07.05.2015
Carl Zeiss Meditec AG DE0005313704
DGAP-News: Carl Zeiss Meditec AG records revenue growth of 8 percent
DGAP-News: Carl Zeiss Meditec AG / Key word(s): Half Year Results
Carl Zeiss Meditec AG records revenue growth of 8 percent
07.05.2015 / 06:56
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Carl Zeiss Meditec AG records revenue growth of 8 percent
Second quarter shaped by revenue increase in Central Europe and in the
Americas
JENA, 7 May 2015
Aided by currency effects, medical technology company Carl Zeiss Meditec AG
increased its revenue by 8 percent in the first six months of the current
financial year, to EUR 498.0 million (previous year: EUR 460.9 million).
Adjusted for the favorable currency trends, growth was 3.7%. At EUR 61.0
million, earnings before interest and tax (EBIT) were slightly lower than
the figure from the previous year (previous year: EUR 63.7 million). The
EBIT margin reached 12.2 percent (previous year: 13.8 percent).
Adjusted for special effects, the EBIT margin would have been at 13.6
percent. At EUR0.37, earnings per share (EPS) were around 24 percent lower
compared with the same period of the previous year (previous year: EUR
0.49). This was attributable to a negative result from currency hedging,
primarily due to the current strength of the U.S. dollar against the euro.
Development of the strategic business units (SBUs) during the reporting
period was mixed. The 2.1 percent decline in revenue in the Microsurgery
SBU compared with the previous year (adjusted for currency effects: -5.8
percent), to EUR 141.7 million (previous year: EUR 144.8 million) should be
considered against the background of an exceptionally strong year-ago
period. The Ophthalmic Systems SBU, on the other hand, boosted by currency
gains, achieved revenue growth of 8.8 percent (adjusted for currency
effects: 2.4 percent), to EUR 183.2 million (previous year: EUR 168.4
million). A positive trend in the service business and the refractive laser
business was once again offset in this SBU by persistently strong pricing
and competitive pressure in the diagnostics business. Ultimately, it was
the Surgical Ophthalmology SBU that once again closed the first six months
with the highest growth rate, increasing its revenue by 17.1 percent to EUR
173.0 million (previous year: EUR 147.8 million). Even excluding the
first-time consolidation of Aaren Scientifc, this SBU's growth would still
have been in the double digits.
Dr. Ludwin Monz, President and CEO of Carl Zeiss Meditec AG, gave his take
on the 6-month figures: "In spite of varying regional trends and different
rates of growth in our business fields, the development of our Company
remains positive. Our broad business model and our balanced regional
presence proved once more to be a strength."
Development by region
EMEA (Europe, Middle East and Africa): Revenue in the EMEA region increased
by 8.1 percent in the first six months of the financial year, to EUR 171.3
million (previous year: EUR 158.5 million). As in the previous quarters,
development in the individual markets was very mixed; Germany and the
United Kingdom, in particular, achieved good growth.
Americas: Revenue in the Americas region increased by 17.8 percent, to EUR
166.9 million (previous year: EUR 141.7 million). The driving force behind
this growth was the strong U.S. dollar. Adjusted for currency effects,
growth amounted to 5.2 percent.
APAC (Asia/Pacific region): The revenue generated in the APAC region in the
first six months was at almost the same level as the previous year, at EUR
159.8 million (previous year: EUR 160.8 million). While currency effects
did not play a significant role in this reporting region, the high
comparison basis is now having a noticeably negative impact in Japan.
Revenue there fell sharply, after the same period of the previous year had
benefited from pull-forward effects associated with a VAT increase. Outside
of Japan, however, there was a double-digit percentage increase in revenue
in the region.
Outlook
As reported, the Company has set itself the goal to consolidate and expand
its market shares. Revenue of around EUR 960 million to EUR 1.0 billion is
forecast for the year as a whole. The EBIT margin is expected to be within
a range of 13-15 percent in the medium term and has been adjusted in the
current financial year for the special effects.
Revenue by strategic business unit1)
Figures in EUR '000 6 Months 2013/ 6 Months 2014/ Change from previous
2014 2015 year
Ophthalmic Systems 168,365 183,199 8.8%
Surgical 147,771 173,040 17.1%
Ophthalmology
Microsurgery 144,786 141,718 -2.1%
1) For better comparability the previous year's figures have been
adjusted in line with the new structure.
Revenue by region
Figures in 6 Months 2013/ 6 Months 2014/ Change from previous
EUR '000 2014 2015 year
EMEA 158,464 171,296 8.1%
Americas 141,663 166,862 17.8%
Asia / Pacific 160,795 159,799 -0.6%
region
Press contact:
Jann Gerrit Ohlendorf
Director Corporate Communications Carl Zeiss Meditec AG
Phone 03641 220-331
E-mail: [email protected]
Investors contact:
Sebastian Frericks
Director Investor Relations Carl Zeiss Meditec AG
Phone: 03641 220-116
E-mail: [email protected]
www.zeiss.de/presse
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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
End of News DGAP News-Service
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