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Revenues from contracts with customers
3 Months Ended
Mar. 31, 2021
Revenues from contracts with customers  
Revenues from contracts with customers

4 Revenues from contracts with customers

 

 

 

 

 

 

 

 

 

 

in EUR k

 

Three Months Ended March 31, 2020(1)

 

    

Pharmaceutical

    

Diagnostics

    

COVID-19

 

Total

Rendering of services

 

4,274

 

7,542

 

13

 

11,829

Sales of goods

 

276

 

 —

 

 —

 

276

Total Revenues from contracts with external customers

 

4,550

 

7,542

 

13

 

12,105

 

 

 

 

 

 

 

 

 

Recognized over time

 

4,274

 

7,542

 

 —

 

11,816

Recognized at a point in time

 

276

 

 —

 

13

 

289

Total Revenues from contracts with external customers

 

4,550

 

7,542

 

13

 

12,105

 

 

 

 

 

 

 

 

 

Geographical information

 

 

 

 

 

 

 

 

Europe

 

44

 

1,604

 

13

 

1,661

—Germany*

 

19

 

60

 

13

 

92

—Netherlands**

 

 —

 

 3

 

 —

 

 3

Middle East

 

 3

 

4,415

 

 —

 

4,418

—Saudi Arabia#

 

 —

 

3,033

 

 —

 

3,033

North America

 

4,503

 

620

 

 —

 

5,123

—United States#

 

4,503

 

471

 

 —

 

4,974

Latin America

 

 —

 

746

 

 —

 

746

Asia Pacific

 

 —

 

157

 

 —

 

157

Total Revenues from contracts with external customers

 

4,550

 

7,542

 

13

 

12,105


(1)             Since the COVID-19 business has been reported as a separate segment as from the third quarter of 2020, the comparative figures for the three months ended March 31, 2020 were adjusted retrospectively for both the COVID-19 and diagnostics segments.

 

 

 

 

 

 

 

 

 

 

 

in EUR k

 

Three Months Ended March 31, 2021

 

    

Pharmaceutical

    

Diagnostics

 

COVID-19

    

Total

Rendering of services

 

3,393

 

6,383

 

54,977

 

64,753

Sales of goods

 

205

 

 —

 

 2

 

207

Total Revenues from contracts with external customers

 

3,598

 

6,383

 

54,979

 

64,960

 

 

 

 

 

 

 

 

 

Recognized over time

 

3,393

 

6,383

 

11,844

 

21,620

Recognized at a point in time

 

205

 

 —

 

43,135

 

43,340

Total Revenues from contracts with external customers

 

3,598

 

6,383

 

54,979

 

64,960

 

    

 

 

 

 

 

 

 

Geographical information

 

 

 

 

 

 

 

 

Europe

 

149

 

1,214

 

54,121

 

55,484

—Germany*#

 

 —

 

53

 

52,345

 

52,398

—Netherlands**

 

 —

 

 2

 

1,768

 

1,770

Middle East

 

29

 

4,135

 

 —

 

4,164

North America

 

3,405

 

464

 

780

 

4,649

Latin America

 

15

 

410

 

 —

 

425

Asia Pacific

 

 —

 

160

 

78

 

238

Total Revenues from contracts with external customers

 

3,598

 

6,383

 

54,979

 

64,960


* country of the incorporation of Centogene GmbH

** country of the incorporation of Centogene N.V.

# countries contributing more than 10% of the Group’s  total consolidated revenues for the three months ended March 31, 2020 and 2021, respectively.

 

 

The Group collaborated with the majority of pharmaceutical partners on a worldwide basis in 2020 and 2021. In addition, in cases where pharmaceutical partners are developing a new rare disease treatment, it is generally anticipated that the final approved treatment will be made available globally.  As a result, the Group allocates the revenues of the pharmaceutical segment by geographical region by reference to the location where each pharmaceutical partner mainly operates, which is based on the region from which most of their revenues are generated. The allocation of revenues in the diagnostics segment and COVID-19 segments is based on the location of each customer.

Pharmaceutical segment

During the three months ended March 31, 2021, revenues from one pharmaceutical partner represented 4.7% of the Group's total revenues (the three months ended March 31, 2020: 26.4%). 

COVID-19 segment

During the three months ended March 31, 2021, revenues from two COVID-19 partners represented 4.4% and 17.1% of the Group’s total revenues for the quarter (the three months ended March 31, 2020:  nil).

To support the expansion of test offerings, the Company acquired laboratory facilities and equipment, developed a Corona Test Portal and leased laboratory space at several locations in Germany. Additionally, COVID-19 testing capacity is provided through a custom-built CentoTruck, a mobile laboratory in a container setup to carry out the COVID-19 analysis. Total investments in COVID-19 testing as of March 31, 2021 amounted to approximately EUR 1,416k in property, plant and equipment (the three months ended March 31, 2020: EUR 30k). An amount of EUR 354k is included in intangible assets and relates to the development of the Corona Test Portal (the three months ended March 31, 2020: nil).