DGAP-News

MeVis Medical Solutions AG: Existing trends continued

DGAP-News: MeVis Medical Solutions AG / Key word(s): Half Year Results MeVis Medical Solutions AG: Existing trends continued 18.05.2017 / 16:30 The issuer is solely responsible for the content of this announcement. Significant revenue contributions from services

• Revenues in the second quarter with EUR 4.2 million 9 % above prior year
• 
  
• Earnings before interest an taxes (EBIT) in the second quarter of EUR 0.7 million(below prior-year's figure of 1.2 million), 17 % EBIT margin
• 
  

Bremen, May 18, 2017 - MeVis Medical Solutions AG [ISIN: DE000A0LBFE4], a leading provider of medical imaging software, today announced its figures for the first half of fiscal year 2017 (reporting period: October 1, 2016 to March 31, 2017.

Sales generated in the second quarter of 2017 amounted to EUR 4,219 k, up 9 % compared to the same quarter in the previous year (EUR 3,876 k). The development support services provided to Hologic accounted for a substantial share of this increase. As a result, sales rose year on year to

EUR 9,756 k (prev. year: EUR 7,957 k) in the first half of the year. The increase in revenues in the first half of the year resulted mainly from the sale of extensive usage rights for our tool for the development of software prototypes, MeVisLab, for EUR 1,800 k, which is also included in the sales of the Other Diagnostics segment. Sales of new licenses fell by 18 % to EUR 2,848 k, and the maintenance business decreased by 5 %. Sales in the Digital Mammography segment decreased by 5 % to EUR 5,971 k (prev. year: EUR 6,257 k), whereas sales in the Other Diagnostics segment increased to EUR 3,785 k (prev. year: EUR 1,700 k); without the one-time effect, this corresponds to growth of 17 %.

Operating costs increased significantly in the second quarter of 2017, as planned. Personnel expenses saw a substantial 53 % increase because of exercised stock options, cumulated for the first half of the year, this corresponds to a rise of 18 %. At EUR 527 k (prev. year: EUR 529 k), other operating expenses remained constant year on year in the second quarter. Cumulated for the first half of the year, other operating expenses fell 22 % year on year.