Revenue in the EMEA region increased by 13.5 percent (adjusted for currency effects: +15.1 percent), to €103.5m (prior year: €91.2m). Germany, France and Southern Europe posted strong revenue growth.
At €91.9m (prior year: €94.1; -2.3%, adjusted for currency effects: -4.9%), revenue in the first three months 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 at the beginning of the 2017/18 fiscal year, which had provided a strong boost to revenue in the same period of the prior year.
The APAC2 region also posted a further increase in its revenue, of 17.1% (adjusted for currency effects: +16.2%) to €128.2m (prior year: €109.5m).
The operating result (earnings before interest and taxes: EBIT) increased significantly and reached €48.1m in the first three months of the current fiscal year (prior year: €38.9m). The EBIT margin increased from 13.2 percent to 14.9 percent. Adjusted for special effects, this represented an increase of 15.1% (prior year: 13.5 percent). Earnings of €0.32 per share remained at the same level as the previous year.
For fiscal 2018/19, we are expecting to grow at least as fast as our markets, which is confirmed by our business performance in the last three months. We are also holding to our margin target. We are expecting an EBIT margin in the range of 14 to 16 percent in the current fiscal year and in the medium term,” said Dr. Monz, confirming the forecast published in December 2018.