- Revenues at € 4.0 million approximately 2 % above previous year's level
- EBIT of € 3.6 million in the first half year (compared to € 3.1 million in the previous year)
- EBIT margin stable at 44 % (previous year 38 %)
- Profit after tax of € 4.4 million (compared to € 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 € 4,033 k, about 2 % above the previous year's level (€ 3,950 k). License business declined by 23 % in the second quarter to € 1,104k (prev. year: € 1,438 k), and the maintenance business remained relatively constant at € 1,721 k (prev. year: € 1,712 k). The service business increased from € 799 k in the previous year's period to € 1,208 k. Revenues in the first half-year thus amounted to € 8,244 k (prev. year: € 8,233 k) and were allocated to the segments Digital Mammography with € 4,622 k (prev. year: € 5,710 k), Development Services with € 1,991 k (prev. year: € 767 k) and Other Operating Activities with € 1,631 k (prev. year: € 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 € 3,647 k in the reporting period (prev. year: € 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 € 711 k (prev. year: € -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 € 820 k (prev. year: € -1,280 k) and the deterioration in the result of the 51 % share in MeVis BreastCare GmbH & Co. KG of € -184 k (prev. year: € 444 k), which is recognized at equity.
Net profit after taxes therefore amounted to € 4,358 k (prev. year: € 2,366 k), corresponding with undiluted earnings per share of € 2.39 (prev. year: € 1.30).
The interim report for the third quarter of fiscal year 2018/2019 will be published on August 29, 2019.