Carl Zeiss Meditec Cuts FY 23/24 Outlook Revenue And EBIT
June 17 (Reuters) -CARL ZEISS MEDITEC AG AFXG.DE:
REVENUE AND EBIT FORECAST FOR FISCAL YEAR 2023/24 REDUCED AMID SLOWER THAN EXPECTED RECOVERY OF EQUIPMENT BUSINESS
IN COMBINED MONTHS OF APRIL AND MAY 2024, ORDER ENTRY, REVENUE AND EBIT CONTINUED TO FALL SHORT OF PREVIOUS YEAR'S LEVEL
REVENUE IS NOW EXPECTED TO REACH AROUND EUR 2,000 MILLION
OUTLOOK 2023/2024: EBIT (EXCLUDING EFFECTS RELATED TO DORC ACQUISITION) WILL FALL SIGNIFICANTLY SHORT OF PREVIOUSLY STATED TARGET OF A COMPARABLE LEVEL TO LAST YEAR (EUR 348.1 MILLION) AND REACH A LEVEL BETWEEN AROUND EUR 215 MILLION UP TO AROUND EUR 265 MILLION
MANAGEMENT IS TAKING FURTHER MEASURES TO REDUCE OPERATING EXPENSES
A FURTHER UPDATE WILL BE PROVIDED WITH Q3 2023/24 RESULTS ON AUGUST 6, 2024
MIDTERM GOALS UNCHANGED
SLOWER THAN ANTICIPATED ROLL-OUT OF NATIONAL VOLUME-BASED PROCUREMENT FOR INTRAOCULAR LENSES IN CHINA IS ALSO CAUSING AN ADDITIONAL HEADWIND TO REVENUE AND EBIT
Source text for Eikon: ID:nEQ3NGBWwa
Further company coverage: AFXG.DE
(Gdansk Newsroom)
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