ZEISS Scores Record Revenue for 2016
ZEISS Group reported record revenue and earnings across all business lines for the fiscal year ending September 2016. Total revenue reached €4.881 billion euros. The Vision Care products segment, which accounts for 22.3% of revenue contributed with a good growth performance of +8% year over year, thanks to successful new product launches according to the company.
Expenditures in Research and Development remained at high levels during the year, at 8.9% of revenue.
Notwithstanding expected slowdown in emerging countries, Dr. Michael Kaschke, President and CEO of Carl Zeiss AG foresees continued growth, attributed to the focus of the ZEISS employees, “Our skilled and highly motivated employees are actively shaping global megatrends in the areas of digitalization, Smart Production and health care,” says Kaschke explaining his expectations for growth.
Read the company’s release on Full Year results HERE.