Eckert & Ziegler: Strong Growth in Sales and Income

(PresseBox) ( Berlin, )
Berlin-based Eckert & Ziegler Strahlen- und Medizintechnik AG (ISIN DE0005659700), a specialist in isotope-related applications in medicine, science and industry, achieved record sales of € 89.0 million in the first half of 2019. The sales increased by € 8.0 million or 10% when compared to the previous year. Earnings per share rose by 57% to € 2.55.

The fastest-growing segment was the Radiopharma segment, mainly driven by continuing strong sales of pharmaceutical radioisotopes to reach a level of € 21.7 million, representing an increase of € 6.3 million or 41%. The revenue generated by the Isotope Products segment also increased by 5% or € 4.2 million to € 54.2 million The Radiation Therapy segment, however, recorded a slight drop in sales, achieving € 13.2 million, which represents a fall of around 8% year-on-year.

The operating cash flow rose significantly by € 9.1 million to € 14.2 million. Decisive factors here were the increase of € 4.5 million in the result for the period and non-cash effects from depreciation and amortization, which rose by € 1.5 million. In total, cash and cash equivalents increased by € 2.9 to

€ 57.1 million as at June 30, 2019 as compared with the end of 2018.

For the fiscal year 2019 the management expects sales revenues of around € 180 million and earnings of around € 4.00 per share. This outlook continues to be based on the assumption that the Euro exchange rate does not exceed USD 1.20.

The complete financial statements can be viewed here.
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