DGAP-News: MeVis Medical Solutions AG / Key word(s): Final Results
MeVis Medical Solutions AG: MeVis publishes final figures for fiscal
year 2014
23.04.2015 / 07:30
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Revenues increased by 2 %, EBIT declined by EUR 0.5 m
- Revenues increased by 2 % year on year to EUR 13.1 m
- Earnings before interest an taxes (EBIT) declined by EUR 0.5 m to EUR
3.9 m
- Net income unchanged at EUR 3.7 m
- Liquidity increased by EUR 4.1 m to EUR 17.5 m
Bremen, April 23, 2015 - MeVis Medical Solutions AG [ISIN: DE000A0LBFE4], a
leading provider of medical imaging software, today announced its final
figures for fiscal year 2014, which correspond to the preliminary figures
released on February 20, 2015.
The revenues generated in 2014 amounted to EUR 13.1 m, with 2 % slightly
above the previous year's revenues of EUR 12.8 m. At that, the revenues
from services rose significantly from EUR 0.3 m to EUR 0.7 m, licensing
business could be increased slightly from EUR 6.5 m to EUR 6.6 m, and
maintenance revenues decreased marginally from EUR 5.9 m to EUR 5.7 m.
The increase in sales is entirely attributable to the Digital Mammography
segment, where sales rose from EUR 9.4 million to EUR 9.8 million, while
sales in the Other Diagnostics segment fell slightly from EUR 3.4 million
to EUR 3.3 million.
Operating costs have increased as planned in 2014; staff costs increased by
EUR 0.3 m from EUR 6.7 m to EUR 7.0 m and other operating expenses by as
much as EUR 0.3 m from EUR 1.7 m to EUR 2.0 m.
Capitalized development expenses were reduced further in 2014 from EUR 1.4
m to EUR 1.2 m. At the beginning of the fourth quarter, with a software
release for Hologic, development expenses were capitalized for the last
time.
Depreciation and amortization remain unchanged in 2014 at EUR 1.7 m.
For the past fiscal year this leads to a EUR 0.5 million decline in EBIT
(earnings before interest and taxes) to EUR 3.9 million, which corresponds
to a still attractive EBIT margin of 30 % (previous year 34 %).
Following a significantly improved financial result of EUR 1.1 m (previous
year EUR -0.4 m) and a strong increase in tax expense of EUR 1.2 m(previous
year EUR 0.3 m), a profit after taxes of EUR 3.7 m could be generated,
corresponding to earnings per share of EUR 2.16 (previous year EUR 2.14).
Cash and cash equivalents could be again significantly increased by EUR 4.1
m in 2014 and amounted to EUR 17.5 m at the end of the year.
"2014 was for us economically a very successful year as well. Our
dependency on Hologic has, however, increased even further, which is
reflected in a share of 75% of total revenues in the past fiscal year."
said Dr. Robert Hannemann, CFO of MeVis Medical Solutions AG. He added:
"For the first time in several years, for 2014 we are able to report a
balance sheet profit. In light of the new shareholder structure, the
Supervisory Board and Management Board have, however, only proposed a
dividend in the amount of the statutory minimum dividend of 0.04 EUR per
share to the Annual General Meeting."
"Recently, we were able to extend our existing license agreement with
Hologic for another year to the end of 2016 as expected. At the same time,
and as started in the previous year, we continue our development support
for the gradual replacement of the existing licensing business for Hologic.
Nothing has changed on our assessment of a medium- and long-term
significant decline in sales with Hologic." added Marcus Kirchhoff, CEO of
MeVis Medical Solutions AG. "The expansion of the industrial customer
segment, on the one hand through product broadening within the existing
customers, but also strongly by the acquisition of new customers, remains
essential in focus of our activities."
The interim financial statement for the first quarter 2015 will be
published on May 21, 2015.
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23.04.2015 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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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: MeVis Medical Solutions AG
Caroline-Herschel-Str. 1
28359 Bremen
Germany
Phone: +49 421 224 95 0
Fax: +49 421 224 95 999
E-mail: ir@mevis.de
Internet: http://www.mevis.de
ISIN: DE000A0LBFE4
WKN: A0LBFE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News-Service
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347343 23.04.2015
DGAP-News: MeVis Medical Solutions AG: MeVis publishes final figures for fiscal year 2014
| Source: EQS Group AG