Added to YB: 2025-12-13
Pitch date: 2025-12-11
AFX.DE [neutral]
Carl Zeiss Meditec AG
+3.57%
current return
Author Info
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Company Info
Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia.
Market Cap
EUR 3.8B
Pitch Price
EUR 39.18
Price Target
N/A
Dividend
1.40%
EV/EBITDA
17.27
P/E
24.98
EV/Sales
1.99
Sector
Health Care Equipment and Supplies
Category
N/A
Carl Zeiss Meditec (AFX Germany): strong top line, but margins still searching for momentum
AFX.DE (update): Q4 rev +8% YOY to €627M on strong ophthalmic & microsurgery demand (Kinevo 900 S driving double-digit growth), but EBITA margins disappointed at 13% vs expectations due to mix effects & pricing pressure. China refractive surgery flat, constraining growth. Mid-single-digit rev growth guidance to €2.3B by FY26, margins to edge up to 12.5-13%. Transition phase with execution risks.
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