ZEISS Group Reports Strong Revenue Growth and High Investments in Research and Development for Fiscal Year 2023/24
On Wednesday, December 18th, 2024, the ZEISS Group announced their financial results for the fiscal year 2023/24. The company reported a significant increase in revenue, reaching just under 11 billion euros (10.894 billion euros), an 8% growth from the previous year. However, their earnings before interest and taxes (EBIT) decreased to 1,444 million euros (from 1,686 million euros in the prior year), resulting in an EBIT margin of 13%.
The ZEISS Group is a leading technology company in the fields of optics and optoelectronics, offering innovative solutions for the semiconductor, industrial, medical, and consumer markets. With more than 46,000 employees worldwide, the company has a global presence and is committed to providing cutting-edge technology and services to their customers.
Despite the challenging market environment caused by geopolitical tensions and a weaker global economy, the ZEISS Group was able to achieve strong revenue growth in all four of their segments. The Semiconductor Manufacturing Technology segment saw the highest increase, with a growth of 16% (adjusted for currency effects). The Industrial Quality & Research segment also showed a positive development, with a 3% increase in revenue (5% after adjusting for currency effects). The Medical Technology segment, which is not identical to the Carl Zeiss Meditec Group, reported a 4% growth in revenue (7% after adjusting for currency effects). The Consumer Markets segment also saw a 3% increase in revenue (4% after adjusting for currency effects).
Dr. Karl Lamprecht, President and CEO of ZEISS, commented on the company’s performance, stating, “Overall, we ended fiscal year 2023/24 with a good result and revenue growth. At the same time, it was not possible for all areas to escape the impact of current developments on the global markets.” He also emphasized the company’s commitment to innovation, with a record 15% of revenue being spent on research and development, as well as investments in expanding their personnel and infrastructure.
Looking ahead, the company recognizes the challenges posed by the current market environment and the need to reinforce resilience measures. The ZEISS Group remains committed to delivering high-quality products and services to their customers while navigating these challenges.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.