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Segment information
3 Months Ended
Mar. 31, 2021
Segment information  
Segment information

5 Segment information

 

 

 

 

 

 

 

 

 

 

 

 

 

in EUR k

 

Three months ended March 31, 2020

 

    

Pharmaceutical

    

Diagnostics

    

COVID-19

 

Corporate

    

Total

Total Revenues from contracts with external customers

 

4,550

 

7,542

 

13

 

 —

 

12,105

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

2,608

 

138

 

(51)

 

(7,712)

 

(5,017)

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

Additions to property, plant and equipment and right-of-use assets

 

 —

 

787

 

30

 

587

 

1,404

Additions to intangible assets

 

1,002

 

 —

 

 —

 

189

 

1,191

 

 

 

 

 

 

 

 

 

 

 

Other segment information

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

564

 

544

 

 —

 

976

 

2,084

Research and development expenses

 

 —

 

 —

 

 —

 

2,691

 

2,691

 

 

 

 

 

 

 

 

 

 

 

 

in EUR k

 

Three Months Ended March 31, 2021

 

    

Pharmaceutical

    

Diagnostics

    

COVID-19

 

Corporate

    

Total

Total Revenues from contracts with external customers

 

3,598

 

6,383

 

54,979

 

 —

 

64,960

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

1,497

 

1,054

 

10,167

 

(12,020)

 

698

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

Additions to property, plant and equipment and right-of-use assets

 

 6

 

234

 

1,416

 

314

 

1,970

Additions to intangible assets

 

322

 

 —

 

354

 

650

 

1,326

 

 

 

 

 

 

 

 

 

 

 

Other segment information

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

414

 

406

 

927

 

1,539

 

3,286

Research and development expenses

 

 —

 

 —

 

 —

 

4,335

 

4,335

 

 

 

 

 

 

 

 

 

 

 

Adjustments to EBITDA

Adjustments to EBITDA include non-cash charges in relation to depreciation, amortization (including impairments), and share-based payments as well as net financial costs, and income taxes. Certain costs, and related income, are not allocated to the reporting segment results and represent the residual operating activities of the Group reported as ‘Corporate’. These include corporate overheads, which are responsible for centralized functions such as communications, information technology, facilities, legal, finance and accounting, insurance (D&O), human resources, business development and strategic initiatives, certain professional and consulting services, procurement, research and development and other supporting activities.

Increases in corporate expenses for the three months ended March 31, 2021 are mainly due to increased personnel costs, legal and administrative costs and additional investments in IT support and data center costs.

Reconciliation of segment Adjusted EBITDA to Group loss for the period

 

 

 

 

 

 

For the three months ended March 31

    

2020

    

2021

Reported segment Adjusted EBITDA

 

2,695

 

12,718

Corporate expenses

 

(7,712)

 

(12,020)

 

 

(5,017)

 

698

Share-based payment expenses (Note 11)

 

(1,057)

 

(2,042)

Depreciation and amortization

 

(2,084)

 

(3,286)

Operating loss

 

(8,158)

 

(4,630)

Financial costs, net

 

(449)

 

(259)

Income tax expenses

 

(129)

 

 —

Loss for the three months ended March 31

 

(8,736)

 

(4,889)

 

Non-current asset locations

Non‑current assets of the Group consist of right-of-use assets (under IFRS 16), property, plant and equipment, as well as intangible assets. All of such assets are located in Germany, which is the country of the business address of Centogene GmbH, except for property, plant and equipment of EUR 503k (December 31, 2020: EUR 516k) and right-of-use assets of EUR 625k (December 31, 2020: EUR 709k), which are located in the United States. 

,