Eckert & Ziegler: One-Off Effects and Robust Operating Business Push Nine-Month Result to Record Level

Although a large part of the 2021 earnings growth resulted from the sale of the tumor device business, the development of the operating business in both segments was also extremely encouraging. Adjusted for one-off effects of € 9.1 million, earnings before interest and taxes (EBIT) in the Medical segment rose by 28% from € 15.6 million to € 19.9 million. In the Isotope Products segment, EBIT increased even more by 44% from € 7.7 million to € 11.1 million. In this segment, the return to the pre-Corona earnings level has stabilized. The holding company closed the nine-month period with EBIT of € 0.3 million. In total, the segment earnings added up to a Group EBIT of more than € 40 million.

The Medical segment was able to increase its sales revenues by € 6.7 million or 14%, adjusted for the revenues from the tumor irradiation business, which was still included in the previous year and has since been sold. Sales to pharmaceutical companies developed dynamically, with orders for services and products relating to radiopharmaceuticals and pharmaceutical radioisotopes up by around 16%. Sales of laboratory equipment, brachytherapy and other products and services increased by 9%.

The Isotope Products segment generated sales of € 73.1 million, around 5% higher than in the first nine months of 2020. Net profit rose by almost 55%. Following the slumps in connection with the COVID pandemic last year, the segment was thus able to return to the growth path as expected.

Based on the nine-month figures, the Executive Board continues to confirm the previously issued sales and earnings guidance of approximately € 180 million, or around € 1.70 per share.

The complete quarterly report can be viewed here: https://www.ezag.com/fileadmin/user_upload/ezag/investors-financial-reports/englisch/euz321e.pdf