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130_10-q_2009-11-03_71ea2f20-b938-48b3-93d6-2003f3ea2a4c.pdf

Quarterly Report

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Q1-3/2009 Q1-3/2008 Change
Sales Million EUR 77.8 51.5 51%
Return on revenue before tax (operational) % 13% 11% 15%
EBITDA Million EUR 16.1 2 1.1 not comparable
EBIT Million EUR 10.8 14.9 not comparable
EBT Million EUR 9.8 14.3 not comparable
EBT (operational) Million EUR 9.8 5.6 74%
Net income/loss before other shareholders' interests Million EUR 8.0 9.3 not comparable
Profit Million EUR 5.3 11.0 not comparable
Earnings per share (basic) EUR 1.44 3.51 not comparable
Earnings per share (operational, basic) EUR 1.44 0.94 54%
Operational cash flow Million EUR 12.0 0.8 >100%
Depreciation and amortization on non-current assets Million EUR 5.3 6.1 -14%
Staff as of September 30 Persons 519 419 2 4%

Cover page:

The awarding of the EANM Eckert & Ziegler Abstract Award to five aspiring young scientists on the occasion of the annual congress of the European Association of Nuclear Medicine (EANM) in Barcelona.

The 100th MultiSource® Co-60 HDR (High Dose Rate) cancer irradiation device was supplied to Thailand.

Disclaimer:

The official version of this quarterly report is in German. The English translation is provided as a convenience to our shareholders. While we strive to provide an accurate and readable version of our quarterly report in English, the technical nature of a quarterly report often yields awkward phrases and sentences. We understand this can cause confusion. So, please always refer to the German quarterly report for the authoritative version.

Business development of the Eckert & Ziegler Group

Revenue growth

In the first nine months of 2009, the Eckert & Ziegler Group set new records with sales of EUR 78 million and Group profits of EUR 5.3 million, thus far exceeding the existing operative records. Compared with last year's period, sales increased by EUR 26 million, or 51%. Compared with the same nine-month period in the previous year, the profit after tax and minority interests increased by EUR 2.4 million, or 79%, if the special effect resulting from the IBt consolidation in that period is excluded. The profit per share for the three quarters of 2009 taken together equals EUR 1.44.

This enormous success is based on the very positive figures from all three operative segments. Sales in the therapy segment have increased by 26%, or approx. EUR 5 million. The drivers of growth were above all the tumor irradiation equipment, sales of which increased by 55%, or about EUR 2 million, due in particular to increased sales to eastern Europe. The first sales from the Russian project amounting to about EUR 3 million were already included in the second quarter of 2009. International Brachytherapy s.a. (IBt), an associated company of Eckert & Ziegler, had in the first half of the year set up a joint venture with a Russian state fund corporation to manufacture prostate cancer implants in Russia, and had begun supplying plant and equipment.

In the Nuclear Medicine and Industry segment, sales have almost doubled from EUR 22.2 million to EUR 39.6 million. This resulted from the combined effects of including the Nuclitec sales, the increased sales of robust drill hole sources, and a USD exchange rate improvement of 6%.

Despite the loss of sales in Italy, the Radiopharmaceuticals segment grew by 38%. The two main product categories, Modular-Lab and diagnostics for positron emission tomography (PET), continued their uninterrupted growth trend from the previous quarters. Added to this were Nuclitec's aurigamedical sales.

Earnings position

The Therapy segment is turning into an earnings machine. Last year's restructuring costs had a detrimental effect, resulting in only a very modest profit. Now, however, this highly profitable operational business is making a decisive contribution to increasing Group profits. In addition, the start-up of the Russian project already provided additional profits in the second quarter.

The Nuclear Medicine and Industry segment was still the main sources of revenues, just as in previous periods. Sales have increased by 79%. Approximately a third of that, i.e. 25% growth, can be seen in profits after tax and minority interests, which have increased by EUR 0.9 million compared with the same period last year and which now stand at EUR 4.3 million. The results also show that Nuclitec had been integrated successfully and was likewise turning in profits.

The Radiopharmaceuticals segment continues to make a profit despite high launch costs for introducing new products. Gains from the deconsolidation of the Italian stake further increased profits.

The Other segment includes the costs of the holding company which was faced with high lawyer fees in connection with the IBt lawsuit during the current financial year.

The brief segment statistics on the following page (in thousands of euros) illustrate the sources of turnover and profit.

Liquidity

The superlative key figure of the first nine months of 2009 is the operative cash flow of EUR 12.0 million, which also sets a new record. Although earnings for the period declined compared to the previous quarters, the operating cash flow continued to increase, and amounts to EUR 5.5 million in the third quarter of 2009 alone.

External turnover (in TEUR)

Therapy Nuclear Radio- Other Total (IBt) Medicine and pharma-Industry ceuticals External turnover Q1-3/2008 18,916 22,164 10,374 0 51,454 Q1-3/2009 23,877 39,631 14,319 0 77,827 Profit after tax Q1-3/2008 477 3,672 -634 35 3,550 Q1-3/2009 4,038 4,492 148 -660 8,018 Net profit ratio in % Q1-3/2008 3% 17% -6% 7% Q1-3/2009 17% 11% 1% 10% Turnover growth absolute +4,961 +17,467 +3,945 +26,373 in % +26% +79% +38% +51% Profit growth absolute +3,561 +820 +782 +4,468 in % +747% +22% +126%

As each segment has different minority interests, profit after tax was used as a reference. The figures for 2008 have been adjusted to compensate for the special effects of the IBt consolidation.

A comparison with the first three quarters of 2008 is not very informative because in the comparison period the non-cash effects were dominant, but only a slight operational cash inflow was posted. This is in stark contrast to 2009, where the cash flow from business activities is above the profit figure for the period, which itself is very high.

The main reason for this success lies in the fact that, despite the huge increase in sales, receivables were able to be reduced once the payment of the first Russian project turnover, which was only made in October, is disregarded. Inventories were also able to be reduced. Only the reduction of accounts payable led to liquidity outflows.

The investments of EUR 8.2 million for the Nuclitec shares, less the cash reserves, and in property, plant and equipment were largely financed by the capital increase and by taking out loans totaling EUR 5.1 million. This means that the cash gain from the operative capital flow of EUR 12.0 million was reduced by a total of EUR 3.1 million from investments and financing. The dividend payment of EUR 1.1 million is also to be deducted, as well as the change due to the purchase/issue of EUR 0.2 million own shares. Overall, the cash reserves increased by EUR 7.5 million to EUR 14.8 million on September 30, 2009.

Research and development

Work in the Therapy segment concentrated on the development of a complete plant for the production of prostate cancer implants for Russia. The specification was finalized for most of the plant's modules, and the actual development phase was begun.

The range of accessories for the cancer irradiation devices was expanded with improved applicators for use in treating breast cancer and new Fletcher applicators for use in gynecology.

In the Radiopharmaceuticals and the Nuclear Medicine and Industry segments, the focus was on the ongoing further development of existing product lines.

Staff

As of September 30, 2009, the Eckert & Ziegler Group had 348 employees in Germany, and a total of 519 employees worldwide. Compared with the end of 2008, the number of staff increased by 110 (December 31, 2008: 409). This increase is mainly due to the inclusion of the Nuclitec companies.

Outlook

The sales target for the 2009 financial year is EUR 100 million. The Executive Board is maintaining its profits forecast of EUR 6.6 million (EUR 1.80 per share), although this figure does not include any special effects of the whole or partial reversal of provisions in connection with the legal dispute regarding IBt (EUR 7.1 million).

Profit after tax (in TEUR)

3/2009

Milestones

■ The 628,633 shares from the increase in capital decided upon in January 2009 were authorized for trading in the regulated market (Prime Standard) of the Frankfurt stock exchange.

■ International Brachytherapy S.A. (IBt), an associated company of Eckert & Ziegler AG, has supplied the 100th MultiSource® Co-60 HDR (High Dose Rate) cancer irradiation device. The Vajira Hospital in Bangkok, Thailand will use it principally to treat tumors of the uterus, breast and esophagus.

■ Eckert & Ziegler awarded the EANM Eckert & Ziegler Abstract Award to five nuclear medicine researchers for their outstanding scientific work. The award ceremony took place at the annual congress of the European Association of Nuclear Medicine in Barcelona.

Photos (from top to bottom):

MultiSource® applicator for brachytherapy treatment of gynecologic tumors.

The Vajira Hospital in Bangkok will use the MultiSource® cancer irradiation device principally to treat tumors of the uterus, breast and esophagus.

This year's EANM Eckert & Ziegler Abstract Award was awarded to nuclear medicine researchers for their outstanding work in the fields of cancer diagnostics and therapies.

Quarterly Report Quarterly Report 9-monthly Report 9-monthly Report
III/2009 III/2008
07-09/2009 07-09/2008 01-09/2009 01-09/2008
TEUR TEUR TEUR TEUR
Net sales 25,474 18,640 77,827 51,454
Cost of sales -12,710 -10,835 -37,454 -29,305
Gross profit on sales 12,764 7,805 40,373 22 ,149
Selling expenses -4,075 -3,532 -14,023 -9,976
General and administrative expenses -4,975 -3,446 -14,484 -9,871
Research and non-capitalized development expenses -782 -1,337 -1,725 -3,409
Other operating income 205 1,235 878 2,631
Other operating expenses -29 -643 -256 -729
Profit from operations 3,108 82 10,763 795
Other financial items -137 352 56 14,142
Earnings before interest and taxes (EBIT) 2,971 434 10,819 14,937
Interest received 10 55 40 97
Interest paid -345 -198 -1,068 -702
Profit before tax 2,636 291 9,791 14,332
Income tax expense -429 -824 -1,773 -5,003
Profit from continuing operations 2,207 -533 8,018 9,329
Profit from discontinued operations, net - - 97 -
Net income 2,207 -533 8,115 9,329
Profit/loss attributable to minority interests -853 2,184 -2,796 1,698
Dividend to shareholders of Eckert & Ziegler AG 1,354 1,651 5,319 11,027
Earnings per share
Basic 0.36 0.53 1.44 3.51
Diluted 0.36 0.52 1.44 3.49
Average number of shares in circulation (basic) 3,751 3,143 3,686 3,143
Average number of shares in circulation (diluted) 3,771 3,161 3,700 3,161
9-monthly Report 9-monthly Report
01-09/2009 01-09/2008
TEUR TEUR
Cash flows from operating activities:
Profit for the period 8,116 9,329
Adjustments for:
Depreciation and amortization 5,268 6,132
Proceeds from grants less release of deferred income from grants 45 -403
Deferred tax -410 2,655
Unrealized foreign currency gains/losses -51 -841
Long-term provisions, other non-current liabilities 394 -1,002
Gains/losses on the sale of consolidated companies - -13,985
Gains/losses on the disposal of non-current assets 49 -
Gains/losses on the sale of securities - -77
Other -54 33
Changes in current assets and liabilities:
Receivables -487 -456
Inventories 613 -535
Prepaid expenses, other current assets -176 -287
Trade accounts payable and accounts payable to related parties -1,680 -562
Income tax liabilities -1,174 486
Other liabilities 1,525 351
Cash inflows generated from operating activities 11,978 838
Cash flows from investment activities:
Purchase/sale of non-current assets -4,007 -5,714
Acquisition of consolidated companies -4,320 2,179
Purchase/sale of shareholdings 28 40
Purchase/sale of securities 101 690
Cash inflows/outflows from investment activities -8,198 -2,805
Cash flows from financing activities:
Dividends paid -1,132 -786
Cash inflow from capital increase 2,959 -
Change in long-term borrowings 5,427 3,758
Change in short-term borrowings -3,295 712
Acquisition of own shares -431 -
Own shares used for share options or acquisitions 218 -
Cash inflows/outflows from financing activities 3,746 3,684
Effect of exchange rates on cash and cash equivalents -66 54
Increase (reduction) in cash and cash equivalents 7,460 1,771
Cash and cash equivalents at beginning of period 7,311 4,375
Cash and cash equivalents at end of period 14,771 6,146
Sep. 30, 2009
Dec. 31, 2008
TEUR
TEUR
ASSETS
Non-current assets
Intangible assets
46,269
38,726
Property, plant and equipment
2
7,422 2
3,807
Equity investments
-
278
Deferred tax
2,001
1,210
Other assets
1,027
1,118
Total non-current assets
76,719
65,139
Current assets
Cash and cash equivalents
14,771
7,311
Securities
236
332
Trade accounts receivable
18,388
13,985
Inventories
12,532
8,555
Other assets
2,984
2,464
Assets held for disposal
-
1,012
Total current assets
48,911
33,659
Total assets
125,630
98,798
EQUITY AND LIABILITIES
Shareholders' equity
Subscibed capital
3,910
3,250
Capital reserves
33,256
30,316
Retained earnings
14,702
10,946
Other reserves
-3,736
-3,297
Own shares
-787
-359
Equity due to the shareholders of Eckert & Ziegler AG
47,345
40,856
Minority interests
4,264
1,964
Total shareholders' equity
51,609
42,820
Non-current liabilities
Long-term borrowings and finance lease obligations
17,324
10,761
Deferred income from grants and other deferred income
1,458
1,416
Deferred tax
1,660
1,147
Retirement benefit obligations
5,421
420
Other provisions
2
3,815
15,969
Other liabilities
584
529
Total non-current liabilities
50,262
30,242
Current liabilities
Short-term borrowings and finance lease obligations
3,527
7,751
Trade accounts payable
3,823
4,286
Advance payments received
2,202
1,002
Deferred income from grants and other deferred income
374
371
Current tax payable
486
916
Other liabilities
13,347
10,285
Liabilities held for disposal
-
1,125
Total current liabilities
2
3,759 2
5,736
Total equity and liabilities
125,630
98,798
Balance December 31, 2008 3,250,000 3,250 30,316 10,946 7 -3,304 -359 40,856 1,964 42,820
Provisions offset by own shares 566 566 566
Purchase of minority interests 0 3,179 3,179
Dividends paid -786 -786 -104 -890
Total income for the period 0 0 0 4,502 -35 472 0 4,939 -1,465 3,474
Profit of the year 4,502 4,502 -1,465 3,037
Total of expenditures and income
directly entered in equity
0 0 0 0 -35 472 0 437 0 437
Reversal of unrealized
gains/losses on securities at
previous balance sheet date
-42 -42 -42
Unrealized gains/losses on
securities at balance sheet date
(after tax of EUR 3 thousand)
7 7 7
Foreign currency
translation differences
472 472 472
Balance January 1, 2008 3,250,000 3,250 2 9,750 7,230 42 -3,776 -359 36,137 354 36,491
TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR
Shares value reserve earnings securities differences shares shareholders shares equity
Nominal Capital Retained gains/losses on exchange Own attributable to Minotity holders'
Subscribed capital Unrealized Foreign currency Equity share
Cumulative other equity items Group
Cumulative other equity items Group
Subscribed capital Unrealized Foreign currency Equity share
Nominal Capital Retained gains/losses on exchange Own attributable to Minotity holders'
Shares value reserve earnings securities differences shares shareholders shares equity
TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR
Balance January 1, 2009 3,250,000 3,250 30,316 10,946 7 -3,304 -359 40,856 1,964 42,820
Foreign currency
translation differences
-443 -443 -443
Unrealized gains/losses on
securities at balance sheet date
(after tax of EUR 5 thousand) 11 11 11
Reversal of unrealized
gains/losses on securities at
previous balance sheet date
-7 -7 -7
Total of expenditures and income
directly entered in equity 0 0 0 0 4 -443 0 -439 0 -439
Profit of the year 5,320 5,320 2 ,796 8,116
Total income for the period 0 0 0 5,320 4 -443 0 4,881 2 ,796 7,677
Dividends paid -1,132 -1,132 0 -1,132
Purchase and sale
of minority interests
0 -496 -496
Application of own shares
for acquisitions and
to service share options 31,650 32 177 4 2 13 2 13
Acquisition or own shares 432 -432 -432 -432 -432
Capital increase 628,633 629 2 ,330 2 ,959 2 ,959
Balance September 30, 2009 3,910,283 3,910 33,256 14,702 11 -3,747 -787 47,345 4,264 51,609
Nuclear Medicine
and Industry
Radio
Therapy
pharmaceuticals
Other Elimination Total
01-09
2009
01-09
2008
01-09
2009
01-09
2008
01-09
2009
01-09
2008
01-09
2009
01-09
2008
01-09
2009
01-09
2008
01-09
2009
01-09
2008
TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR
Sales to external customers 39,631 22 ,164 2 3,877 18,916 14,319 10,374 0 0 0 0 77,827 51,454
Sales to other segments 392 191 2 81 1,545 2 9 60 762 1,068 -1,464 -2,864 0 0
Total segmental sales 40,023 22 ,355 2 4,158 2 0,461 14,348 10,434 762 1,068 -1,464 -2,864 77,827 51,454
Segment profit
before interest and profit taxes (EBIT) 7,022 5,730 4,485 -3,877 872 -236 -1,549 13,329 -11 -9 10,819 14,937
Interest yield and paid -416 -312 -464 -305 -749 -726 590 729 11 9 -1,028 -605
Income tax expense -2,114 -1,746 17 -352 2 5 -1,640 2 99 -1,265 -1,773 -5,003
Profit before minority interests 4,492 3,672 4,038 -4,534 148 -2,602 -660 12,793 8,018 9,329
Special effects before minority interests 0 0 0 -5,011 0 -1,968 0 12,758 0 5,779
Profit before minority interests
without special effects 4,492 3,672 4,038 477 148 -634 -660 35 8,018 3,550
Nuclear Medicine Radio-
and Industry Therapy pharmaceuticals Other Total
2 01-09
009
01-09
2008
01-09
2009
01-09
2008
01-09
2009
01-09
2008
01-09
2009
01-09
2008
01-09
2009
01-09
2008
TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR
Segmental assets 60,593 31,152 45,728 43,903 18,240 16,577 76,997 51,891 2 01,558 143,523
Elimination of inter-segmental shares, equity
investments and receivables
-77,928 -58,521
Deferred tax assets
2
,001 8,961
Consolidated total assets 125,631 93,963
Segmental liabilities -32,924 -13,597 -20,987 -17,308 -20,803 -19,078 -26,743 -5,662 -101,457 -55,645
Elimination of inter-segmental liabilities 2 9,095 17,282
Deferred tax liabilities -1,660 -2,134
Consolidated liabilities -74,022 -40,497
Investments 1,052 3,679 1,277 1,263 1,675 750 3 22 4,007 5,714
Depreciations (without non-scheduled depreciations) -1,695 -743 -1,956 -2,333 -1,469 -1,159 -148 -143 -5,268 -4,378
Non cash income/expenses -62 2 59 113 1,760 -237 -1,735 2 13 13,336 2 7 13,620
Sales by geographic areas Jan.–Sep. 2009 Jan.–Sep. 2008
Million EUR % Million EUR %
Europe 48.3 62 31.3 60
North America 21.0 27 15.2 30
Asia/Pacific 7.8 10 4.0 8
Other 0.7 1 1.0 2
Total 77.8 100 51.5 100

1. General information

These unaudited interim consolidated financial statements as of September 30, 2009 comprise the financial statements of Eckert & Ziegler Strahlen- und Medizintechnik AG and its subsidiaries (also referred to hereinafter as "Eckert & Ziegler AG").

2. Accounting and valuation methods

The consolidated financial statements (interim financial statements) of Eckert & Ziegler AG as of September 30, 2009, have been prepared, like the annual financial statements for 2008, in accordance with the International Financial Reporting Standards (IFRS). All of the standards of the London-based International Accounting Standards Board (IASB) which were applicable in the EU on the balance sheet date, as well as the relevant interpretations of the International Financial Reporting Interpretations Committee (IFRIC) and the Standing Interpretations Committee (SIC), have been observed. The accounting and valuation methods described in the appendix to the annual financial statements for 2008 have been applied unchanged. For the preparation of the consolidated financial statements in compliance with the IFRS, it is necessary for estimates and assumptions to be made that impact on the amount and disclosure of recognized asset values and liabilities, income and expenditures. The actual values may differ from the estimates. Significant assumptions and estimates are made concerning useful lives, earnings attainable from goodwill and non-current assets, the realizability of receivables, and the recognition and measurement of provisions. This interim report contains all of the necessary information and adjustments required to produce a picture which reflects the actual circumstances in respect of the assets, financial situation and earnings position of Eckert & Ziegler AG at the time the interim report was produced. The earnings achieved during the course of the current fiscal year do not necessarily allow conclusions to be drawn about the development of future earnings.

3. Companies included in the consolidation

In the consolidated financial statements of Eckert & Ziegler AG, all companies are included where Eckert & Ziegler AG, either indirectly or directly, is able to determine the financial and business policies (control concept).

Company acquisitions and disposals

On January 23, 2009, Eckert & Ziegler AG exercised the purchase option it obtained in December 2008 and purchased all the shares in nuclitec GmbH in Braunschweig, its American subsidiary nuclitec Inc., and the French sister company nuclitec s.a.r.l. The purchase price for the shares amounted to EUR 6,859,000. The ancillary purchase costs amount to EUR 35,000. At the time of publishing this interim financial report, the data gathering required for identifying and evaluating the asset values, debts and potential debts was not yet complete. For this reason, the initial accounting for the acquisition of the company could only be carried out provisionally in accordance with IAS 3.62 at the end of the interim financial statement period.

The acquisition of nuclitec GmbH and its American subsidiary, nuclitec Inc., will be recorded on the balance sheet in this interim financial statement with the following provisional figures:

Book values Fair value*
TEUR TEUR
Non-current assets 5,636 9,709
Current assets 11,329 11,329
Non-current debts -14,080 -15,366
Current debts -4,076 -4,076
Net assets -1,191 1,596
Acquisition costs 6,158
Goodwill 4,562

* The calculation of the fair values of the assets and debts is not yet completed. Therefore provisional values have been used in accordance with IFRS 3.62.

The acquisition of nuclitec s.a.r.l. will be recorded on the balance sheet in this interim financial statement with the following provisional figures:

Book values Fair value*
TEUR TEUR
Non-curent assets 2 2
Current assets 1,057 1,057
Non-current debts -398 -398
Current debts -287 -287
Net assets 374 374
Acquisition costs 736
Goodwill 362

* The calculation of the fair values of the assets and debts is not yet completed. Therefore provisional values have been used in accordance with IFRS 3.62.

In March 2009, Eckert & Ziegler AG sold its Milan subsidiary Eckert & Ziegler f-con Pharma Italia s.r.l. (FCI) to the Italian company A.C.O.M. – Advanced Center Oncology Macerata SPA. The deconsolidation of FCI resulted in non-cash revenue of EUR 97,000 in the present interim financial statement.

4. Limited comparability of group financial statements with the previous year

In 2008, Eckert & Ziegler AG invested the Therapy segment business in IBt S.A., Seneffe (Belgium) and, in return for this, received 38.5% of the ordinary shares (which equates to 29.9% of the voting shares) in IBt S.A. arising from a capital increase and the loan-related claims. In June 2008, Eckert & Ziegler BEBIG GmbH took over the implants manufacturer Isotron

Isotopentechnik GmbH. In January 2009 the shares of the companies nuclitec GmbH, nuclitec s.a.r.l. and nuclitec Inc. were purchased. In the first quarter of 2009 the shares in Eckert & Ziegler f-con Pharma Italia s.r.l. were sold.

Compared with the first nine months of 2008, this has impacted substantially on the financial situation and earnings position of the Group, which means that it is difficult to compare the Group report with the previous year's report.

5. Currency translation

The financial statements for the companies outside the European Monetary Union are translated based on the concept of functional currency. The following exchange rates were used for the currency translation: See table below

6. Portfolio of own shares

As of September 30, 2009, Eckert & Ziegler AG held 140,916 own shares. This equates to a share of 3.6% of the Company's nominal capital.

7. Substantial transactions with affiliated persons

In respect of the substantial transactions with affiliated persons, we refer to the publications made in the consolidated financial statements dated December 31, 2008.

Country Currency Exchange rate
on Sep. 30, 2009
Exchange rate
on Dec. 31, 2008
Average rate:
Jan. 1 - Sep. 30,
2009
Average rate:
Jan. 1 - Sep. 30,
2008
USA USD 1.4592 1.4097 1.3606 1.4398
Czech Rebublic CZK 25.2204 2 6.6426 2 6.9679 2 4.6554
Great Britain GBP 0.9166 0.974 0.8872 n.a.
Sweden SEK 10.2247 10.9861 10.7215 n.a.

8. Events of special significance

Eckert & Ziegler Strahlen- und Medizintechnik AG has been commissioned to produce an innovative cancer medication for the American drug developer Molecular Insight Pharmaceuticals (NASDAQ: MIPI) based in Cambridge, MA. Under the terms of the agreement signed on October 21, 2009, Eckert & Ziegler will set up a new production plant for this purpose over the next few years at its Braunschweig location with financial support from MIPI. The compound Onalta® is a novel radiotherapeutic product candidate under development for the treatment of neuroendocrine tumors. The production plants will be used both for the manufacture of test batches for clinical development and, later, for the manufacture of the approved radiopharmaceuticals.

Berlin, November 3, 2009

Dr. Andreas Eckert Chief Executive Officer

Dr. Edgar Löffler Executive Board Member

Dr. André Heß Executive Board Member

Financial Calendar

November 03, 2009 Quarterly Report III/2009

November 11, 2009 German Equity Forum in Frankfurt

March 30, 2010 Annual Report 2009

March 30, 2010 Balance Press Conference in Berlin

May 04, 2010 Quarterly Report I/2010

May 20, 2010 Annual General Meeting in Berlin

August 03, 2010 Quarterly Report II/2010

November 02, 2010 Quarterly Report III/2010

November 2010 German Equity Forum in Frankfurt

Contact

Eckert & Ziegler Strahlen- und Medizintechnik AG

Karolin Riehle Investor Relations

Robert-Rössle-Str. 10 13125 Berlin www.ezag.com

Telephone+49 (0) 30 94 10 84 - 0 Telefax +49 (0) 30 94 10 84 - 112 E-Mail [email protected]

ISIN DE000565970 ISIN DE000A0L1L69 WKN 565970

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