Press Release
ZEISS presents half-year figures: high-tech drives growth
Revenue achieved in first half of fiscal year grows to EUR 2.8 billion – EBIT at prior-year level despite negative currency effects.
18 May 2018
- Semiconductor Manufacturing Technology segment sees major growth thanks to future-oriented EUV
- Medical technology and industrial metrology business still on track for growth
- Kaschke: “High-tech solutions from ZEISS are playing a major role in shaping the digital future”
- Positive outlook for second half of fiscal year
Oberkochen, Germany | 14 May 2018 | Corporate News
The first six months of fiscal year 2017/18 (ended 31 March 2018) were successful for the ZEISS Group and saw its revenue rise by 9 percent to EUR 2.773 billion (1st six months of 2016/17: EUR 2.550 billion), and as much as 13 percent after adjustments for currency effects. At EUR 380 million, the earnings before interest and tax (EBIT) were high despite clearly negative currency effects compared to the previous year (EUR 384 million). The EBIT margin is at 14 percent. Incoming orders hit EUR 2.839 billion (1st six months of 2016/17: EUR 2.743 billion).
“It is our business in the high-tech fields of semiconductor manufacturing technology, industrial metrology and medical technology in particular that are enabling our growth and helping further advance the ZEISS Group,” said Prof. Dr. Michael Kaschke, President and CEO of ZEISS. “We are benefitting once again from our balanced and future-oriented portfolio and our broad global footprint.”
Segment development
Revenue (in millions of euros)
1st six months of 2017/18
|
1st six months of 2016/17
|
Difference
(like-for-like)
|
|
---|---|---|---|
Research & Quality Technology |
737 |
743 |
-1% (+4%) |
Medical Technology |
724 |
682 |
+6% (+13%) |
Vision Care/Consumer Products |
538 |
553 |
-3% (+ 3%) |
Semiconductor Manufacture Technology |
732 |
541 |
+35% (+36%) |
Key figures
ZEISS generates around 90 percent of its business outside Germany. The pace of growth differs greatly by region. This positive business trend is borne in particular by the dynamically developing economies in the APAC region.
ZEISS has increased expenditure on research and development by around 20 percent: in the first half of fiscal year 2017/18 this amounted to EUR 298 million (1st half of 2016/17: EUR 247 million).
Investments in property, plant and equipment amounted to EUR 115 million in the reporting period (1st half of 2016/17: EUR 75 million). These compared to depreciations totaling EUR 77 million (1st half of 2016/17: EUR 76 million).
On 31 March 2018, net liquidity amounted to EUR 2,036 million, which was EUR 50 million above the figure posted at the end of fiscal year 2016/17.
Free cash flow totaled EUR 349 million (1st half of 2016/17: EUR 264 million). With a figure totaling EUR 3,549 million, the company’s equity rose by around 3 percent over the end-of-year figure for fiscal year 2016/17 (30 September 2017: EUR 3,429 million).
The number of employees increased by 8 percent. Almost 800 new employees were hired in Germany alone. On 31 March 2018, ZEISS had a global workforce of around 28,300 employees.
Outlook: Continuing the growth trajectory
Press contact
Jörg Nitschke
Head of Corporate Brand, Communications and Public Affairs
ZEISS Group