Eckert & Ziegler Q3/2012: Sales and Earnings in line. Increases in Earnings confirmed for 2013
The Isotope Products segment made the largest contribution to the overall result of the third quarter. Here sales revenues with external customers rose slightly by 1% to EUR 41.5 million. The aforementioned advantageous change in the exchange rate was the strongest in this segment, so that sales revenues remained constant - to somewhat simplify. Production and sales costs developed in proportion to sales revenues. However, administrative costs increased slightly, so that EBIT for the segment declined by EUR 0.4 million or 3% to EUR 12.6 million.
The Radiation Therapy segment posted exceptionally high sales figures for the new MultiSource® cancer radiation device in the third quarter. During the nine-month period, sales revenues rose by 12% to EUR 21.8 million. Due to changes in the product mix production costs increased more sharply than sales revenues, while sales costs declined slightly after the successful market launch. Overall, EBIT remained constant at EUR 1.9 million compared to the same period the previous year. Extensive information on the Radiation Therapy segment can also be found in Eckert & Ziegler BEBIG s.a. quarterly report, which is being published simultaneously (www.bebig.eu).
The Radiopharma segment has continued to grow at a moderate rate. Sales revenues increased by 4% to EUR 19.9, which is mainly due to the basis effect from the Bioscan acquisition in mid-2011. As compared to the same period of the previous year, expenditures for production and sales increased. Therefore, EBIT declined by 31% to EUR 2.2 million.
The strongest growth was posted by the Environmental Services segment. Sales revenues from external customers rose by 13% to EUR 4.6 million. As in the second quarter, provisions for the removal of old waste were also adjusted in the third quarter. This resulted in extraordinary expenditures, such that EBIT now shows a loss of EUR -1.3 million.
To read the full quarterly report please click here: http://www.ezag.com/fileadmin/ezag/user-uploads/pdf/financial-reports/englisch/euz312e.pdf
The Group anticipates sales revenues of about EUR 117 million and results of about EUR 10 million after taxes and minority interests in fiscal year 2012. For 2013, the budget plan, which has already been completed, projects a significant increase in sales revenues to EUR 125 million and an even higher increase in results after taxes and minority interests to EUR 12 million, provided that the average annual Euro/US dollar exchange rate does not rise above the current level of 1.30 USD per EUR.
Eckert & Ziegler Strahlen- und Medizintechnik AG
With more than 600 employees the Eckert & Ziegler Group belongs to the largest providers of isotope components for radiotherapy and nuclear medicine worldwide.