AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

130_10-q_2009-08-05_abe71a33-a0bf-4cc4-a853-cee1354ca309.pdf

Quarterly Report

Open in Viewer

Opens in native device viewer

Q1-2/2009 Q1-2/2008 Change
Sales Million EUR 52.4 32.8 60%
Return on revenue before tax (operational) % 14% 11% 2 7%
EBITDA Million EUR 11.3 18.3 Not comparable
EBIT Million EUR 7.8 14.5 Not comparable
EBT Million EUR 7.2 14.0 Not comparable
EBT (operational) Million EUR 7.2 3.5 >100%
Net income/loss before other shareholders' interests Million EUR 5.8 9.9 Not comparable
Profit Million EUR 4.0 9.4 Not comparable
Earnings per share (basic) EUR 1.08 2 .98 Not comparable
Earnings per share (operational, basic) EUR 1.08 0.57 90%
Operational cash flow Million EUR 6.5 2,1 >100%
Depreciation and amortization on non-current assets Million EUR 3.5 3.8 -9%
Staff as of June 30 Persons 524 444 18%

Cover page:

International Brachytherapy s.a. (IBt) and a Russian state fund corporation set up a joint venture to manufacture prostate cancer implants in Russia.

Ruthenium eye applicators for eye cancer treatment

Photos page 5:

The Eckert & Ziegler-associated company IBt Bebig sets up a joint venture with the Russian state fund corporation Rusnanotech Corp. and local partners to supply Russian prostate cancer patients with therapeutic implants.

On May 20, 2009, the Annual General Meeting of Eckert & Ziegler AG decides to issue a dividend of EUR 0.30 per share.

Implantation of weak radioactive seeds in the prostate

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 half of 2009, the Eckert & Ziegler Group set new records with sales of EUR 52 million and Group profits of EUR 4 million, thus far exceeding the existing operative records. Compared with last year's period, sales increased by EUR 20 million, or 60%. Compared with the 1st half of 2008, the profit after tax and minority interests more than doubled when the special effect resulting from the IBt consolidation is excluded. Earnings per share of EUR 1.08 were posted in the first half of the year.

This enormous success is based on the very positive figures from all three operative segments. Sales in the Therapy segment rose by 41%. Tumor radiation equipment was the main driving force behind this growth – sales to Eastern Europe, in particular, have increased, bringing turnover to more than twice what it was last year. The second quarter of 2009 also includes the first turnover from the Russian project. International Brachytherapy s.a. (IBt), an associated company of Eckert & Ziegler AG, had recently set up a joint venture with a Russian state fund corporation to manufacture prostate cancer implants in Russia and has now begun supplying plants and equipment.

In the Nuclear Imaging and Industry segment, sales almost doubled from EUR 14.4 million to EUR 26.3 million. This resulted from the combined effects of the inclusion of Nuclitec sales, increased sales in robust drill hole sources, and a USD exchange rate improvement of 13%.

Despite the loss of sales in Italy, the Radiopharmaceuticals segment grew by 42%. The two main product categories, Modular-Lab and diagnostics for positron emission tomography (PET), continued their growth trend from the previous quarters. Added to this were Nuclitec's initial 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 significant contribution to increasing Group profits. Furthermore, the new Russian project already increased profits in the second quarter and is expected to increase them further in the second half of the year.

The Nuclear Imaging and Industry segment was still the main source of sales, just as in previous periods. Sales have increased by 83%. Approximately half of that, i.e. 41% growth, can be seen in profits after tax, which have increased by EUR 0.9 million compared with the same period last year and which now stand at EUR 3.2 million. Profits show that Nuclitec has been integrated successfully and is already a profitable factor.

The Radiopharmaceuticals segment continues to make a profit despite high launch costs for new products. Small 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 following brief segment statistics (in TEUR) illustrate the sources of turnover and earnings.

(in TEUR)14,401 26,335

External turnover

n 1st half-year 2009

Profit after tax (in TEUR)

Therapy
(IBt)
Nuclear
Medicine and
Industry
Radio-
pharma
ceuticals
Other Total
External turnover 1st half-year 2008 11,604 14,401 6,809 0 32,814
1st half-year 2009 16,318 2 6,335 9,700 0 52,353
Profit after tax 1st half-year 2008 411 2 ,289 -392 -19 2 ,289
1st half-year 2009 2 ,853 3,227 161 -430 5,811
Net profit ratio in % 1st half-year 2008 4% 16% -6% 7%
1st half-year 2009 17% 12% 2 % 11%
Turnover growth absolute +4,713 +11,934 +2,891 +19,538
in % +41% +83% +42% +60%
Profit growth absolute +2,442 +939 +553 +3,523
in % +594% +41% +154%

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.

Liquidity

The superlative key figure of the first half of 2009 is the operative cash flow of EUR 6.5 million, which also set a new record. Development in the first quarter of 2009, when the figure was approximately half at EUR 3.4 million, continued in a linear fashion. This means that the operative cash flow has more than tripled when compared with the first half of last year. We are also pleased that cash inflow from business activities is once again above the profit figure for the period, which itself is very high.

The main reason for this success is that this enormous increase in turnover did not result in an increase in receivables once the contractually agreed third-quarter payments of the first Russian project turnover are disregarded.

The investments of EUR 7.3 million in 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 of a total of EUR 6.3 million. This means that the cash gain from the operative capital flow of EUR 6.5 million was reduced by EUR 1 million. Dividend payments of EUR 1.1 million must also be deducted, resulting in an increase in cash reserves of EUR 4.4 million to EUR 11.7 million on June 30, 2009.

Research and development

In the Therapy segment, a range of improvement measures for the production of ruthenium eye applicators were drawn up, tested and implemented to reduce both reject rates and production time per applicator.

For cancer radiation equipment, new sterilized applicator packaging optimized to meet customer wishes was produced, as was a new set of plastic needles and flexible catheters.

Capacity was increased to meet greater demand for production lines in low radioactive prostate seeds. Complete system modules can now be built, tested and validated in new premises.

In the Radiopharmaceuticals segment, the validation – which started last quarter – of the new Pharmtracer synthesis module for the production of radiopharmaceuticals using sterile disposable cassettes was successfully extended to the nuclides 90Y, 177Lu and 111In. This means that, as well as cassettes for producing radiodiagnostics (such as the 68Ga Dotatoc), cassettes for radiotherapy (e.g. the 90Y Dotatate) are available too. The cassettes can simply be changed to allow these to be produced on the same equipment. Cassettes for other syntheses with nuclides such as 18F and 11C with diverse tracers for diagnosis using positron emission tomography (PET) are currently being developed and validated.

Staff

As of June 30, 2009, the Eckert & Ziegler Group had 349 employees in Germany, and a total of 524 employees worldwide. Compared with the end of 2008, the number of staff increased by 115 (December 31, 2008: 409). This increase is mainly due to the inclusion of the Nuclitec companies.

Outlook

For the financial year 2009, the target for sales is EUR 100 million. The Executive Board recently increased the forecast of profit from EUR 4.0 million (EUR 1.10 per share) to EUR 6.6 million (EUR 1.80 per share), although this figure does not include any whole or partial reversal of provisions in connection with the legal dispute regarding IBt (EUR 7.1 million).

Milestones

2

/2009

■ The Belgian associated company IBt Bebig signs a contract with the Russian state fund corporation Rusnanotech Corp. and the distribution company Santis Ltd. to construct a shared production location for medical products to be used in the treatment of prostate cancer in the Russian Federation.

■ The Annual General Meeting decides to pay a dividend of EUR 0.30 per share for the 2008 financial year.

■ Eckert & Ziegler launches a buy-back program with a purchase limit of 282,278 shares.

■ At the Christie Hospital in Manchester, the 1,000th prostate cancer patient is treated with IBt Bebig's iodine-125 permanent implant. The clinic operates the United Kingdom's largest prostate cancer program and is one of Europe's leading cancer centers.

■ The American subsidiary Eckert & Ziegler Isotope Products Inc. receives a certificate of recognition as "good corporate citizens" for the year 2008 from the Sanitation Districts of Los Angeles County for complying consistently with all their industrial wastewater discharge requirements.

Quarterly Report Quarterly Report 6-monthly Report 6-monthly Report
II/2009 II/2008
04-06/2009 04-06/2008 01-06/2009 01-06/2008
TEUR TEUR TEUR TEUR
Net sales 28,041 18,560 52,353 32,814
Cost of sales -13,013 -8,941 -24,744 -18,470
Gross profit on sales 15,028 9,619 2 7,609 14,344
Selling expenses -5,220 -3,466 -9,948 -6,444
General and administrative expenses -5,216 -3,655 -9,509 -6,425
Research and non-capitalized development expenses -447 -169 -943 -2,072
Other operating income 341 329 673 1,396
Other operating expenses -178 -54 -227 -86
Profit from operations 4,308 2,604 7,655 713
Other financial items -185 -100 193 13,790
Earnings before interest and taxes (EBIT) 4,123 2,504 7,848 14,503
Interest received 9 21 30 42
Interest paid -356 -242 -723 -504
Profit before tax 3,776 2,283 7,155 14,041
Income tax expense -641 -950 -1,344 -4,179
Profit from continuing operations 3,135 1,333 5,811 9,862
Profit from discontinued operations, net - 97 -
Net income 3,135 1,333 5,908 9,862
Profit/loss attributable to minority interests -1,327 86 -1,943 -486
Dividend to shareholders of Eckert & Ziegler AG 1,808 1,419 3,965 9,376
Earnings per share
Basic 0.48 0.45 1.08 2.98
Diluted 0.48 0.45 1.08 2.97
Average number of shares in circulation (basic) 3,770 3,143 3,658 3,143
Average number of shares in circulation (diluted) 3,787 3,161 3,670 3,161
6-monthly Report 6-monthly Report
01-06/2009 01-06/2008
TEUR TEUR
Cash flows from operating activities:
Profit for the period 5,908 9,862
Adjustments for:
Depreciation and amortization 3,484 3,817
Proceeds from grants less release of deferred income from grants 47 -336
Deferred tax -276 2,564
Unrealized foreign currency gains/losses -31 -667
Long-term provisions, other non-current liabilities 182 -789
Gains (-)/losses on the sale of consolidated companies - -14,038
Gains (-)/losses on the disposal of non-current assets 14 -
Gains (-)/losses on the sale of securities - -77
Other -1 33
Changes in current assets and liabilities:
Receivables -1,589 -33
Inventories 384 -115
Prepaid expenses, other current assets -102 98
Trade accounts payable and accounts payable to related parties -1,656 165
Income tax liabilities -545 508
Other liabilities 702 1,098
Cash inflows generated from operating activities 6,521 2,090
Cash flows from investment activities:
Purchase (-)/sale of non-current assets -3,009 -2,124
Acquisition of consolidated companies -4,467 2,179
Purchase (-)/sale of shareholdings 28 40
Purchase (-)/sale of securities 101 690
Cash inflows/outflows from investment activities -7,347 785
Cash flows from financing activities:
Dividends paid -1,132 -786
Cash inflow from capital increase 3,079 -
Change in long-term borrowings 5,053 -433
Change in short-term borrowings -1,674 1,541
Acquisition of own shares -136 -
Own shares used for share options or acquisitions 6 -
Cash inflows/outflows from financing activities 5,196 322
Effect of exchange rates on cash and cash equivalents 23 -18
Increase (reduction) in cash and cash equivalents 4,393 3,179
Cash and cash equivalents at beginning of period 7,311 4,375
Cash and cash equivalents at end of period 11,704 7,502
TEUR
TEUR
ASSETS
Non-current assets
Intangible assets
47,262
38,726
Property, plant and equipment
2
7,939 2
3,807
Equity investments
-
278
Deferred tax
1,366
1,210
Other assets
1,080
1,118
Total non-current assets
77,647
65,139
Current assets
Cash and cash equivalents
11,704
7,311
Securities
236
332
Trade accounts receivable
19,705
13,985
Inventories
12,824
8,555
Other assets
2,417
2,464
Assets held for disposal
-
1,012
Total current assets
46,886
33,659
Total assets
124,533
98,798
EQUITY AND LIABILITIES
Shareholders' equity
Subscribed capital
3,879
3,250
Capital reserves
32,895
30,316
Retained earnings
13,779
10,946
Other reserves
- 3,350
- 3,297
Own shares
- 490
- 359
Equity due to the shareholders of Eckert & Ziegler AG
46,713
40,856
Minority interests
3,399
1,964
Total shareholders' equity
50,112
42,820
Non-current liabilities
Long-term borrowings and finance lease obligations
17,830
10,761
Deferred income from grants and other deferred income
1,460
1,416
Deferred tax
1,184
1,147
Retirement benefit obligations
5,360
420
Other provisions
2
5,290
15,969
Other liabilities
571
529
Total non-current liabilities
51,695
30,242
Current liabilities
Short-term borrowings and finance lease obligations
4,435
7,751
Trade accounts payable
3,960
4,286
Advance payments received
737
1,002
Deferred income from grants and other deferred income
374
371
Current tax payable
700
916
Other liabilities
12,520
10,285
Liabilities held for disposal
-
1,125
Total current liabilities
22
,726 2
5,736
June 30, 2009 Dec. 31, 2008
Total equity and liabilities 124,533 98,798
Cumulative other equity items Group
Subscribed capital Unrealized Foreign currency Equity share
Nominal Capital Retained gains/losses on exchange Own attributable to Minority holders'
Shares value reserve earnings securities differences shares shareholders shares equity
TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR
Balance January 1, 2008 3,250,000 3,250 2 9,750 7,230 42 -3,776 -359 36,137 354 36,491
Foreign currency
translation differences
472 472 472
Unrealized gains/losses on
securities at balance sheet date
(after tax of EUR 3 thousand)
7 7 7
Reversal of unrealized
gains/losses on securities at
previous balance sheet date
-42 -42 -42
Total of expenditures and income
directly entered in equity
0 0 0 0 -35 472 0 437 0 437
Profit for the year 4,502 4,502 -1,465 3,037
Total income for the period 0 0 0 4,502 -35 472 0 4,939 -1,465 3,474
Dividends paid -786 -786 -104 -890
Purchase of minority interests 0 3,179 3,179
Provisions offset
by own shares 566 566 566
Balance Dezember 31, 2008 3,250,000 3,250 30,316 10,946 7 -3,304 -359 40,856 1,964 42,820
Balance June 30, 2009 3,878,633 3,879 32,895 13,779 10 -3,360 -490 46,713 3,399 50,112
Capital increase 628,633 629 2 ,450 3,079 3,079
Acquisition of own shares 136 -136 0 0
to service share options -6 4 -2 -2
for acquisitions and
Application of own shares
Purchase of minority interests 0 -509 -509
Dividends paid -1,132 -1,132 0 -1,132
Total income for the period 0 0 0 3,965 3 -56 0 3,912 1,944 5,856
Profit for the year 3,965 3,965 1,944 5,909
Total of expenditures and income
directly entered in equity
0 0 0 0 3 -56 0 -53 0 -53
Reversal of unrealized
gains/losses on securities at
previous balance sheet date
-7 -7 -7
Unrealized gains/losses on
securities at balance sheet date
(after tax of EUR 5 thousand)
10 10 10
Foreign currency
translation differences
-56 -56 -56
Balance January 1, 2009 3,250,000 3,250 30,316 10,946 7 -3,304 -359 40,856 1,964 42,820
TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR
Shares Nominal
value
Capital
reserve
Retained
earnings
gains/losses on
securities
exchange
differences
Own
shares
attributable to
shareholders
Minority holders'
shares
equity
Subscribed capital Unrealized Foreign currency Equity share
Cumulative other equity items Group
Nuclear Medicine
and Industry
Therapy Radio
pharmaceuticals
Other Elimination Total
01-06
2009
01-06
2008
01-06
2009
01-06
2008
01-06
2009
01-06
2008
01-06
2009
01-06
2008
01-06
2009
01-06
2008
01-06
2009
01-06
2008
TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR
Sales to external customers
2
6,335 14,401 16,318 11,604 9,700 6,809 0 0 0 0 52,353 32,814
Sales to other segments
2
32 85 175 1,367 10 60 504 792 -922 -2,304 0 0
Total segmental sales
2
6,567 14,486 16,493 12,971 9,710 6,869 504 792 -922 -2,304 52,353 32,814
Segment profit
before interest and profit taxes (EBIT) 5,077 3,630 3,131 -2,641 654 15 -1,011 13,494 -3 5 7,848 14,503
Interest yield and paid -294 -202 -311 -297 -488 -496 397 538 3 -5 -693 -462
Income tax expense -1,555 -1,139 33 78 -5 -1,878 183 -1,240 -1,344 -4,179
Profit before minority interests 3,228 2 ,289 2 ,853 -2,860 161 -2,359 -431 12,792 5,811 9,862
Special effects before minority interests 0 0 0 -3,271 0 -1,968 0 12,812 0 7,573
Profit before minority interests
without special effects 3,228 2 ,289 2 ,853 411 161 -391 -431 -20 5,811 2 ,289
Nuclear Medicine Radio-
and Industry Therapy pharmaceuticals Other
Total
01-06 01-06 01-06 01-06 01-06 01-06 01-06 01-06 01-06 01-06
2 009 2008 2009 2008 2009 2008 2009 2008 2009 2008
TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR
Segmental assets 60,184 2 6,753 45,660 46,579 17,346 16,956 75,537 52,191 198,727 142,479
Elimination of inter-segmental shares, equity
investments and receivables -75,560 -59,133
Deferred tax assets 1,366 9,474
Consolidated total assets 124,533 92,820
Segmental liabilities -32,537 -10,805 -22,012 -18,790 -19,890 -18,975 -25,438 -6,487 -99,877 -55,057
Elimination of inter-segmental liabilities 2 6,640 17,924
Deferred tax liabilities -1,184 -2,473
Consolidated liabilities -74,421 -39,606
Investments 710 399 977 835 1,322 890 1 0 3,010 2 ,124
Depreciations (without non-scheduled depreciations) -1,103 -471 -1,316 -885 -967 -614 -98 -93 -3,484 -2,063
Non-cash income/expenses -41 315 78 1,756 -137 -1,956 167 13,195 67 13,310
Sales by geographic areas January – June 2009 January – June 2008
Million EUR % Million EUR %
Europe 32.0 61 20.0 61
North America 14.7 28 9.3 28
Asia/Pacific 5.3 10 2.9 9
Other 0.4 1 0.6 2
Total 52.4 100 32.8 100

1. General information

These unaudited interim consolidated financial statements as of June 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 June 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 policies 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 with respect to 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 23rd, 2009, Eckert & Ziegler AG availed of 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 additional expenses associated with the purchase 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-current 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 noncash 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. In June 2008, Eckert & Ziegler BEBIG GmbH took over the implants manufacturer Isotron Isotopentechnik GmbH. In January 2009, shares were bought in the companies nuclitec GmbH, nuclitec sarl and nuclitec Inc. In the first quarter of 2009, the shares in Eckert & Ziegler f-con Pharma Italia s.r.l. were sold.

Compared with the first six 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 June 30, 2009, Eckert & Ziegler AG held 118,010 own shares. This equates to a share of 3.04 % 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 31st, 2008.

Country Currency Exchange rate
on June 30, 2009
Exchange rate
on Dec. 31, 2008
Average rate:
Jan. 1 - June 30,
2009
Average rate:
Jan. 1 - June 30,
2008
USA USD 1.4048 1.4097 1.338449 1.543842
Czech Republic CZK 26.0434 2 6.6426 2 7.381312 2 4.98938
Great Britain GBP 0.8506 0.974 0.89548 n.a.
Sweden SEK 10.9644 10.9861 10.9537 n.a.

8. Events of special significance

The Belgian exchange supervisory authority CBFA called on Eckert & Ziegler to make a mandatory offer of EUR 3.47 per share for IBt, but postponed the enforcement of this request pending the decision of a court. At the same time, the CBFA confirmed that no cash offer would have to be made for any potential takeover. It has since been announced that the hearing has been postponed until the middle of November. Due to the postponements, the Executive Board does not expect a court decision on this matter before the end of this year.

Declaration in accordance with § 37y of the Securities Trading Act in conjunction with § 37w para. 2 no. 3 of the Securities Trading Act

To the best of our knowledge, we provide an assurance that, in accordance with the applied principles of proper interim financial results reporting, the consolidated interim financial statements give a true and fair picture of the assets, financial position and earnings position of the Group, that the interim Group management report outlines the development and performance of the business and the position of the Group, that a picture which reflects the actual circumstances is conveyed and that the principal opportunities and risks associated with the expected development of the Group in the rest of the fiscal year are described.

Berlin, August 4, 2009

Dr. Andreas Eckert Chief Executive Officer

Dr. Edgar Löffler Executive Board Member

Dr. André Heß Executive Board Member

Financial Calendar

August 04, 2009 Quarterly Report II/2009

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

Talk to a Data Expert

Have a question? We'll get back to you promptly.