11.05.2016
Carl Zeiss Meditec AG DE0005313704
DGAP-News: Carl Zeiss Meditec AG: Carl Zeiss Meditec AG records revenue growth of 8.6 percent
DGAP-News: Carl Zeiss Meditec AG / Key word(s): Quarterly / Interim
Statement/Half Year Results
Carl Zeiss Meditec AG: Carl Zeiss Meditec AG records revenue growth of 8.6
percent
11.05.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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Carl Zeiss Meditec AG records revenue growth of 8.6 percent
Earnings per share and EBIT increase/forecast for fiscal year specified in
more detail
JENA, 11 May 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%). 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 6 Months 6 Months Change from Change from
EUR'000 2014/15 2015/16 previous previous year
year (adjusted for
currency effects)
Ophthalmic 183,199 203,560 + 11.1% + 6.8%
Systems
Surgical 173,040 188,094 + 8.7% + 6.6%
Ophthalmology
Microsurgery 141,718 149,127 + 5.2% + 1.8%
Revenue by region
Figures in 6 Months 6 Months Change from Change from
EUR'000 2014/15 2015/16 previous year previous year
(adjusted for
currency effects)
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%
Press contact:
Jann Gerrit Ohlendorf
Director Corporate Communications Carl Zeiss Meditec AG
Phone +49 (0)3641 220-331
Email: [email protected]
Investors contact:
Sebastian Frericks
Director Investor Relations Carl Zeiss Meditec AG
Phone: +49 (0)3641 220-116
Email: [email protected]
www.zeiss.de/presse
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11.05.2016 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,
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Media archive at www.dgap-medientreff.de and 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; Terminbörse EUREX
End of News DGAP News Service
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