03.11.2016
Eckert & Ziegler Strahlen- und Medizintechnik AG DE0005659700
DGAP-News: Eckert & Ziegler Q3/2016: Rise in Radiopharma segment income keeps the Group on track. Positive outlook for 2017.
DGAP-News: Eckert & Ziegler Strahlen- und Medizintechnik AG / Key word(s):
Quarterly / Interim Statement/9-month figures
Eckert & Ziegler Q3/2016: Rise in Radiopharma segment income keeps the Group
on track. Positive outlook for 2017.
03.11.2016 / 07:45
The issuer is solely responsible for the content of this announcement.
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Berlin, 3 November 2016. Eckert & Ziegler Strahlen- und Medizintechnik AG
(ISIN DE 0005659700), a specialist for isotope-based applications in
medicine, science and industry headquartered in Berlin, achieved sales of
EUR 103.1 million in the nine months from January to September 2016. The
sales figures were almost exactly on par with the prior-year level of EUR
102.7 million. Currency effects and acquisitions did not play much of a
role; the slight was largely based on organic growth.
The sharpest rise in sales of EUR 3.0 million, or 12 %, to EUR 29.3 million
was posted by the Radiopharma segment due to the continuing growth of
pharmaceutical radioisotopes. The Isotope Products segment saw sales rise
by EUR 1.2 million, or 2 %, to EUR 58.2 million. As expected, sales in the
Radiation Therapy segment, on the other hand, declined by EUR 3.9 million,
or 18 %, to EUR 17.8 million following the prior year's disposal of two
divisions.
Group earnings per share fell by EUR 0.27, or 19 %, year on year to EUR
1.43. This amount is slightly higher than planned; as a result, the
Executive Board is confident that earnings per share for the full year will
amount to EUR 1.80 as forecast. Eliminating the losses for 2016 that arose
from the winding-down of a Californian subsidiary, earnings per share
amounted to EUR 1.47, that is to say EUR 0.04 more per share.
The scheduled decline in profits by nearly 20% was due to the EUR 6.4
million drop in extraordinary income which stood at a record figure of EUR
8.8 million in the prior year as a result of, among other things, the sale
of an investment (OctreoPharm Sciences).
Excluding extraordinary effects and the financial result for both periods,
and including the discontinued operations, there has been a significant
improvement in the results of operations. While sales remained more or less
unchanged, the Group's gross margin rose by EUR 2.1 million and
administrative and selling expenses fell by EUR 3.0 million. The disposals
of loss-bringer operations and the closure of unprofitable subsidiaries
enabled the Group to reduce its cost base by a total of EUR 5.4 million, or
5 % of sales, within a period of twelve months.
In 2017 earnings are expected to grow and could exceed EUR 2.00 per share,
assuming that exchange rates remain stable and excluding acquisitions and
the sale of divisions. Sales of just under EUR 150 million are expected.
The complete quarterly financial statements can be viewed under:
http://www.ezag.com/fileadmin/user_upload/ezag/investors-financial-reports/
englisch/euz316e.pdf
About Eckert & Ziegler.
Eckert & Ziegler Strahlen- und Medizintechnik AG (ISIN DE0005659700), with
approximately 660 employees, is one the world's largest providers of
isotope technology for radiation therapy and nuclear medicine.
Contributing to saving lives.
Your contact:
Eckert & Ziegler AG, Karolin Riehle, Investor Relations
Robert-Rössle-Str. 10, 13125 Berlin, Germany
Tel.: +49 (0) 30 / 94 10 84-138, [email protected], www.ezag.de
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03.11.2016 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.de
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Language: English
Company: Eckert & Ziegler Strahlenund Medizintechnik AG
Robert-Rössle-Str.10
13125 Berlin
Germany
Phone: 49 30 941084-138
Fax: 49 30 941084-112
E-mail: [email protected]
Internet: www.ezag.de
ISIN: DE0005659700
WKN: 565970
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Tradegate Exchange
End of News DGAP News Service
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516733 03.11.2016
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