JENA/Germany, 11.05.2016. Medical technology company Carl Zeiss Meditec AG increased its revenue by 8.6 percent in the first six months of the fiscal year, to EUR 540.8 million; earnings before interest and taxes (EBIT) also increased to EUR 75 million (prior year: EUR 61 million), corresponding to an EBIT margin of 13.9 percent (prior year: 12.2 percent). There were also favorable measurement effects relating to currency hedges at the end of the reporting period, which caused earnings per share (EPS) to climb to EUR 0.59 (prior year: EUR 0.37).
The positive revenue trend was once again boosted by currency effects. Assuming constant exchange rates, growth of 5.3 percent would have been achieved. The positive development of earnings is attributable, equally, to a favorable product mix and strict cost management.
All three strategic business units (SBUs) grew in the reporting period, with ophthalmology making the strongest contributions to growth.
Revenue of the Ophthalmic Systems SBU increased by 11.1 percent to EUR 203.6 million (prior year: EUR 183.2 million). Diagnostic products and refractive lasers both contributed to this increase. Revenue development benefited from positive currency effects. Adjusted for currency effects, revenue increased by 6.8 percent. The Surgical Ophthalmology SBU achieved a revenue increase of 8.7 percent, to EUR 188.1 million (previous year: EUR 173.0 million) adjusted for currency effects, revenue increased by 6.6 percent. The Microsurgery SBU generated revenue of EUR 149.1 million, corresponding to an increase of 5.2 percent compared with the prior year (EUR 141.7 million). After adjustment for currency effects, this would equate to growth of 1.8 percent.
Dr. Ludwin Monz, President and CEO of Carl Zeiss Meditec AG, gave his take on the 6-month figures: "The encouraging development of business confirms our strategy. We optimize the clinical benefit of our products without losing sight of the economic aspects of our customers."
Asia Drives Growth in the Regions
EMEA (Europe, Middle East and Africa):
Revenue in the EMEA region increased by 3.7 percent, to EUR 177.7 million (prior year: EUR 171.3 million). As in the previous quarters, the development of the individual markets is very heterogeneous. Once again, Germany and the UK, among others, made good contributions to growth.
Americas:
Revenue in the Americas region increased by 5.7 percent, to EUR 176.4 million (prior year: EUR 166.9 million), with the region benefiting in particular from the strength of the U.S. dollar. Adjusted for currency effects, revenue was almost on a par with the prior year (-0.9 percent). Business in the USA exhibited a sideways trend.
APAC (Asia/Pacific region):
The APAC region generated revenue of EUR 186.7 million, which is significantly higher than the year-ago figure of EUR 159.8 million an increase of 16.8 percent. Currency effects had a slightly positive effect the growth rate after adjustment for currency effects was 13.4 percent. This growth is largely attributable to the Chinese market and Southeast Asia. Japan and India developed sideways.
Outlook
Dr. Ludwin Monz sees a strengthening of the Company after significant product launches during the past few months. "Product innovations, such as the AngioPlex OCT for identifying small blood vessels in the retina or the Primus 200 OCT device for smaller surgeries which we have now brought to Europe following the market launch in India and China secure our growth trend."
In view of the positive development of business, the Company has specified its forecast for fiscal year 2015/16 in more detail: Revenue is now expected to range between EUR 1,080 million and EUR 1,120 million. The EBIT margin is expected to be within the range of 13-15 percent in the current fiscal year and in the medium term.
Revenue by Strategic Business Unit
Figures in EUR 000 6 Months 2014/15 6 Months 2015/16 Change from
prior year Change from
prior year
Ophthalmic Systems 183,199 203,560 11.1% 6.8%
Surgical Ophthalmology 173,040 188,094 8.7% 6.6%
Microsurgery 141,718 149,127 5.2% 1.8%
adjusted for currency effects
Revenue by Region
Figures in EUR 000 6 Months 2014/15 6 Months 2015/16 Change from
prior year Change from
prior year
EMEA 171,296 177,709 3.7% 4.1%
Americas 166,862 176,379 5.7% - 0.9%
APAC 159,799 186,693 16.8% 13.4%
adjusted for currency effects
Press Contact:
Jann Gerrit Ohlendorf
Director Corporate Communications
Carl Zeiss Meditec AG
Phone: 49 3641 220-331
Fax: 49 3641 220-332
press.meditec@zeiss.com
Sebastian Frericks
Director Investor Relations
Carl Zeiss Meditec AG
Phone: 49 3641 220-116
investors.meditec@zeiss.com
Carl Zeiss Meditec AG
Carl Zeiss Meditec AG (ISIN: DE 0005313704), which is listed on TecDAX of the German stock exchange, is one of the world's leading medical technology companies. The Company supplies innovative technologies and application-oriented solutions designed to help doctors improve the quality of life of their patients. It provides complete packages of solutions for the diagnosis and treatment of eye diseases, including implants and consumable materials. The Company creates innovative visualization solutions in the field of microsurgery. The medical technology portfolio of ZEISS is rounded off by promising future technologies such as intraoperative radiation therapy. With approx. 2,900 employees worldwide, the Group generated revenue of EUR 1,040 million in fiscal year 2014/2015 (to 30 September).
The Group's head office is in Jena, Germany, and it has subsidiaries in Germany and abroad; more than 50 percent of its employees are based in the USA, Japan, Spain and France. The Center for Application and Research (CARIn) in Bangalore, India and the Carl Zeiss Innovations Center for Research and Development in Shang
Most recent headlines
04/08/2024
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet, a leading technology and service provider for media-rich organizations, a...
28/04/2024
Mediahaus delivers the first SRT live-streaming sports production over 5G with U...
27/04/2024
On April 26, L3Harris Chair and CEO Christopher E. Kubasik joined CNBC's Mor...
27/04/2024
PORTLAND, Oregon Audinate Group Limited, the developer of the Dante AV-over-IP solution, announced significant new additions to Dante Connect, its cloud-based D...
27/04/2024
TORONTO Bell Media has launched 10 English and French-language FAST channels featuring entertainment, factual, news, and sports programming. The new free stream...
27/04/2024
An extensive new analysis of the news segments in the broadcast evening news programs of ABC, CBS, NBC and PBS has found that broadcasters devoted most of their...
27/04/2024
GERMANTOWN, Md. EchoStar's Hughes Network Systems has opened a new manufacturing facility and private 5G incubation center in Germantown, Maryland....
27/04/2024
Harry Pappas, one of three brothers who founded Pappas Telecasting Companies in 1971, died April 24. He was 78 years old....
27/04/2024
ATLANTA and LONDON Mexican telecommunications and broadcast company Televisa has selected Synamedia for an overhaul of its broadcast distribution....
27/04/2024
Participate in the Survey - The Impact of AI on Media and the Creative Industry
Pascal Wagner April 26, 2024
0 Comments
By participating in this surve...
27/04/2024
SDVI Rally Access Workstation Earns Two Top Awards at 2024 NAB Show
Brie Clayton April 26, 2024
0 Comments
SDVI, the leading platform provider for clo...
27/04/2024
Berklee's Music and Health Institute Launches Community Health Musician Cert...
27/04/2024
Charter Communications reported higher first-quarter profits despite continued cord-cutting and competition for broadband customers....
27/04/2024
Two environmentally-focused groups are partnering to engage the unscripted TV world in finding better ways to address climate change. Reality of Change is an ec...
27/04/2024
Sarah Garcia has been promoted to weekend anchor at KTLM McAllen, Texas, known as Telemundo 40. Starting April 27, she will anchor Noticias Telemundo 40 weekend...
27/04/2024
CBS Sports said it launched a new 24-hour free, ad supported streaming television (FAST) channel devoted to the UEFA Champions League....
27/04/2024
Comcast chairman and CEO Brian Roberts received $35.4 million in compensation in 2023, up 11% from the previous year, according to a proxy statement filed by th...
27/04/2024
Art Happens Here With John Lithgow, which sees the actor study dance, ceramics, silk-screen printing and vocal jazz with students in Los Angeles, debuts on PBS ...
27/04/2024
Remember Leave It to Beaver? Bewitched? Dragnet? When cable ratings were rising?...
27/04/2024
Next up for the weekend binge at Catchy Comedy is Gomer Pyle, U.S.M.C. Every weekend, Catchy Comedy features The Catchy Binge, a marathon of a classic sitcom....
26/04/2024
Sundance Film Festival CDMX 2024 kicks-off today with screenings in 5 theaters in Mexico City and the opening-night film, FRIDA, directed by Carla Guti rrez...
26/04/2024
[Editor's Note: This interview is part of a larger feature about the women d...
26/04/2024
Once again this year, SGL Carbon opened its doors to interested children and young people. On the occasion of the German Girls and Boys Day, which took place on...
26/04/2024
Orders1 of $5.5 billion; book-to-bill of 1.06x
Revenue of $5.2 billion, up 17%,...
26/04/2024
Five Considerations For Communications Modernization In The 21st Century
In the digital-enabled battlespace, the Joint Force needs to shoot, move and communica...
26/04/2024
CBS Sports has launched Champions League as a new, 24-hour streaming channel that will serve as the year-round destination for nonstop highlights of the UEFA ...
26/04/2024
Despite tough competition in the streaming space, Roku reported solid results in Q1 2024, beating revenue expectations, with total net revenue up 19% YoY to $88...
26/04/2024
LONDON AND TORONTO Pinewood Toronto Studios has appointed Sarah Farrell as general manager of the Studios in downtown Toronto....
26/04/2024
Quantum to Offer Advanced Filesharing Technology and Performance in StorNext and...
26/04/2024
FilmLight Colour Awards welcomes 2024 entries and introduces new Emerging Talen...
26/04/2024
Picture Shop Announces Chris Evans as Head of Unscripted
Brie Clayton April 26, 2024
0 Comments
Picture Shop announced Chris Evans will lead Unscripte...
26/04/2024
Participate in a Survey - The Impact of AI on Media and the Creative Industry
Pascal Wagner April 26, 2024
0 Comments
By participating in this survey,...
26/04/2024
Toy maker Mattel said it is working with Samsung to launch its first free ad-supported streaming television (FAST) channels later this year....
26/04/2024
Trusted Media Brands (TMB) said it named Marty Moe as president....
26/04/2024
Ron Howard is the director on Jim Henson Idea Man, a documentary that premieres on Disney Plus May 31. Henson of course created Kermit the Frog, Miss Piggy, Big...
26/04/2024
The ice continues to melt under the regional sports network business as the Seattle Kraken of the National Hockey League have made a long-term deal to broadcast...
26/04/2024
Heading into the upfronts, Warner Bros. Discovery said it launched Olli, a first-party data platform advertiser can use for converged, targeted advertising camp...
26/04/2024
CBS has renewed the drama The Equalizer, which will see season five on in 2024-2025. Queen Latifah stars....
26/04/2024
The CW has entered into an exclusive multiyear broadcast partnership for the Miss USA Pageant and the Miss Teen USA Pageant. The 73rd Miss USA Pageant will air ...
26/04/2024
Fuse Media isn't mincing words in a campaign urging its young viewers to register and participate in the 2024 elections....
26/04/2024
Dead Boy Detectives, a series from Neil Gaiman about a detective agency staffed by ghosts, debuts on Netflix April 25. George Rexstrew and Jayden Revri are in t...
26/04/2024
The Story Collective has gradually repurposed the former Mortlake Brewery to include production offices, workshops and sound stages
By Matthew Corrigan
Publi...
26/04/2024
Perkett joins the company following a 25 year career in product management, product marketing, engineering and user experience (UX) across multiple industries
...
26/04/2024
Teradek, the industry leader in wireless video transmitters and receivers, announced today the launch of new Bolt 6 LT 750 and Bolt 6 Monitor Module 750 RX with...
26/04/2024
NEW YORK Amagi has appointed Richard Perkett chief product officer (CPO)....
26/04/2024
WASHINGTON, D.C. The National Association of Broadcasters (NAB) has announced the results of the 2024 NAB Radio and Television Board of Directors elections. The...
26/04/2024
EL SEGUNDO, Calif. & NEW YORK Mattel has announced a deal to launch its first three 24/7 free ad supported streaming (FAST) channels on Samsung TV Plus, Samsung...
26/04/2024
PORTLAND, Maine Viewers here can now receive the NextGen TV signals of five local stations with the launch of ATSC 3.0 service from host station WPFO, which is ...
JENA/Germany, 11.05.2016. Medical technology company Carl Zeiss Meditec AG increased its revenue by 8.6 percent in the first six months of the fiscal year, to EUR 540.8 million; earnings before interest and taxes (EBIT) also increased to EUR 75 million (prior year: EUR 61 million), corresponding to an EBIT margin of 13.9 percent (prior year: 12.2 percent). There were also favorable measurement effects relating to currency hedges at the end of the reporting period, which caused earnings per share (EPS) to climb to EUR 0.59 (prior year: EUR 0.37).
