EQS-Adhoc

LifeWatch achieves turnaround in 2014: Turnover increased by 8.1% with positive Operating Results

EQS Group-Ad-hoc: LifeWatch AG / Key word(s): Final Results
LifeWatch achieves turnaround in 2014: Turnover increased by 8.1% with
positive Operating Results

18.03.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Press Release

LifeWatch achieves turnaround in 2014: Turnover increased by 8.1% with
positive Operating Results

Neuhausen am Rheinfall, Switzerland, March 18, 2015 - LifeWatch AG (SIX
Swiss Exchange: LIFE), a market leader in the development and sale of
digital health solutions primarily for remote cardiac monitoring and sleep
apnea diagnostics, realized a turnover of USD 98.47 million for the
business year 2014, 8.1% more than in the previous year (2013: USD 91.06
million). In particular, the second half year saw a significant reduction
in costs, which offsets the operative losses from the first half year. The
EBIT for the second semester amounted to USD 4.43 million following the
negative result in the first six months of USD 4.13 million. In total the
EBIT for the business year 2014 amounted to USD 0.30 million (2013: -2.089
million). The positive business development in the second half of the year
resulted in an EBITDA of USD 7.47 million for this period which more than
offset the negative first half year numbers. The net loss of USD 2.73
million (2013: net profit USD 2.92 million) resulted primarily from a tax
charge of USD 2.54 million, in comparison to a tax credit of over USD 5
million which was recorded in the previous year. Please note that the above
mentioned figures for 2014 are unaudited.

LifeWatch will publish the detailed audited annual results and the annual
report 2014 on March 31, 2015.

For Questions:
LifeWatch AG
c/o Dynamics Group, Philippe Blangey / Doris Rudischhauser
Telephone: [phone]
E-Mail: [e-mail]

About LifeWatch AG:
LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on SIX
Swiss Exchange (LIFE) in Switzerland, is a leading provider of digital
health systems and wireless telemetry monitoring services. The LifeWatch
services deliver important information to doctors for appropriate treatment
of their patients and better treatment results. LifeWatch has operative
subsidiaries in the USA, Switzerland, Macedonia and Israel and is the