Medical technology company Carl Zeiss Meditec cuts revenue forecast [Yahoo! Finance]
CARL ZEISS MEDI UNSP/ADR (CZMWY)
NASDAQ:AMEX Investor Relations:
zeiss.com/meditec-ag/investor-relations.html
Company Research
Source: Yahoo! Finance
and a 3% drop in annual adjusted revenue for the first eight months of fiscal 2023-24. The company said it now expects fiscal revenue of €2 billion ($2.14 billion) compared its previous expectation of €2.1 billion to €2.15 billion . This outlook excludes the contribution from the acquisition of the DORC, the Dutch Ophthalmic Research Center, which continues to be estimated at an additional €100 million for the second half of the fiscal year. In the first 8 months of the fiscal year, the preliminary revenues were €1.258 billion, compared to €1.297 billion last year. The company said Earnings Before Interest and Taxes (EBIT), excluding effects related to the DORC acquisition, will fall significantly short of the previously stated target of a comparable level to last year's €348.1 million and reach a level between around €215 million to €265 million. Carl Zeiss Meditec plans to publish the quarterly statement for 9 months of 2023-24 on August 6.
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Analyst Actions
- 6/18/24 - KEPLER CHEUVREUX