Eckert & Ziegler Q2 / 2017: Income Surges Following Sale of Cyclotron Unit
Net Liquidity Exceeds € 40 Million. Group Almost Debt-free(PresseBox) (Berlin, )
Taking into account the adjustments required under IFRS5 the Group recorded total sales of € 64.8 million EUR in the first half of 2017 (+6%). Including discontinued operations the Group recorded total sales of € 71.0 million in the first half of 2017, compared with € 70.1 million in the prior year’s period. 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 € 0.8 million.
The Radiopharma segment was the growth driver. If the discontinued Cyclotron unit is excluded, year-on-year growth was € 3.2 million or 31 %. In the USA in particular, the company further increased its already strong sales. Sales in the Radiation Therapy segment rose by € 0.2 million or 2 % to € 12.3 million. The Isotope Products segment continued to increase, growing € 0.5 million or 1 % to € 40.6 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 € 12 million to € 40 million. The Group is now almost debt-free.
As a result of the extraordinary income from the sale of the Cyclotron unit, earnings of around € 2.80 per share are forecast for 2017, € 0.60 of which is due to extraordinary effects and discontinued operations. Sales of just under € 150 million are expected.
The complete financial statements can be viewed here: http://www.ezag.com/fileadmin/user_upload/ezag/investors-financial-reports/englisch/euz217e.pdf