MeVis reports drop in revenues

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Medical imaging software developer MeVis Medical Solutions has posted a drop in revenues for its fiscal year 2019/2020, mainly due to a decline in maintenance and development services revenue.

For the fiscal year (end-30 September), MeVis posted revenue of 17.1 million euros, down 5.5% compared with revenue of 18.1 million euros the fiscal year prior. Earnings before interest and taxes (EBIT) fell 29% from 8.2 million euros in fiscal 2018/2019 to 5.8 million euros in fiscal 2019/2020.

For fiscal year 2020/2021, MeVis expects a significant decline in revenues to between 15 million euros and 15.5 million euros. The firm plans to publish its half-year financial report on 27 May.

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