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MeVis Medical Solutions AG: MeVis publishes figures for the first half of fiscal 2018/2019

DGAP-News: MeVis Medical Solutions AG / Key word(s): Half Year Results

23.05.2019 / 16:00
The issuer is solely responsible for the content of this announcement.

Stable revenues and costs

  • Revenues at EUR 4.0 million approximately 2 % above previous year's level
  • EBIT of EUR 3.6 million in the first half year (compared to EUR 3.1 million in the previous year)
  • EBIT margin stable at 44 % (previous year 38 %)
  • Profit after tax of EUR 4.4 million (compared to EUR 2.4 million in the previous year)

Bremen, May 23, 2019 - MeVis Medical Solutions AG [ISIN: DE000A0LBFE4], a leading provider of medical imaging software, announces the results for the second quarter and first half of fiscal year 2018/2019 (reporting period October 1, 2018 to March 31, 2019).

Revenues in the second quarter of fiscal year 2018/2019 amounted to EUR 4,033 k, about 2 % above the previous year's level (EUR 3,950 k). License business declined by 23 % in the second quarter to EUR 1,104k (prev. year: EUR 1,438 k), and the maintenance business remained relatively constant at EUR 1,721 k (prev. year: EUR 1,712 k). The service business increased from EUR 799 k in the previous year's period to EUR 1,208 k. Revenues in the first half-year thus amounted to EUR 8,244 k (prev. year: EUR 8,233 k) and were allocated to the segments Digital Mammography with EUR 4,622 k (prev. year: EUR 5,710 k), Development Services with EUR 1,991 k (prev. year: EUR 767 k) and Other Operating Activities with EUR 1,631 k (prev. year: EUR 1,756 k). With a share of 56 % (prev. year: 69 %), the Digital Mammography segment continued to be the main source of revenues.

EBIT (Earnings before financial result and taxes) amounted to EUR 3,647 k in the reporting period (prev. year: EUR 3,136 k). At 44 %, the EBIT margin improved compared with a previous year's value of 38 %.

The financial result improved significantly in the reporting period to EUR 711 k (prev. year: EUR -768 k). The change compared with the previous year is due to the development of the balance of income and expenses from exchange rate differences of EUR 820 k (prev. year: EUR -1,280 k) and the deterioration in the result of the 51 % share in MeVis BreastCare GmbH & Co. KG of EUR -184 k (prev. year: EUR 444 k), which is recognized at equity.

Net profit after taxes therefore amounted to EUR 4,358 k (prev. year: EUR 2,366 k), corresponding with undiluted earnings per share of EUR 2.39 (prev. year: EUR 1.30).

The interim report for the third quarter of fiscal year 2018/2019 will be published on August 29, 2019.

Kirchhoff, Marcus / CEO

23.05.2019 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: MeVis Medical Solutions AG
Caroline-Herschel-Str. 1
28359 Bremen
Phone: +49 421 224 95 0
Fax: +49 421 224 95 999
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 815311

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Last Updated: 23-May-2019