Corporate | 3 November 2009 07:40
Eckert & Ziegler Strahlen- und Medizintechnik AG / Quarter Results
03.11.2009
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Berlin, 3 November 2009. In the third quarter of 2009 the Berlin based
Eckert & Ziegler Strahlen- und Medizintechnik AG (ISIN DE0005659700), a
specialist for isotope technology in medicine, science and industry, was
able to increase its sales to a new record of EUR 25.5 million (+37%).
Overall sales for the first nine months reached EUR 77.8 million (+51%).
The profit achieved after tax and minority interests was EUR 5.3 million,
an increase of 79% (EUR +2.4 million) compared with the same nine-month
period in the previous year if the special effect resulting from the IBt
consolidation in that period is excluded. The profit per share for the
three quarters of 2009 taken together equals EUR 1.44
The operative cash flow figure, which is largely impervious to the special
effect, also grew strongly. Over the nine months, it increased to 15% of
the volume of sales, reaching EUR 12.0 million. Almost half of this, i.e.
EUR 5.5 million, is derived from the 3rd quarter of 2009. This value was
achieved without payments of EUR 3 million due from IBt's Russian business
during the quarter being made. They were not made until October. Due to the
high plowback levels, the cash reserves as at 30 September increased by EUR
7.5 million to EUR 14.8 million, despite significant investments being
made.
In the Nuclear Imaging and Industry segment, sales have virtually doubled,
increasing from EUR 22.2 million to EUR 39.6 million. This resulted from
the combined effects of the inclusion of Nuclitec sales and increased sales
of robust drill hole sources, as well as a USD exchange rate improvement of
6% compared to the previous year. Sales in the Therapy segment increased by
26%, or approx. EUR 5 million. The drivers of growth were above all the
tumor irradiation devices, sales of which increased by 55%, due in
particular to increased sales to Eastern Europe. Despite the loss of sales
in Italy, the Radiopharmaceuticals segment grew by 38%. Both main product
categories, Modular-Lab and diagnostics for positron emission tomography
(PET), continued their uninterrupted growth trend from the previous
quarters. Added to this were Nuclitec's aurigamedical sales.
The Nuclear Imaging and Industry segments were still the main source of
revenues, as in previous periods. Sales have increased by 79%.
Approximately a third of that, i.e. 25% growth, can be seen in profits
after tax and minority interests, which have increased by EUR 0.9 million
compared with the same period last year, and which now stand at EUR 4.3
million. The Therapy segment still continued to be an earnings machine in
the third quarter, and after minority interests it contributed about EUR
1.5 million to earnings. Despite high launch costs for new products, the
Radiopharmacy segment also remained above the profit target.
The company expects sales of about EUR 100 million and earnings per share
of about EUR 1.80 for the current year.
Eckert & Ziegler AG focuses on cutting edge technologies in the field of
radioisotopes, and with a head count of about 520 employees it is one of
the largest manufacturers in the world of radioactive components for the
science, medicine and industry sectors.
Eckert & Ziegler will present the complete figures during the German Equity
Forum in Frankfurt on 11 November 2009 (at 11.15 a.m. in the Zurich room of
the Frankfurt trade fair convention center:
www.eigenkapitalforum.de).
Eckert & Ziegler AG, Karolin Riehle, Investor Relations, Robert-Rössle-Str.
10, 13125 Berlin
Tel.: +49 (0) 30 / 94 10 84-138, Fax -112, E-Mail: karolin.riehle@ezag.de,
www.ezag.de
03.11.2009 Financial News transmitted by DGAP
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Language: English
Company: Eckert & Ziegler Strahlen- und Medizintechnik AG
Robert-Rössle-Str.10
13125 Berlin
Deutschland
Phone: 49 30 941084-138
Fax: 49 30 941084-112
E-mail: karolin.riehle@ezag.de
Internet: www.ezag.de
ISIN: DE0005659700, DE000A0L1L69
WKN: 565970, A0L1L6
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Düsseldorf, Hamburg
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