Brief: InVision Sees Negative EBIT In 2021 And 2022 Due To Investments

InVision AG

25/03/2021 07:05

March 25 (Reuters) - INVISION AG  IVXG.DE :
    * PROVIDES 2020 CONSOLIDATED FINANCIAL STATEMENT AND
GUIDANCE FOR
THE UPCOMING FIVE YEARS
    * FY EBIT ROSE 16 PERCENT TO 1.135 MILLION EUR
    * FY REVENUE 12.75 MILLION EUR VERSUS 12.62 MILLION EUR YEAR
AGO
    * FY EPS 0.17 EUR VERSUS 1.34 EUR YEAR AGO
    * FY GROUP'S EBIT (EARNINGS BEFORE INTEREST AND TAXES)
INCREASED
BY 16 PERCENT TO EUR 1.135 MILLION (2019: EUR 0.981 MILLION)
    * FY TOTAL REVENUES OF EUR 12.752 MILLION (2019: EUR 12.618
MILLION)
    * FY CONSOLIDATED RESULT DECREASED FROM EUR 2.945 MILLION IN
PREVIOUS YEAR TO EUR 0.288 MILLION IN 2020, WHICH CORRESPONDS TO
A DECLINE OF 90%
    * IN 2025, INVISION EXPECTS ANNUAL REVENUES OF MORE THAN EUR
50
MILLION AND AN EBIT MARGIN OF MORE THAN 25 PERCENT
    * EXPECTS THAT INVESTMENTS WILL TEMPORARILY RESULT IN A
NEGATIVE
EBIT, BOTH IN 2021 AND 2022, OF UP TO MINUS EUR 6 MILLION IN
TOTAL
    * EXPECTS SUSTAINABLE AVERAGE GROWTH RATES OF AT LEAST 30
PERCENT
PER YEAR FROM 2022 TO 2025

Source text for Eikon:  ID:nEQ8h89ppa 
Further company coverage:  IVXG.DE 

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