1Mon·

Eckert Ziegler Q3 2024 $EUZ (+1.36%)

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Financial performance:

  • Sales growth: Sales increased by 17% to € 215.5 million (previous year: € 183.9 million), indicating strong demand, particularly in the medical sector.
  • Net income: Net income increased by 15% to 23.4 million euros, reflecting a positive earnings trend.
  • EBIT: EBIT before special effects increased by 9.0 million euros to 46.7 million euros, indicating improved operating efficiency.


Balance sheet overview:

  • Total assets: Increase to 481 million euros (previous year: 439 million euros), indicating growth and increased investments.
  • Equity: Increase of 26.2 million euros to 250.3 million euros.
  • Liabilities: Loan liabilities fell by 4.8 million euros to 21.5 million euros, reducing the debt burden.


Details of the profit and loss account:

  • Gross profit: Increased to 106.9 million euros (previous year: 89.8 million euros), due to margin improvements and sales growth.
  • Cost of sales: Slight increase to 19.8 million euros (previous year: 18.8 million euros).
  • General and administrative expenses: Increased to 33.4 million euros (previous year: 28.9 million euros), possibly due to investments in the corporate structure.


Cash flow overview:

  • Operating cash flow: Significant increase to 45.1 million euros (previous year: 17.5 million euros), indicating strong cash management.
  • Investing activities: Cash outflow reduced to 1.4 million euros (previous year: 19.8 million euros), indicating a more cautious investment policy.
  • Financing activities: Outflow of 15.9 million euros, possibly for debt repayment or dividends.


Key figures and profitability metrics:

  • Equity ratio: 52%, showing a solid capital base.
  • Earnings per share (EPS): Increased to 1.12 euros (previous year: 0.98 euros), adding value for shareholders.


Segment information:

  • Medical segment: External sales increased by 26% to 104.5 million euros, driven by demand in the pharmaceutical radioisotope segment.
  • Isotope Products segment: Sales increased by 10 % to 111.0 million euros, indicating stable growth in this segment.


Competitive position: The company demonstrates a strong market position in the medical segment, particularly in the area of radioisotopes for pharmaceutical applications, which represents a significant growth area.

Forecasts and management commentary: The management plans to use excess liquidity to finance new projects in the medical segment, which will enable further growth in a segment with high potential.


Risks and opportunities:

  • Currency effects: Positive impact on the Group result by 0.4 million euros.
  • Discontinued operations: Losses from wound-up business increased from 3.1 million euros to 5.9 million euros, which could have a negative impact on profitability.


Summary of results:

Positive aspects:

  • Sales growth: Solid growth of 17%.
  • Increased profitability: Net profit increase of 15% and increase in operational efficiency.
  • Strong segment growth: The medical segment recorded a 26% increase in sales.
  • Improved operating cash flow: Strong cash generation for future investments.
  • Stronger equity and reduced debt: Increased financial stability.


Negative aspects:

  • Losses from discontinued operations: Increased loss from discontinued operations negatively impacts earnings.
  • Higher administrative costs: Possible reduction in efficiency due to increased general costs.
  • Slight increase in selling costs: Could put slight pressure on margins.
  • Cash outflow from financing activities: Potentially a constraint on investment flexibility.
  • Write-downs and depreciation in the "Other" segment: Burden on profitability.
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