Geratherm Medical AG / Key word(s): Final Results
Geratherm Medical AG: Geratherm Medical reports business figures for 2017
12-Apr-2018 / 15:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Public disclosure of inside information pursuant to Art. 17 MAR,
Geratherm Medical reports business figures for 2017
– Sales volume Euro 21 million -1.8 %
– EBITDA Euro 1,768,000 – 52.3 %
– EBITDA (excl. Brazil) Euro 3,114,000 -9.4 %
– EPS 14 cents (2016: 45 cents)
– Proposed dividend 47 cents (2016: 50 cents) per share
Geschwenda, 12 April 2018 – At its meeting today, the supervisory board approved the annual financial statements and consolidated financial statements as per 31 December 2017. The annual financial statements have thus been adopted. The supervisory board accepted the board’s proposal for the appropriation of balance sheet profits, namely the payment of a dividend of 47 cents per share.
Although the 51 % stake in Geratherm do Brasil accounts for only 4.3 % of group turnover and 3.6 % of its workforce, the write-downs and losses made by the Brazilian management in the 2017 financial year amounting to Euro 1,563,000 must be consolidated in the consolidated balance sheet of Geratherm as a result of the restructuring which has taken place. This has had an impact on group earnings for the 2017 financial year, which are consequently lower than in the previous year.
The company Geratherm Medical is in a strong position. Its ratio of equity to total balance sheet is 73.8 %, and its liquid assets (including securities held) are valued at Euro 12.8 million (2016: Euro 12 million).
The outlook for business growth in 2018 appears positive. The Warming Systems, Cardio/Stroke and Respiratory business segments are expected to achieve high double-digit growth rates. We have budgeted for the relicensing of the warming systems and the licensing of LMT incubators for China. There will be a 20 % increase in production capacity for gallium thermometers at the site in Geschwenda in 2018.
The detailed annual report will be published on 26 April 2018.
Geratherm Medical AG
Short company profil:
12-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Geratherm Medical AG|
|Phone:||+49 (0)36205 98-0|
|Fax:||+49 (0)36205 98-1 15|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|