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UMS AG: Satisfactory Performance in Q3 2014

11-14-2014 07:02 PM CET | Health & Medicine

Press release from: UMS United Medical Systems International AG

- Weak US dollar continues to influence revenues and earnings

- Expenses for the sale of UMS DE, Inc. adversely affect earnings per share by 19 cents or EUR0.9 million

Hamburg, November 13, 2014 - UMS United Medical Systems International AG (UMS/ ISIN DE0005493654) improved its revenues and earnings in the third quarter of fiscal year 2014. Against the backdrop of a challenging market environment, the company's performance is considered satisfactory. Group revenue in the third quarter totaled EUR 10.2 million, against EUR 9.8 million a year ago. Because of one-time expenses in connection with the sale of UMS DE, Inc., net income fell from EUR 2.4 million last year to EUR 1.7 million this year. If these one-time effects in the amount of EUR 0.9 million are ignored, the Company's quarterly result improved to slightly over EUR 2.6 million. Because the share of profit attributable to non-controlling interests increased, the Group's profit for the period fell slightly in the past quarter, from EUR 0.6 million last year to EUR 0.5 million this year, if the one-time effect of EUR 0.9 million from the sale is ignored.

The complete report for the third quarter and the first nine months of 2014 is available in German and English on the Company's website at www.umsag.com.

About UMS AG

UMS International AG is a provider of innovative healthcare delivery concepts in the growth segment of high-tech medicine. UMS pioneered the mobile deployment of high-class medical systems and markets a comprehensive range of full-service solutions for hospitals and specialists. The forward-looking concepts include complete services for the customer, covering everything from system management to the provision of trained application specialists. The UMS Group currently has some 220 employees worldwide and serves over 650 customers.

Contact

Christian Möller, Tel: (040) 50 01 77-00, Fax: (040) 50 01 77-77, E-Mail: investor@umsag.com
Borsteler Chaussee 53
22453 Hamburg

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