Carl Zeiss Meditec AG reports further growth and defines expectations for fiscal year 2018/19
JENA/Germany | 12 April 2019 | Carl Zeiss Meditec AG
Carl Zeiss Meditec (ISIN: DE0005313704) has grown revenues to around EUR 667 million in the first six months of fiscal year 2018/19, based on preliminary data. This corresponds to a growth rate of approx. 9% against the previous year’s value of EUR 613.7 million. Adjusted for currency effects, the growth rate was around 7%.
Carl Zeiss Meditec now further defines its expectations for the full year 2018/19: Revenue is expected to reach between EUR 1,350 million and EUR 1,420 million (previous year: EUR 1,280.9 million).
Earnings before interest and taxes (EBIT) are expected to rise significantly in the first half of 2018/19 to a level of around EUR 110 million (previous year: EUR 88.2 million). EBIT margin (EBIT as a % of revenue) will amount to around 16.5% in the first half of 2018/19 (previous year: 14.4%). The increase was supported by a positive trend in product mix with a high share of recurring revenue, in particular.
In light of these developments, Carl Zeiss Meditec raises the expectation for full year EBIT margin. EBIT margin is now expected to reach a corridor of 15.0% - 17.5% (previously: 14.0% - 16.0%). EBIT margin had amounted to 15.4% in the previous year 2017/18.
The six months 2018/19 financial report will be published on May 6, 2019.