16.12.2015
Carl Zeiss Meditec AG DE0005313704
DGAP-News: Carl Zeiss Meditec AG increases revenue to EUR 1,040 million / Market shares expanded in a number of markets
DGAP-News: Carl Zeiss Meditec AG / Key word(s): Final Results
Carl Zeiss Meditec AG increases revenue to EUR 1,040 million / Market shares
expanded in a number of markets
16.12.2015 / 07:00
The issuer is solely responsible for the content of this announcement.
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Carl Zeiss Meditec AG increases revenue to EUR 1,040 million / Market
shares expanded in a number of markets
Medical technology company benefits from currency effects/Earnings impacted
by special effects
JENA, 16 December 2015
Carl Zeiss Meditec AG looks back on another positive fiscal year: boosted
by positive currency effects, the medical technology company's revenue
passed the billion mark in fiscal year 2014/15, with a 14 percent increase
to EUR 1,040 million. Adjusted for currency effects, this equates to growth
of around 8 percent over the prior year. Earnings before interest and taxes
(EBIT) increased by 8 percent, to EUR 130.6 million (prior year: EUR 120.7
million). The EBIT margin of 12.6 percent (prior year: 13.3 percent) was
impacted by additional strategic investments in research and development.
Adjusted for these additional investments, the EBIT margin would have been
at at 13.8 percent and thus at the same level as in the prior year - also
thanks to the positive currency effect on operating result (prior year:
13.7 percent). The Company's growth was attributable - to varying degrees -
to all three business units and global regions.
"A strong fourth quarter and tailwind from the exchange rates of major
currencies supported the good operating result. In contrast to the positive
currency effects on operating result, we had to accept charges from
currency hedging and write-downs in the financial result," says Dr. Ludwin
Monz, President and CEO of Carl Zeiss Meditec AG.
Key figures by business unit at a glance
Once again, the strategic business unit (SBU) Surgical Ophthalmology
achieved the strongest growth in the fiscal year. Revenue increased by 22.5
percent (adjusted for currency effects 19.0 percent), to EUR 355.3 million
(prior year: EUR 290.0 million). Business was driven both by good demand
for intraocular lenses and consumables for cataract surgery and for
surgical workstations for ophthalmology.
Revenue of the Ophthalmic Systems SBU increased by 12.2 percent (adjusted
for currency effects, 3.9 percent), to EUR 392.0 million (prior year: EUR
349.3 million). As in the previous quarters, the area of diagnostics
suffered from price and competitive pressure, while the refractive laser
business for the correction of vision defects, including per-procedure
business in this segment, performed very well.
The Microsurgery SBU benefited significantly from currency effects in the
reporting period, with revenue growth of 8.5 percent, to EUR 292.8 million
(prior year: EUR 270.0 million). After adjustment, this growth would equate
to 2.7 percent. Business in Japan, in particular, which is especially
important for this business unit, declined compared with a strong figure in
the prior year.
Revenue by region
The Company's revenue was boosted by growth in all three of its global
regions; however, after adjustment for currency effects, the highest growth
rate was once again recorded in the Asia/Pacific region.
The development of the individual markets in the region Europe, Middle East
and Africa (EMEA) region was heterogeneous. Germany and the UK were the
main growth drivers, with a revenue increase of 9.4 percent, to EUR 358.8
million. Bolstered by the strong dollar, revenue in the Americas region
increased by 21.9 percent, to EUR 361.9 million Adjusted for currency
effects, this region grew by 6.0 percent. At EUR 319.4 million, revenue in
the Asia/Pacific (APAC) region was up by 12.3 percent year-on-year
(adjusted for currency effects: 10.1 percent). High growth rates in China
and India more than compensated in this region for a downturn in the
Japanese market.
The Company's financial result was curbed by non-operating effects: due to
the current strength of the dollar against the euro, currency hedging costs
impacted earnings per share just as much as charges from strategic
investments. Earnings per share (EPS) decreased accordingly by around 17
percent compared with the prior year.
"We are satisfied with the results for the fiscal year. In spite of a
difficult market environment, we once again succeeded in winning market
shares in a number of markets," says Ludwin Monz. According to Dr. Monz,
the Company can be expected to grow at least as fast as the underlying
markets in the coming fiscal year - with an EBIT margin that should be
within the range of 13-15 percent in 2015/16 and in the medium term.
Revenue by strategic business unit
Figures in FY FY Change from Change from prior year EUR'000 prior year (adjusted for currency effects) 2013/2014 2014/2015 Ophthalmic 349,314 391,958 + 12.2% + 3.9% Systems Surgical 289,984 355,267 + 22.5% + 19.0% Ophthalmology Microsurgery 269,957 292,836 + 8.5% + 2.7%Revenue by region Figures in FY FY Change from Change from prior year EUR'000 prior year (adjusted for currency effects) 2013/2014 2014/2015 EMEA 328,063 358,753 + 9.4% + 8.9% Americas 296,781 361,882 + 21.9% + 6.0% APAC 284,411 319,426 + 12.3% + 10.1%Press contact: Jann Gerrit Ohlendorf, Director Corporate Communications, Carl Zeiss Meditec AG Phone: +49 (0)3641 220-331, E-mail: [email protected] Investor contact: Sebastian Frericks, Director Investor Relations, Carl Zeiss Meditec AG Phone: +49 (0)3641 220-116, E-mail: [email protected] http://www.zeiss.de/med/presse --------------------------------------------------------------------------- 16.12.2015 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 --------------------------------------------------------------------------- 424061 16.12.2015
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