Carl Zeiss Meditec Reports Growing Demand

Demand for intraocular lenses and microsurgery products boosted business for medical technology company Carl Zeiss Meditec AG in the first six months of its fiscal year. Revenue increased by around 4 percent year-on-year, to €461 million.

“Overall, we are satisfied with this performance,” said President and CEO Dr. Ludwin Monz. “We are particularly encouraged by the double-digit organic growth of our Surgical Ophthalmology business unit."

The company’s microsurgery unit saw revenues increase 0.3 percent over the first half of last year to €207.3 million; refractive lasers for the correction of myopia drove growth of 2.5 percent to €180.2 million in the ophthalmic systems unit; and surgical ophthalmology grew by 21.5 percent to €73.4 million.

The Europe, Middle East and Africa regions grew by 3.8 percent, to €158.5 million compared to €152.6 million last year, while unfavorable currency conversion rates hampered business in the Asia-Pacific and Americas regions. The Americas business declined by 1.5 percent; adjusted for currency effects, the region would have reported growth of 1.9 percent. Revenue from Asia grew 9.8 percent to €160.8 million.