Eckert posts sales, profit gains in Q1

Sales increases in all key product groups helped isotope technology developer Eckert & Ziegler to a 16% growth in sales for its first quarter.

For the period (end-March 31), the company had sales of 30.7 million euros, compared with 26.5 million euros reported in the first quarter of 2013. The company had quarterly profit of 1.6 million euros, compared with profit of 1.2 million euros in the same period a year ago.

Despite negative effects from exchange rates, organic growth was boosted by acquisitions in the first quarter, Eckert & Ziegler said.

The company said that its executive board has confirmed prior forecasts of at least 10% growth in sales and earnings for 2014. Sales and net profit are expected to reach 134 million euros and 10.5 million, respectively.

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