UMS United Medical Systems International AG / Key word(s): Quarter Results/Quarter Results

15.05.2014 / 10:50

UMS even with last year in first quarter of 2014

Hamburg, May 15, 2014 - UMS United Medical Systems International AG (UMS / ISIN DE0005493654) is off to a solid start in the new fiscal year and met its expectations for the first quarter. Earnings per share were 12 cents in the first three months compared to the exact same amount (12 cents) in the corresponding prior-year quarter.

Consolidated revenues under IFRS decreased by 4% in the opening quarter of 2014 to EUR 9.6 million. However, adjusted for the change in the exchange rate between the U.S. dollar and euro, they were even with the first quarter of 2013. Business in the Urology segment was stable, while Gynecology recorded a decline in sales. Revenues in Radiology, by contrast, rose considerably.

Net profit came to EUR 2.4 million in the first quarter of 2014, which was even with last year at this time. Net cash provided by operating activities increased to EUR 3.3 million, after having stood at only EUR 2.3 million in the corresponding prior-year quarter.

In light of the stable development of business, the Company continues to expect revenues and earnings at last year's level and earnings per share of 50 to 55 cents.

Jorgen Madsen, CEO of UMS AG, explains: "We are pleased with how well the first quarter went given the challenging market conditions, particularly the long, severe winter in North America. We are in a good position and delivering stable results. Therefore, I'm optimistic overall that we will meet our projections for the full year 2014."

The complete report for the first quarter 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 around 220 employees worldwide and serves over 900 customers.

Contact

Astrid Soltau, Tel: (040) 50 01 77-00, Fax: (040) 50 01 77-77, E-mail: investor@umsag.com

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