10.02.2017
Carl Zeiss Meditec AG DE0005313704
DGAP-News: Carl Zeiss Meditec AG Off to A Solid Start Into Business Year 2016/17
DGAP-News: Carl Zeiss Meditec AG / Key word(s): Quarterly / Interim
Statement
Carl Zeiss Meditec AG Off to A Solid Start Into Business Year 2016/17
10.02.2017 / 06:55
The issuer is solely responsible for the content of this announcement.
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Carl Zeiss Meditec AG Off to A Solid Start Into Business Year 2016/17
Positive revenue and earnings trend in the first quarter
JENA, 10 February 2017
Carl Zeiss Meditec continued its growth trend in the first quarter of
2016/17. Revenue increased by 6.6 percent (adjusted for currency effects:
5.4 percent), to EUR280.0m (prior year: EUR262.6m). Earnings before
interest and taxes (EBIT) rose significantly, to EUR44.2m (prior year:
EUR32.2m) - but benefited from one-time capital gains from asset sales. The
adjusted EBIT margin increased to 13.4 percent (prior year: 12.6 percent).
Earnings per share reached EUR0.38 (prior year: EUR0.21).
Dr. Ludwin Monz, President and CEO of Carl Zeiss Meditec AG, is satisfied
with the start to the year: "We closed the first quarter with encouraging
increases in revenue and operating profit. And we continue to consistently
pursue our strategy of being a solutions provider for our customers
worldwide."
Strongest growth in Ophthalmic Devices SBU
Ophthalmology, in particular, contributed to growth: the Ophthalmic Devices
strategic business unit (SBU) increased its revenue by 8.5 percent in the
first quarter of the current fiscal year (adjusted for currency effects:
7.4 percent), to EUR207.6m, compared with EUR191.3m in the same period of
the previous year. The business with laser systems for refractive
correction developed particularly well. Additional growth is anticipated
during the further course of the fiscal year due to the planned launch of
the minimally invasive laser surgery ReLEx(R) SMILE in the USA. The sub-
segment of Surgical Ophthalmology, the business with intraocular lenses and
devices for the treatment of cataracts, also performed well. In
Diagnostics, on the other hand, competitive pressure remained strong. The
EBIT margin of the Ophthalmic Devices SBU increased further. One-time
capital gains of EUR7.7m from the disposal of assets at a Surgical
Ophthalmology site in Ontario, California, contributed to this growth.
Revenue in the Microsurgery SBU grew by 1.6 percent (adjusted for currency
effects: 0.2 percent). Revenue from surgical microscopes and visualization
solutions climbed to EUR72.4m, compared with EUR71.3m in the prior year.
The key markets in North America and Asia exhibited a sideways trend at the
start of the year. The profitability of the Microsurgery SBU remained at an
above-average level and increased slightly compared with the prior year.
APAC becomes largest reporting region
Another strong performance was achieved by the Asia/Pacific (APAC) region.
At EUR105.8m, revenue was significantly higher than the prior-year figure
of EUR83.6m - an increase of 26.6 percent (adjusted for currency effects:
22.9 percent). A large part of this growth is attributable to the Chinese
market, as well as Southeast Asia and India.
Revenue in the EMEA region declined by 7.2 percent (adjusted for currency
effects: -6.6 percent), to EUR83.7m (prior year: EUR90.2m). There was a
downturn in business particularly in the United Kingdom, Southern Europe
and the Middle East.
Revenue in the Americas region was largely stable, increasing by 1.9
percent (adjusted for currency effects: 0.7 percent) to revenue of EUR90.5m
(prior year: EUR88.8m).
Earnings per share (EPS) increased significantly year-on-year, to EUR0.38
(prior year: EUR0.21). The increase in operating profit contributed to this
- the prior year was also still affected significantly by extraordinary
expenses arising from impairments on an at-equity holding and by negative
results from currency hedges.
Carl Zeiss Meditec AG's objective remains to continue growing at least at
the same rate as the underlying market in fiscal year 2016/17. The EBIT
margin is expected to be within the range also forecast for the medium
term, of 13 percent to 15 percent.
Revenue by strategic business unit
All figures in 3 months 3 months Change from Change from
EURm 2016/17 2015/16 prior year prior year
(adjusted for
currency
effects)
Ophthalmic 207.6 191.3 +8.5% +7.4%
Devices
Microsurgery 72.4 71.3 +1.6% +0.2%
Total 280.0 262.6 +6.6% +5.4%
Revenue by region
All figures in 3 months 3 months Change from Change from
EURm 2016/17 2015/16 prior year prior year
(adjusted for
currency
effects)
EMEA 83.7 90.2 -7.2% -6.6%
Americas 90.5 88.8 +1.9% +0.7%
APAC 105.8 83.6 +26.6% +22.9%
Total 280.0 262.6 +6.6% +5.4%
Contact for investors and press
Sebastian Frericks
Director Investor Relations Carl Zeiss Meditec AG
Phone: +49 3641 220-106
Email: [email protected]
www.zeiss.com/press
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10.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Carl Zeiss Meditec AG
Göschwitzer Str. 51-52
07745 Jena
Germany
Phone: +49 (0)3641 220-0
Fax: +49 (0)3641 220-112
E-mail: [email protected],[email protected]
Internet: www.meditec.zeiss.de
ISIN: DE0005313704
WKN: 531370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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