Ad-hoc | 27 March 2003 07:45
Eckert & Ziegler AG
english
Positive Result Despite High Expenditure for Product Development
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Eckert & Ziegler: Positive Result Despite High Expenditure for Product
Development
Berlin, 27.03.2003. Eckert & Ziegler AG, a specialist in medical and industrial
isotope applications, has concluded the 2002 financial year with a profit of
0.11 EUR per share (0.3 million EUR) despite a fourfold increase in its
development expenditure to more then 3.4 Mio. EUR. A strengthening of the
liquid funds and securities position by 0.3 million EUR to 8.5 million EUR was
also achieved in spite of the dividend payment in May of last year. However,
sales fell back in 2002 by a nominal 5% to 31.2 million EUR, mainly because of
the week dollar and the bankruptcy of a major wholesaler.
While growth was maintained in the oncology, cardiology and nuclear imaging
divisions with sales increases of between 3% and 25%, the industry division was
the only part of the business to suffer a real decline, brought about by
special factors in 2001.
The main vehicle for the future growth of Eckert & Ziegler will continue to be
implants for the minimally invasive treatment of prostate cancer. In addition,
in the medium term, the Board is anticipating a stimulus to growth to come from
the application of isotope technology in components used in security and
defense and for nuclear medicine. For the current year, the Board forecasts
earnings per share of around 0.30 EUR.
The Board of Directors
For further information please contact:
Eckert & Ziegler AG, Karolin Riehle, Investor Relations
Robert-Rössle-Strasse 10, D – 13125 Berlin, http://www.ezag.com
Tel.: +49 (0) 30 / 94 10 84-138, Fax -112
end of ad-hoc-announcement (c)DGAP 27.03.2003
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WKN: 565970; ISIN: DE0005659700; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart
270745 Mär 03