12.02.2016
Carl Zeiss Meditec AG DE0005313704
DGAP-News: Carl Zeiss Meditec AG grows, boosted by currency tailwinds / Strongest growth once again in Surgical Ophthalmology
DGAP-News: Carl Zeiss Meditec AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
Carl Zeiss Meditec AG grows, boosted by currency tailwinds / Strongest
growth once again in Surgical Ophthalmology
12.02.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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Carl Zeiss Meditec AG grows, boosted by currency tailwinds / Strongest
growth once again in Surgical Ophthalmology
Revenue increases by 8.9 percent (adjusted for currency effects: 3.8
percent) to EUR 262.6 million in the first quarter of the fiscal year /
EBIT margin reaches 12.3 percent
JENA, 12 February 2016
The first three months of fiscal year 2015/16 were successful overall for
Carl Zeiss Meditec AG: Boosted by a favorable development of the most
important currencies, the medical technology company generated revenue of
EUR 262.6 million (prior year: EUR 241.1 million); earnings before interest
and tax (EBIT) increased by 15.6 percent year-on-year, to EUR 32.2 million,
corresponding to an EBIT margin of 12.3 percent (prior year: 11.6 percent).
Revenue from the three reporting regions and strategic business units grew
further in the reporting currency during the first quarter
Currency effects also affected earnings per share at the beginning of the
year: due primarily to the negative results from currency hedges, which
are offset by positive effects in the operating result, consolidated profit
after non-controlling interests amounted to around EUR 16.7 million,
corresponding to a decline of 8.8 percent compared with the year-ago
figure.
"The quarter was characterized by positive currency effects and, within the
regions, by very heterogeneous development. Thanks to our balanced
presence, we achieved a good overall result once again," says Dr. Ludwin
Monz, President and CEO of Carl Zeiss Meditec AG. "Unlike other industries,
we can also report largely stable development, for the time being, in our
high-growth business in China."
Key figures by business segment at a glance
Once again, the Surgical Ophthalmology strategic business unit (SBU)
achieved the highest growth rates. Revenue climbed by 13.6 percent in the
reporting period, compared with the year-ago quarter, to EUR 92.6 million
(prior year: EUR 81.6 million). Even after adjustment for currency effects,
this growth was still in the double digits, at 10.7 percent. Surgical
workstations for optimized workflow in ophthalmology, and intraocular
lenses, were once again in high demand, as were systems for optical
biometry.
The Ophthalmic Systems SBU increased its revenue by 7.5 percent in the
reporting period, to EUR 98.6 million (prior year: EUR 91.7 million). After
adjustment for currency effects, however, this growth would only have
amounted to 0.7 percent.
The Microsurgery SBU generated revenue of EUR 71.3 million, which
corresponds to an increase of 5.2 percent compared with the year-ago figure
of EUR 67.8 million; adjusted for currency effects, revenue is on a par
with the prior year.
Revenue by region
The three global regions made varying contributions to the Company's
revenue; once again, the greatest growth came from the Asia/Pacific (APAC)
region, even after adjusting for currency effects.
In the EMEA region (Europe, Middle East and Africa), significant
contributions to growth came in particular from Germany and the United
Kingdom; development in Southern Europe was mixed. On balance, revenue in
the EMEA region increased by 4.2 percent, to EUR 90.2 million (prior year:
EUR 86.5 million).
Revenue in the Americas region benefited from the strong U.S. dollar and -
even on a currency-adjusted basis - from a positive trend in Latin America.
Overall, revenue growth of 10.1 percent to EUR 88.8 million was achieved
(prior year: EUR 80.6 million). Adjusted for currency effects, the region
would have recorded a slight decline of 1.4 percent, because the
development of the U.S. business remained subdued.
The APAC region once again recorded the highest growth, increasing its
revenue by 13.1 percent, to EUR 83.6 million (prior year: EUR 73.9
million). After adjustment for currency effects, this corresponds to growth
of 9.1%.
According to President and CEO, Dr. Ludwin Monz, the first quarter has not
changed expectations for the fiscal year: "We shall continue to strive for
growth that is at least on a par with market growth, and for an EBIT margin
in the range of 13 to 15 percent."
Revenue by strategic business unit
Figures in 3 Months 3 Months Change from Change from prior year EUR'000 2014/15 2015/16 prior year (adjusted for currency effects) Ophthalmic Systems 91,742 98,634 + 7.5% + 0.7% Surgical Ophthalmol- ogy 81,570 92,644 + 13.6% + 10.7% Microsurgery 67,778 71,323 + 5.2% - 0.1%Revenue by region Figures in 3 Months 3 Months Change from Change from prior year(adjusted EUR'000 2014/15 2015/16 prior year for currency effects) EMEA 86,549 90,195 + 4.2% + 4.5% Americas 80,639 88,815 + 10.1% -1.4% APAC 73,902 83,591 + 13.1% + 9.1%Contact for the press Jann Gerrit Ohlendorf, Director Communications, Carl Zeiss Meditec AG Phone: +49 (0)3641 220-331, Email: [email protected] Contact for investors Sebastian Frericks, Director Investor Relations, Carl Zeiss Meditec AG Phone: +49 (0)3641 220-116, Email: [email protected] http://www.zeiss.de/med/presse --------------------------------------------------------------------------- 12.02.2016 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, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 436805 12.02.2016
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