ZEISS Meditec Reports Solid Revenue Gains

With 3 quarters of the fiscal year complete on June 30, ZEISS Meditec reports 6.7% year over year revenue increase, aided by a favourable currency trend.  Adjusted for currency affects, revenue growth was 4.5%. Revenue in both the Ophthalmic Systems unit and the Surgical Ophthalmology unit outpaced total growth, showing increases of 7.5% and 8.6% respectively. The two units account for 73.4% of the Groups total revenue.

Virtually all the growth was derived from the Asia Pacific area (+20.3%).  Europe showed marginal growth while the Americas region had a marginal increase due entirely due to favourable currency affects. Research and Development expense ratio remained the same as the prior year, at 11.3 %.

The report attributes strict cost control to a significant boost to earnings before interest and taxes (EBIT). EBIT reached € 110.5 million for the 9-month period  reaching 13.8% of revenue versus 12.0% compared with same period last year.

Source: http://applications.zeiss.com/C1257A290053AE30/0/F1B83BAFEB012F8FC1257FFF004BB172/$FILE/9_month_report_1516.pdf

 

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