Eckert & Ziegler: Strong nine-month figures. Annual forecast confirmed. Pooling of medical segments in 2020.
DGAP-News: Eckert & Ziegler Strahlen- und Medizintechnik AG
/ Key word(s): 9 Month figures
Berlin, 12 November 2019. Berlin-based Eckert & Ziegler Strahlen- und Medizintechnik AG (ISIN DE0005659700, S-DAX), a specialist in isotope-related applications in medicine, science and industry, achieved earnings after tax of EUR 5.7 million or 1.11 EUR per share in the third quarter 2019. Compared to the previous year, earnings after tax for the first nine months increased by 46% from EUR 2.50 to EUR 3.66 per share. During the same period, sales increased by 8% from EUR 123.8 million to EUR 133.2 million. The main driver of growth was the Radiopharma segment, while the Isotope Products and Radiation Therapy segments essentially came in at the same level as the comparable period in the previous year. Along with top line growth, the higher net profit for the year was also attributable to a more favorable product mix.
With sales revenue of EUR 84.1 million, the Isotope Products segment continues to be the largest segment. Because the product mix was more favorable compared with the previous year, the gross margin rose by EUR 2.6 million despite a comparatively small rise in sales. The segment achieved an overall result of EUR 8.5 million and thus came in at about the level of the comparable period in the previous year.
The Radiopharma segment posted a year-on-year increase in sales revenue of EUR 9.1 million. At the same time, manufacturing costs rose at a disproportionately low level by EUR 1.4 million, resulting in a gross margin that was on whole higher by EUR 7.7 million than that in the previous year. The result for this segment therefore rose by a total of EUR 5.0 million, or 91%, compared with the first nine months of 2018.
The Radiation Therapy segment recorded a profit of EUR 0.6 million for the period, which was nearly unchanged compared with the previous year. With sales declining by EUR 0.6 million, the gross margin fell somewhat disproportionately by EUR 0.7 million.
Confirmation of forecast for 2019
The complete financial statements can be viewed here:
About Eckert & Ziegler.
12.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Eckert & Ziegler Strahlen- und Medizintechnik AG|
|Phone:||+49 30 941084-138|
|Fax:||+49 30 941084-112|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||910373|
|End of News||DGAP News Service|