Carl Zeiss Meditec shrugs off gloom with double-digit growth
Carl Zeiss Meditec has reported double-digit increases in both sales and earnings for the year ended September 30. The Germany-headquartered company, which is a global leader in optics-based medical instruments, posted sales of €861.9 million, up nearly 14% on the previous year's total (though only 9.4% after currency fluctuations are accounted for). And despite the weak global economy, that translated into a strong bottom-line performance, with earnings before interest and taxes increasing at an even faster rate, up 19% on last year to €122.9 million thanks to wider margins. As a result, Meditec is increasing its ...
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