Quarterly Report • May 18, 2021
Quarterly Report
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2021
| Q1 2020 | Q1 2021 | Change | ||
|---|---|---|---|---|
| Sales | € million | 44.5 | 44.2 | –1% |
| Return on revenue before tax | % | 18 | 46 | +156% |
| EBITDA | €million | 11.1 | 23.0 | +107% |
| EBIT | €million | 8.3 | 20.6 | +148% |
| EBT | €million | 8.1 | 20.4 | +152% |
| Net income before other shareholder´s interests | €million | 5.1 | 13.8 | +170% |
| Profit | €million | 5.0 | 13.7 | +174% |
| Earnings per share (basic) | € | 0.24 | 0.67 | +179% |
| Operational cash flow | €million | 4.7 | –1.7 | –136% |
| Depreciation and amortization on non-current assets | €million | 2.8 | 2.4 | –14% |
| Staff as end of period | Persons | 828 | 843 | +2% |
Seed implantation for prostate cancer is now to be reimbursed as an outpatient treatment by public health insurances in Germany. This was decided by the Federal Joint Committee with effect from January 8, 2021.
PENTIXAPHARM GmbH, an associate of Eckert & Ziegler, has received confirmation from the European Medicines Agency (EMA) that its lead candidate PENTIXAFOR may be tested directly in a phase III clinical study. The agency said that there are "sufficient safety data available to initiate a phase III trial" for the Gallium-68 labelled radiodiagnostic which detects CXCR4-positiv solid tumors and CXCR4-positive hematological malignancies.
The production site in Wilmington just north of Boston, Massachusetts will be expanded with a new production facility for the contract manufacturing of radiopharmaceuticals. The new cGMP clean room suite will be operational by end of 2021.
Eckert & Ziegler divest its tumour radiation equipment (HDR) business. As a first step, it has sold 51% of the shares in BEBIG Medical GmbH, into which it had transferred the HDR business, to the Chinese company TCL Healthcare Equipment (TCL) in Shanghai.
The Nuclear Research and Consultancy Group (NRG) in Petten (NL), a world-leading research institute to produce radiopharmaceuticals, orders hot cells worth several million euros to be constructed by Eckert & Ziegler.
Eckert & Ziegler is planning to build a new production facility for radiopharmaceuticals and radioisotopes in Jintan (PR China). The start of construction is scheduled for 2021.
For the second time in a row, Eckert & Ziegler is awarded by the Berlin Chamber of Industry and Commerce (IHK) for the special quality of its training and receives the seal of approval for "Excellent Training Quality".
In the first quarter of 2021, the Eckert & Ziegler Group achieved a new record result with a net profit of € 13.7 million. Compared to the same period of the previous year, Group profit thus increased significantly by € 8.7 million or 170%. The increase resulted from several components. On the one hand, the sale and associated deconsolidation of the tumor equipment business generated non-recurring income of approximately € 6.8 million. On the other hand, however, the operating business also continued to perform well, with both the Medical segment and the Isotope Products segment achieving significant improvements in earnings compared with the first quarter of 2020.
Consolidated sales at the end of March 2021 totaled € 44.2 million, only slightly below the previous year's level of € 44.5 million by € 0.3 million or 1%. The breakdown by segments shows a slightly different development.
The Medical segment recorded another increase in sales, which rose by € 0.7 million or 3% to € 21.3 million despite the deconsolidation of the tumor equipment division. The encouraging picture was mirrored at the level of the main product groups. The main growth driver continues to be the pharmaceutical radioisotope business. Sales of plant engineering, laboratory equipment and brachytherapy sources also increased. Only sales in the project business (services for companies) showed a weak start into the year.
The Isotope Products segment generated sales of €24.0 million, down €0.7 million or around 3% on the first three months of 2020. One reason for this nominal decline is the weakness of the US dollar. The segment traditionally generates the majority of its sales in USD. While these were translated at an exchange rate of USD 1.10 per euro in the first quarter of 2020, the average exchange rate in the first quarter of 2021 was approximately USD 1.20 per euro.
The Group's record three-month earnings of €13.7 million, or €0.67 per share, are based on earnings improvements in the two operating segments, Medical and Isotope Products, as well as a one-time effect from the sale of the tumor equipment business in the Medical segment.
The sale and deconsolidation of this division contributed approximately € 6.8 million to the Medical segment's earnings of € 11.7 million. Adjusted for this one-off effect, the net result for the segment amounted to € 4.9 million, an increase of € 1.3 million or 36% on the result for the same quarter of the previous year.
Earnings in the Isotope Products segment also increased by around € 1 million compared with the first quarter of 2020 to € 2.5 million. The improvement in earnings is due on the one hand to a more favorable product mix, so that despite a slight decline in sales, a gross margin at around the level of the previous year's level was achieved. On the other hand, a better financial result was achieved, which in the previous year had been negatively impacted above all by loan write-downs related to the weakness of the Brazilian real.
The Group's third segment, the holding company, closed the quarter with a loss of € 0.4 million, compared to an almost balanced result in the previous year. The deterioration in earnings compared to the prior-year period is mainly due to the recognition of losses in connection with the investment in a drug development company, which had not yet been incurred in the prior-year quarter.
Total assets as of end-March 2021 have increased slightly compared to the 2020 financial statements and now amount to € 309 million (previous year: € 292 million).
On the assets side, shares in associated companies increased by € 9.7 million. This increase is mainly due to the first-time at-equity consolidation of BEBIG Medical GmbH. In connection with the sale of the HDR business within the Medical segment, the companies concerned had initially been fully deconsolidated. The remaining 49% interest held by the Group was then accounted for as investments in associates. This item was offset by repayments in relation to the investment in the Americium Consortium LLC joint venture.
Trade receivables increased by € 6.5 million and inventories by € 3.9 million. By contrast, assets held for sale decreased in full by € 14.0 million compared with the balance sheet as of December 31, 2020, as the corresponding sale of the HDR unit was realized in March 2021.
The changes on the liabilities side mainly relate to income tax liabilities, which increased by €3.2 million, partly due to the increase in profit for the period. Liabilities directly associated with assets held for sale decreased by €3.3 million (again in connection with the sale of the HDR division).
Equity increased by € 17.0 million to € 165.9 million as of March 31, 2021. The increase resulted mainly from the net profit for the period of € 13.7 million and from the currency differences of € 3 million recognized in equity. The equity ratio rose from 51% to 54%.
Operating cash flow amounted to €–1.7 million, which is significantly lower than the figure of € 4.7 million for the same period of the previous year. This was mainly due to changes in trade receivables and the disposals of assets and liabilities held for sale in connection with the sale of the HDR business. Trade receivables increased by €6.3 million in the first three months of 2021, compared with a decrease of € 0.3 million in the same period of the previous year.
Cash flow from investing activities amounted to € 1.3 million, roughly the same amount as in the prior-year period (€ 1.5 million), which was used for the acquisition of non-current assets. In addition, € 0.1 million has been paid to date in 2021 for the investment in a joint venture (previous year: € 0.2 million). The Group received a total of € 10.4 million from the sale of shares in consolidated companies after deduction of the cash transferred on sale; in the previous year, there were no similar sales. In connection with the liquidation of the Americium Consortium LLC joint venture, the Group received repayments of € 0.8 million in the first three months of 2021.
Cash flow from financing activities, including interest payments, totaled € 0.9 million (previous year: € 0.9 million) and was used to repay loan and lease liabilities. In addition, a dividend payment of € 0.3 million was made to minority shareholders in the first quarter of the previous year.
In total, cash and cash equivalents as of March 31, 2021 increased by € 8.3 million compared to the end of 2020 to € 95.8 million.
Although almost half (48%) of the 2021 annual income goal of € 29 million was already achieved in the first quarter, the Executive Board for now sticks to the guidance published in March due to the ongoing pandemic, the travel restrictions that continue to hamper business, and the extended delivery times for preliminary products, for example in plant construction.
In the Annual Report 2020 we described risks that could have a significant adverse impact on our business, net assets, financial position and results of operations, as well as our reputation. The most significant opportunities and the structure of our risk management system were also described.
Additional risks and opportunities of which we are not aware or which we currently consider immaterial could also affect our business. At present, no risks have been identified that individually or in combination with other risks could potentially threaten us moving forward as a going concern.
As of March 31, 2021, the Eckert & Ziegler Group employed 843 people worldwide. Compared to the previous year (December 31, 2020), the number of employees has thus increased slightly.
| Quarterly Report I |
Quarterly Report I |
|
|---|---|---|
| €thousand | 1–3/2021 | 1–3/2020 |
| Revenues | 44,160 | 44,479 |
| Cost of sales | –20,306 | –22,693 |
| Gross profit on sales | 23,854 | 21,786 |
| Selling expenses | –5,922 | –5,895 |
| General and administrative expenses | –6,784 | –6,502 |
| Other operating income | 10,600 | 287 |
| Other operating expenses | –1,610 | –897 |
| Profit from operations | 20,138 | 8,779 |
| Results from shares measured at equity | –265 | 0 |
| Other financial results | 717 | –493 |
| Earnings before interest and taxes (EBIT) | 20,590 | 8,286 |
| Interest received | 61 | 15 |
| Interest paid | –252 | –243 |
| Profit before tax | 20,399 | 8,058 |
| Income tax expense | –6,586 | –2,946 |
| Net income/loss from continuing operations | 13,813 | 5,112 |
| Profit (–)/loss (+) attributable to minority interests | 64 | –89 |
| Profit attributable to the shareholders of Eckert & Ziegler AG | 13,749 | 5,023 |
| Earnings per share | ||
| Basic | 0.67 | 0.24 |
| Diluted | 0.67 | 0.24 |
| Average number of shares in circulation (basic) | 20,590 | 20,590 |
| Average number of shares in circulation (diluted) | 20,590 | 20,590 |
| Quarterly | Quarterly | |
|---|---|---|
| €thousand | Report I 1–3/2021 |
Report I 1–3/2020 |
| Profit for the period | 13,813 | 5,112 |
| of which attributable to shareholders of Eckert & Ziegler AG | 13,749 | 5,023 |
| of which attributable to other shareholders | 64 | 89 |
| Items that could subsequently be reclassified into the income statement if certain conditions are met |
||
| Adjustment of balancing item from the currency translation of foreign subsidiaries |
3,318 | 356 |
| Amount reposted to income statement | –301 | 0 |
| Currency differences from the translation of foreign operations | 3,017 | 356 |
| Items that will not be reclassified to the profit or loss statement in the future |
||
| Profit from equity instruments designated at fair value through other comprehensive income |
–28 | 0 |
| Deferred taxes | 8 | 0 |
| Net profit from equity instruments designated at fair value through other comprehensive income |
–20 | 0 |
| Change in actuarial profits (+)/losses (–) from defined benefit pension commitments |
0 | 0 |
| Deferred taxes | 0 | 0 |
| Net loss from revaluation of defined benefit obligation | 0 | 0 |
| –20 | 0 | |
| Other comprehensive income after taxes | 2,997 | 356 |
| Consolidated comprehensive income | ||
| of which attributable to shareholders of Eckert & Ziegler AG | 16,761 | 5,450 |
| of which attributable to non-controlling interests | 0 | 0 |
| ASSETS Non current assets Goodwill 33,177 32,448 Other intangible assets 9,808 Property, plant and equipment 38,446 Rights of use (IFRS 16) 21,832 Investments in affiliates or joint ventures 16,626 Deferred tax assets 9,268 Other non-current assets 1,088 Total non-current assets 130,245 Current assets Cash and cash equivalents 95,768 87,475 Securities 1,107 1,135 Trade accounts receivable 34,720 28,199 Inventories 37,491 33,574 Income tax receivables 4,053 3,027 Other current assets 5,892 5,452 Non-current assets held for sale and disposal groups 0 13,980 Total current assets 179,031 172,842 Total assets 309,276 EQUITY AND LIABILITIES Shareholder's equity Subscribed capital 21,172 21,172 Capital reserves 54,334 54,188 Retained earnings 97,471 83,722 Other reserves –2,728 –5,740 Own shares –5,519 –5,519 Portion of equity attributable to the shareholders of Eckert & Ziegler AG 164,730 147,823 Minority interests 1,145 1,096 Total shareholders' equity 165,875 148,919 Non-current liabilities Long-term debt 1 2 Long-term lease obligations (IFRS 16) 19,738 17,852 Deferred income from grants and other deferred income 1,717 1,727 Deferred tax liabilities 2,823 2,210 |
€thousand | March 31, 2021 | Dec 31, 2020 |
|---|---|---|---|
| 8,974 | |||
| 38,016 | |||
| 19,845 | |||
| 6,895 | |||
| 11,898 | |||
| 1,085 | |||
| 119,161 | |||
| 292,003 | |||
| Retirement benefit obligations | 14,397 | 14,443 | |
| Other non-current provisions 56,281 |
55,743 | ||
| Other non-current liabilities 1,980 |
1,983 | ||
| Total non-current liabilities 96,937 |
93,960 | ||
| Current liabilities | |||
| Short-term debt 4 |
4 | ||
| Current portion of lease obligations (IFRS 16) 2,710 |
2,545 | ||
| Trade accounts payable 4,847 |
5,020 | ||
| Advance payments received 4,092 |
8,620 | ||
| Deferred income from grants and other deferred income (current) 33 |
38 | ||
| Income tax liabilities 10,051 |
6,899 | ||
| Other current provisions 4,141 |
4,062 | ||
| Other current liabilities 20,586 |
18,672 | ||
| Liabilities directly associated with assets and disposal groups held for sale assets and disposal groups 0 |
3,264 | ||
| Total current liabilities 46,464 |
49,124 | ||
| Total equity and liabilities 309,276 |
292,003 |
| Quarterly Report |
Quarterly Report |
|
|---|---|---|
| €thousand | 1/1 – 3/31/2021 | 1/1 – 3/31/2020 |
| Cash flows from operating activities: | ||
| Profit for the period | 13,813 | 5,112 |
| Adjustments for: | ||
| Depreciation and value impairments | 2,429 | 2,819 |
| Net interest income [interest expense (+)/income (–)] | 191 | 228 |
| Income tax expense | 6,586 | 2,946 |
| Income tax payments | –1,360 | –547 |
| Non-cash release of deferred income from grants | –15 | –20 |
| Gains (–)/losses on the disposal of non-current assets | 0 | 11 |
| Change in the non-current provisions, other non-current liabilities | –286 | 392 |
| Change in other non-current assets and receivables | –1 | –55 |
| Miscellaneous | –15,041 | 732 |
| Changes in current assets and liabilities: | ||
| Receivables | –6,292 | 282 |
| Inventories | –3,969 | –1,914 |
| Accruals, other current assets | 160 | –1,016 |
| Change in the current liabilities and provisions | 2,066 | –4,224 |
| Cash inflows generated from operating activities | –1,719 | 4,746 |
| Cash flows from investing activities: | ||
| Purchase (–)/sale of non-current assets | –1,279 | –1,465 |
| Income from the sale of shares in consolidated companies | 10,380 | 0 |
| Investments in or sales of affiliates | –70 | –181 |
| Income from investments | 834 | 0 |
| Cash inflows/outflows from investment activity | 9,865 | –1,646 |
| Cash flows from financing activities: | ||
| Distribution of shares of third parties | 0 | –346 |
| Outflows for the repayment of loans and lease liabilities | –728 | –698 |
| Interest received | 61 | 0 |
| Interest received vs. interest paid | –215 | –190 |
| Cash outflows from financing activities | –882 | –1,234 |
| Effect of exchange rates on cash and cash equivalents | 1,027 | 55 |
| Increase/reduction in cash and cash equivalents | 8,291 | 1,921 |
| Cash and cash equivalents at beginning of period | 87,475 | 78,922 |
| Cash and cash equivalents at end of period | 95,766 | 80,843 |
| Subscribed capital | Cumulative other equity items | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrealized | Unrealized profit pension |
Foreign currency |
Equity attributable to sharehol |
Group share |
|||||||
| Nominal | Capital | Retained | profit | commit | exchange | Own | ders' | Minority | holders' | ||
| Number | value | reserve | reserves | securities | ments | differences | shares | equity | shares | equity | |
| Piece | €thousand | €thousand | €thousand | €thousand | €thousand | €thousand | €thousand | €thousand | €thousand | €thousand | |
| As of January 1, 2020 | 5,292,983 | 5,293 | 53,763 | 85,468 | 0 | –3,930 | 3,120 | –5,519 | 138,195 | 1,246 | 139,441 |
| Total of expenditures and income directly entered in equity |
0 | 0 | 0 | 0 | 162 | –606 | –4,486 | 0 | –4,930 | –31 | –4,961 |
| Net profit for the year | 0 | 0 | 0 | 22,884 | 0 | 0 | 0 | 0 | 22,884 | 227 | 23,111 |
| Total income for the period | 0 | 0 | 0 | 22,884 | 162 | –606 | –4,486 | 0 | 17,954 | 196 | 18,150 |
| Dividends paid/resolved | 0 | 0 | 0 | –8,751 | 0 | 0 | 0 | 0 | –8,751 | –346 | –9,097 |
| Capital increase/stock split | 15,878,949 | 15,879 | 0 | –15,879 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share-based payment | 0 | 0 | 425 | 0 | 0 | 0 | 0 | 0 | 425 | 0 | 425 |
| As of December 31, 2020 | 21,171,932 | 21,172 | 54,188 | 83,722 | 162 | –4,536 | –1,366 | –5,519 | 147,823 | 1,096 | 148,919 |
| As of January 1, 2021 | 21,171,932 | 21,172 | 54,188 | 83,722 | 162 | –4,536 | –1,366 | –5,519 | 147,823 | 1,096 | 148,919 |
| Total of expenditures and income directly recognized in equity |
0 | 0 | 0 | 0 | –20 | 0 | 3,032 | 0 | 3,012 | –15 | 2,997 |
| Net profit for the year | 0 | 0 | 0 | 13,749 | 0 | 0 | 0 | 0 | 13,749 | 64 | 13,813 |
| Total income for the period | 0 | 0 | 0 | 13,749 | –20 | 0 | 3,032 | 0 | 16,761 | 49 | 16,810 |
| Dividends paid/resolved | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital increase/stock split | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share-based payment | 0 | 0 | 146 | 0 | 0 | 0 | 0 | 0 | 146 | 0 | 146 |
| As of March 31, 2021 | 21,171,932 | 21,172 | 54,334 | 97,471 | 142 | –4,536 | 1,666 | –5,519 | 164,730 | 1,145 | 165,875 |
These interim consolidated financial statements as of March 31, 2021 comprise the financial statements of Eckert & Ziegler Strahlen- und Medizintechnik AG and its subsidiaries (hereinafter also referred to as "Eckert & Ziegler AG").
The interim consolidated financial statements of Eckert & Ziegler AG as of March 31, 2021 have been prepared in accordance with the International Financial Reporting Standards (IFRS) applicable to interim financial reporting. All standards of the International Accounting Standards Board (IASB), London, applicable in the EU on the reporting date, as well as the valid interpretations of the International Financial Interpretations Committee (IFRIC) and the Standing Interpretations Committee (SIC) have been taken into account. The interim financial statements should be read in conjunction with the consolidated financial statements of Eckert & Ziegler AG as of December 31, 2020. The accounting and valuation methods explained in the notes to the 2020 consolidated financial statements have been applied unchanged.
When preparing the consolidated financial statements in accordance with IFRS, it is necessary to make estimates and assumptions that affect the amount and disclosure of recognized assets and liabilities, revenues and expenses. The actual results may differ from those estimates. Key assumptions and estimates are made for useful life, recoverable amounts of intangible assets and property, plant, and equipment, recoverability of receivables and the recognition and measurement of provisions. Due to rounding, individual figures may not add up precisely to the totals provided.
This interim report contains all the necessary information and adjustments required to give a true and fair view of the financial position, performance and cash flows of Eckert & Ziegler AG as at the date of the interim report. The results recorded during the current financial year are not necessarily indicative of future results.
The consolidated financial statements of Eckert & Ziegler AG include all companies in which Eckert & Ziegler AG is able to influence the financial and business policies (control concept), whether directly or indirectly.
Effective January 1, 2021, the Eckert & Ziegler Group sold all its shares in GSG International GmbH, Freienbach, Switzerland and IPS International Processing Services, Halsbrücke, Germany. The two companies jointly handled an order from Switzerland for the reprocessing of components for the purpose of volume-reducing disposal of residual materials containing natural radionuclides. Both companies did not contribute significantly to Group sales and earnings in the previous year.
On March 24, 2021, Eckert & Ziegler BEBIG GmbH sold its tumor radiation equipment (HDR) business to the Chinese company TCL Healthcare Equipment (Shanghai) Co., Ltd. (TCL). In the first step, it sold 51% of the shares in BEBIG Medical GmbH, into which it had previously carved out the HDR business, to TCL.
The HDR business that was carved out generated sales of around € 11 million in the previous year. For the remaining 49% of the shares in BEBIG Medical GmbH, TCL received a call option until the beginning of 2024 and Eckert & Ziegler received a put option to TCL thereafter. The purchase price upon exercise of the purchase option is fixed in accordance with the purchase price provision of the agreement; the purchase price upon exercise of the put option may be higher depending on the development of the EBITDA of BEBIG Medical GmbH.
The financial statements of companies outside the European Economic and Monetary Union are translated based on the ssfunctional currency concept. The following exchange rates were used for currency translation:
| Country | Currency | Exchange rate on 3/31/2021 |
Exchange rate on 12/31/2020 |
Average exchange rate 01/01 – 3/31/2021 |
Average exchange rate 01/01 – 3/31/2020 |
|---|---|---|---|---|---|
| USA | USD | 1.1725 | 1.2271 | 1.2048 | 1.1027 |
| Czech Republic | CZK | 26.1430 | 26.2420 | 26.0702 | 25.6313 |
| UK | GBP | 0.8521 | 0.8990 | 0.8739 | 0.8623 |
| Brazil | BRL | 6.7409 | 6.3735 | 6.5990 | 4.9167 |
| Switzerland | CHF | 1.1070 | 1.0802 | 1.0913 | 1.0668 |
As of March 31, 2021, Eckert & Ziegler AG held 581,956 of its own shares, representing 2.7% of the company's share capital.
| Isotope Products | Medical | Holding | Elimination | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| €thousand | Q1/2021 | Q1/2020 | Q1/2021 | Q1/2020 | Q1/2021 | Q1/2020 | Q1/2021 | Q1/2020 | Q1/2021 | Q1/2020 |
| Sales to external customers |
22,804 | 23,911 | 21,273 | 20,565 | 83 | 3 | 0 | 0 | 44,160 | 44,479 |
| Sales to other segments |
1,158 | 737 | 2 | 36 | 2,041 | 1,827 | –3,201 | –2,600 | 0 | 0 |
| Total segment sales |
23,962 | 24,648 | 21,275 | 20,601 | 2,124 | 1,830 | –3,201 | –2,600 | 44,160 | 44,479 |
| Result from investments valued at equity |
0 | 0 | 0 | 0 | –265 | 0 | 0 | 0 | –265 | 0 |
| Segment profit before interest and profit taxes (EBIT) |
3,666 | 2,436 | 17,317 | 5,557 | –378 | 293 | –16 | 0 | 20,589 | 8,286 |
| Interest expenses and revenues |
–69 | –157 | –76 | –23 | –46 | –48 | 0 | 0 | –191 | –228 |
| Income tax expense |
–997 | –847 | –5,589 | –1,972 | 0 | –128 | 0 | 0 | –6,586 | –2,946 |
| Profit before minority interests |
2,600 | 1,433 | 11,652 | 3,562 | –424 | 118 | –15 | 0 | 13,813 | 5,114 |
| Isotope Products | Medical | Holding | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| €thousand | Q1/2021 | Q1/2020 | Q1/2021 | Q1/2020 | Q1/2021 | Q1/2020 | Q1/2021 | Q1/2020 | |
| Segmental assets | 166,551 | 160,448 | 136,927 | 112,846 | 122,291 | 122,447 | 425,769 | 395,741 | |
| Elimination of inter-segmental shares, equity investments and receivables |
–116,493 | –103,738 | |||||||
| Consolidated total assets | 309,276 | 292,003 | |||||||
| Segmental liabilities | –91,061 | –88,617 | –65,218 | –63,108 | –7,572 | –7,550 | –163,851 | –159,275 | |
| Elimination of intersegmental liabilities | 20,450 | 16,191 | |||||||
| Consolidated liabilities | –143,401 | –143,084 | |||||||
| Investments in associated companies | 3,305 | 4,089 | 11,536 | 756 | 1,785 | 2,050 | 16,626 | 6,895 | |
| Investments (without acquisitions) | 890 | 806 | 322 | 425 | 67 | 234 | 1,279 | 1,465 | |
| Depreciation and amortization incl. RoU according to IFRS 16 |
–1,317 | –1,387 | –819 | –1,203 | –294 | –229 | –2,430 | –2,819 | |
| Impairments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
With regard to material transactions with related parties, we refer to the disclosures in the consolidated financial statements for the year ended December 31, 2020.
To the best of our knowledge, and in accordance with the applicable reporting principles for interim reporting, we hereby certify that the consolidated interim financial statements give a true and fair view of the financial position, performance and cash flows of the Group, and the group interim management report includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group for the remaining months of the current financial year.
Berlin, May 17, 2021
Chairman of the Executive Board Member of the Executive Board Member of the Executive Board
Dr Andreas Eckert Dr Harald Hasselmann Dr Lutz Helmke
| May 17, 2021 | Quarterly Report i/2021 |
|---|---|
| May 27, 2021 | Goldman Sachs Conference, UK (virtual) |
| June 2, 2021 | Annual General Meeting (virtual) |
| August 12, 2021 | Quarterly Report ii/2021 |
| November 9, 2021 | Quarterly Report iii/2021 |
| Subject to changes |
Eckert & Ziegler Strahlen- und Medizintechnik AG
Ligaturas – Reportdesign, Hamburg, Germany
Eckert & Ziegler Archiv Bernhard Ludewig Nils Hendrik Müller
Eckert & Ziegler Strahlen- und Medizintechnik AG
Robert-Rössle-Straße 10 13125 Berlin, Germany www.ezag.com
Karolin Riehle Investor Relations
Phone + 49 30 94 10 84 – 0 Fax + 49 30 94 10 84 – 112 [email protected]
ISIN DE0005659700 WKN 565970
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