DGAP-News: MeVis Medical Solutions AG / Key word(s): Preliminary
Results/Forecast
MeVis Medical Solutions AG: Preliminary figures 2014: MeVis forecast
fully met / Guidance for 2015
20.02.2015 / 17:45
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Dividend for 2014 still pending
- Revenues increased slightly by 2 % year on year to EUR 13.1 m
- EBIT decreased by EUR 0.5 m to EUR 3.9 m
- Liquidity increased by EUR 4.0 m to EUR 17.5 m
- Dividend for 2014 depending on future shareholder structure
- Guidance for 2015:
- Revenues between EUR 13.0 m and EUR 13.5 m
- EBIT between EUR 2.0 m and EUR 2.5 m
- At the end of 2015 liquidity increases to EUR 20 m and EUR 21 m
from operating activities - before potential liquidity outflows
outside the ordinary course of business (possible dividend / to
majority shareholder / innovations)
Bremen, February 20, 2015 - MeVis Medical Solutions AG [ISIN:
DE000A0LBFE4], a leading provider of medical imaging software, today
announced its preliminary figures for fiscal year 2014 and its guidance for
2015.
Revenues generated in 2014 amounted to EUR 13.1 m up 2 % compared to the
previous year's revenues of EUR 12.8 m. The revenues from services were
significantly increased from EUR 0.6 m to EUR 1.0 m, maintenance revenues
amounted to EUR 5.6 m as in the previous year, and the licensing business
declined marginally from EUR 6.6 m to EUR 6.5 m.
The increase in revenues resulted entirely from the Digital Mammography
segment, where revenues rose from EUR 9.4 m to EUR 9.8 m, while revenues in
the Other Diagnostics segment declined marginally from EUR 3.4 m to EUR 3.3
m.
Operating costs increased as planned in 2014; thus staff costs increased by
EUR 0.3 m from EUR 6.7 m to EUR 7.0 m, and other operating expenses
increased by EUR 0.3 m from EUR 1.7 m to EUR 2.0 m.
In 2014 the capitalization of development costs was further reduced from
EUR 1.4 m to EUR 1.2 m. In the beginning of the fourth quarter the
capitalization of development costs was discontinued in line with the
delivery of a software release to Hologic.
Depreciation remained unchanged in 2014 at EUR 1.7 m.
For 2014 this results in an EBIT (earnings before interest and taxes) of
EUR 3.9 m, which is EUR 0.5 m lower than the previous year, corresponding
to a still attractive EBIT margin of 30 % (previous year: 34 %).
Cash and cash equivalents could be again significantly increased in 2014
and amounted to EUR 17.5 m at year-end (compared to EUR 13.5 m as at
Dezember 31, 2013).
"We are very pleased with again very positive financial indicators in the
past year." said Marcus Kirchhoff, CEO of MeVis Medical Solutions AG. "On
February 5, 2015 with the publication of the specific parameters for the
reimbursement of lung screening in the United States by CMS (Centers for
Medicare & Medicaid Services) a further important milestone has been
reached, which will allow the widespread implementation of the lung
screening program over the next years."
"For 2015, we expect revenues between EUR 13.0 and EUR 13.5 m. We do
anticipate a significant drop in EBIT to EUR 2.0 m to EUR 2.5 m. In
addition to a slight increase in operating costs this is primarily due to
the termination of capitalization of development costs and a slight
increase in depreciation. With respect to liquidity, we expect - before a
possible dividend payment, which will be decided on in the next Annual
General Meeting - an increase to EUR 20 m and EUR 21 m at year-end 2015,
not including potential cash outflows to a new major shareholder or
increased payments for innovations in a stand-alone scenario." added Dr.
Robert Hannemann, CFO of MeVis Medical Solutions AG. "In the medium and
long term, we continue to expect a significant decline in sales with
Hologic."
The final financial statement and the management report will be published
on April 23, 2015.
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20.02.2015 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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325685 20.02.2015
DGAP-News: MeVis Medical Solutions AG: Preliminary figures 2014: MeVis forecast fully met / Guidance for 2015
| Source: EQS Group AG