Eckert & Ziegler Q3 / 2017: Continually high income. Net liquidity exceeds EUR 50 million.
Press ReleaseEckert & Ziegler Q3 / 2017: Continually high income. Net liquidity exceeds EUR 50 million.
Berlin, 09 November 2017. Eckert & Ziegler Strahlen- und Medizintechnik AG (ISIN DE0005659700), a Berlin-based company specializing in isotope technology for medical, scientific and industrial applications, increased its earnings per share by 63% to EUR 2.32 in the first nine months compared with the prior year's period. The main reasons for the sales increase were stable growth in the Devices division of the Radiopharma segment and the first sales generated by the Gamma-Service Group acquired at the end of May. Excluding the discontinued operations and therewith according to the requirements under IFRS 5, earnings per share rose to EUR 1.72, increasing compared with the prior year's quarter by EUR 0.22 per share or 14.7 %.
At EUR 100.4 million, Group sales were 12 % above the prior year's level of EUR 89.5 million at the end of the third quarter of 2017. The main reasons for the sales increase were stable growth in the Devices division of the Radiopharma segment and the first sales generated by the Gamma-Service Group acquired at the end of May. Currency effects had no impact on sales. Organic, real sales growth - in other words, sales adjusted for currency effects and excluding the acquisitions and disposals made in 2016 and 2017 - came to EUR 5.4 million. Excluding the adjustments required under IFRS 5, the Group recorded total sales of EUR 106.6 million in the third quarter of 2017, compared with EUR 103.1 million in the prior year's period.
The Radiopharma segment continues to be the growth driver. If the discontinued Cyclotron division is excluded, year-on-year growth was EUR 5.0 million or 32 %. In the USA in particular, the company further increased its year-on-year sales. Sales in the Radiation Therapy segment rose by EUR 0.4 million or 3% to EUR 18.3 million. The newly acquired Gamma-Service Group is included in the Isotope Products segment. The sales generated by the products and services of the newly acquired companies played a key part in enabling this segment to also increase its year-on-year sales by EUR 5.5 million or 9 % to EUR 63.7 million.
Cash flow increased faster than earnings, causing net liquidity - in other words, cash and cash equivalents less total liabilities to banks - to rise by EUR 25.3 million to EUR 50.2 million.
As a result of the extraordinary income from the sale of the Cyclotron division, earnings of around EUR 2.80 per share are forecast for 2017, EUR 0.60 of which is due to extraordinary effects and discontinued operations. Sales of approximately EUR 140 million are expected.
The complete financial statements can be viewed here:http://www.ezag.com/fileadmin/user_upload/ezag/investors-financial-reports/englisch/euz317e.pdf
About Eckert & Ziegler. Eckert & Ziegler Strahlen- und Medizintechnik AG (ISIN DE0005659700), with approximately 760 employees, is one the world's largest providers of isotope technology for radiation therapy and nuclear medicine.Contributing to saving lives. For further information or questions, please contact: Eckert & Ziegler AG Karolin Riehle, Investor Relations Robert-Rössle-Str. 10, 13125 Berlin, Germany Tel.: +49 (0) 30 / 94 10 84-138, email@example.com, www.ezag.com
09.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Eckert & Ziegler Strahlen- und Medizintechnik AG Robert-Rössle-Str.10 13125 Berlin
Germany Phone: 49 30 941084-138 Fax: 49 30 941084-112 E-mail: firstname.lastname@example.org Internet: www.ezag.de ISIN: DE0005659700 WKN: 565970 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service