Revenue in the EMEA1 increased by 10.7 percent (adjusted for currency effects: +11.6 percent), to €213.7m (prior year: €193.0m). Germany, France and Spain all posted strong revenue growth.
At €180.9m (prior year: €181.6; -0.4 percent, adjusted for currency effects: -5.0 percent), revenue in the first half of the current fiscal year in the Americas region was slightly below the prior year's figure. This development is primarily attributable to new product launches in the first half of the 2017/18 fiscal year, which had provided a strong boost to revenue in the same period of the prior year.
The APAC2 also posted a further increase in its revenue, of 14.0 percent (adjusted for currency effects: +12.3 percent) to €272.6m (prior year: €239.1m). Strongest contribution came again from China and South Korea.
The operating result (EBIT) increased significantly and reached €110.4m in the first half of the current fiscal year (prior year: €88.2m). This increase was mainly driven by a favourable development of product mix with a high share of recurring revenue. The EBIT margin increased from 14.4 percent to 16.5 percent. Adjusted for special effects, this represented an increase to 16.8 percent (prior year: 14.7 percent). Earnings went up to €0.65 per share from the €0.63 of the same period in the previous year.
“With the results of the first half of the fiscal year in the books, we are now able to provide a more precise forecast:” says Dr. Ludwin Monz: “We expect to achieve sales of € 1,350 million - € 1,420 million for the full year. Due to the strong level of the EBIT margin in the first half, we are adjusting our expectations for the current fiscal year 2018/19 and now expect an EBIT margin between 15.0 percent to 17.5 percent (up from previously: 14.0 percent to16.0 percent). The forecast for the mid-term development of the EBIT margin will be reviewed as part of the publication of the financial results for 2018/19, considering the planned strategic investments in research and development."
1 Europe, Middle East, Africa