Corporate News: 15.05.2018 MeVis publishes figures for the second quarter of fiscal year 2017/2018
Decline in sales in the second quarter as expected
Bremen, May 15, 2018 - MeVis Medical Solutions AG [ISIN: DE000A0LBFE4], a leading provider of medical imaging software, announces the results for the first half of fiscal year 2017/2018 (reporting period October 1, 2017 to March 31, 2018).
Sales in the second quarter of fiscal year 2017/2018 came to € 3,950 k, about 6 % below previous year (€ 4,219 k). Licensing business declined by 10 % in the second quarter to € 1,438 k and maintenance business fell by 5 % to € 1,712 k. The service business slightly decreased from € 825 k in the previous year period to € 799 k. Revenues thus amounted to € 8,233 k in the first half of the year (prev. year: € 9,756 k), of which € 5,710 k was attributable to the Digital Mammography segment (prev. year: € 5,971 k) and € 2,523 k to Other Diagnostics (prev. year: € 3,785 k). In the previous year, the revenues in the Other Diagnostics segment also included the one-off revenues of € 1,800 k from the sale of MeVisLab usage rights. At 69 % (prev. year: 75 %, without one-off revenue from sale of usage rights), the Digital Mammography segment continues to be the main source of revenues at the Company.
Thus, the EBIT (earnings before financial result and taxes) of € 1,182 k was generated in the second quarter and € 3,136 k in the first half of the year, compared to € 735 k in the second quarter and € 3,610 k in the first half of the previous year. The EBIT margin increased slightly to 38 % compared to a previous year value of 37 %.
The financial result declined significantly in the period under review to € -768 k (prev. year: € 1,095 k). In comparison to the previous year, there were significant changes in the balance of income and expenses from exchange rate differences of € -1,280 k (prev. year: € 1,180 k), as well as in the earnings of the 51 % share in MeVis BreastCare GmbH & Co. KG of € 444 k (prev. year: € -135 k), which is recognized at equity.
Earnings after taxes amounted to € 2,366 k (prev. year: € 3,555 k), which corresponds to undiluted earnings per share of € 1.30 (prev. year: € 1.95).
The interim report for the third quarter of fiscal year 2017/2018 will be published on August 21, 2018.