: injixo is a cloud-based workforce management suite for forecasting, scheduling, intraday management and reporting in call centers; The Call Center School offers an e-learning platform and training programs for contact centers, and InVision WFM is a software solution for workforce management that features forecasting, scheduling, monitoring and reporting tools.