Thornwood, NY—Zeiss announced it increased both its revenue and earnings: revenue rose to EUR 4.287 billion versus EUR 4.190 billion in 2013. This equated to an increase of 2%. However, negative currency effects adversely impacted the revenue and earnings. Without these effects the increase in revenue would total 5%. Earnings (EBIT) grew by 14% to EUR 360 million compared to EUR 315 million in 2013. The EBIT margin lay slightly above 8% mark.
“Overall, 2013/14 was a successful fiscal year for the Zeiss Group,” said Dr. Michael Kaschke, president and CEO of Carl Zeiss AG. “Thanks to our broad portfolio we have remained on track to further growth despite the difficult conditions confronting us in the global economy. However, the business groups developed differently and did not meet our expectations in all cases.” The revenue trend in the Consumer Optics business group fell short of expectations. zeiss.com
