Added to YB: 2025-12-13
Pitch date: 2025-12-11
AFX.DE [neutral]
Carl Zeiss Meditec AG
-31.09%
current return
Author Info
Lux Opes Research covers European companies. Lots of them. Sign up for the newsletter.
Company Info
Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia.
Market Cap
EUR 2.4B
Pitch Price
EUR 39.18
Price Target
N/A
Dividend
2.03%
EV/EBITDA
9.67
P/E
16.81
EV/Sales
1.30
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.
Read full article (2 min)