Eckert & Ziegler: Nine-Month Figures Show Strong Sales Growth

The Isotope Products segment generated sales of EUR 102.7 million, up EUR 29.6 million (+40%) compared to the first nine months of 2021. All main product groups contributed to this good performance. The development of oil and gas prices is boosting the exploration activities of energy companies and, consequently, the demand for measurement components. Around EUR 7.9 million of the increase was attributable to the acquisition of the Argentine company Tecnonuclear SA; a further EUR 7.0 million was due to a favorable US dollar exchange rate (+12% on average between the first three quarters of 2021 and 2022).

Sales of EUR 65.5 million in the Medical segment during the first nine months of the year were around 6% higher than last year (EUR 61.6 million). The main growth driver continues to be the pharmaceutical radioisotopes business. Sales of laboratory equipment and plant engineering also increased significantly.

Despite the positive nine-month figures, the Executive Board continues to adhere to its previous sales and earnings forecast for the fiscal year 2022 of around EUR 200 million and around EUR 27 million, respectively. This position is based on the currently tense and risky global economic situation.

The complete quarterly report can be viewed here: https://www.ezag.com/fileadmin/user_upload/ezag/investors-financial-reports/englisch/euz322e.pdf