Carl Zeiss Meditec (AFX) investor relations material
Carl Zeiss Meditec Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Market environment and growth drivers
Structural tailwinds from aging populations, rising myopia, and increasing cataract procedures drive demand for ophthalmic solutions and efficient workflows.
Global myopia prevalence is projected to reach nearly 50% by 2050, with high myopia also accelerating, especially in high-income regions.
Premium intraocular lenses (IOLs) are expected to grow at 8% CAGR by unit, with their revenue share rising to 53% by 2029.
Digitalization and integrated workflow solutions are reshaping healthcare delivery in ophthalmology and microsurgery.
Financial performance and portfolio
Revenue reached €2,227.6 million in 2024/25, with 77% from ophthalmology and 23% from microsurgery.
EBITA margin declined to 11.6% in 2024/25 from 16.7% in 2022/23, reflecting margin pressure.
Recurring revenue now accounts for ~50% of total revenue, up from 9% in 2002/03, supporting more stable growth.
APAC is the largest regional contributor, generating 44.5% of revenue, followed by EMEA and the Americas.
Technology, innovation, and market position
Maintains leading positions in microsurgery visualization (>60% market share) and strong rankings in chronic disease management and refractive surgery.
R&D investment remains high, with a ratio above 16% of revenue, driving innovation in digital workflows and integrated solutions.
Offers a comprehensive portfolio in eye diagnostics and surgery, with gold standard systems and strong connectivity between devices and data.
Integrated digital ecosystems and workflow solutions enhance clinical outcomes and operational efficiency.
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