ZEISS Group sees positive outcome with strong revenue growth

ZEISS Group’s annual revenue for the fiscal year 2023/24 has reached an impressive 10.894 billion euros, marking an 8% increase from the previous year. Despite this growth, the company’s earnings before interest and taxes (EBIT) decreased to 1.444 billion euros from 1.686 billion euros in the prior year, resulting in an EBIT margin of 13%.

The company’s four segments, namely Semiconductor Manufacturing Technology, Industrial Quality & Research, Medical Technology, and Consumer Markets, all contributed to the overall revenue growth. However, the segments were impacted to varying degrees by the increasingly challenging market environment, including geopolitical tensions and a weaker global economy.

Dr. Karl Lamprecht, President and CEO of ZEISS, expressed satisfaction with the company’s performance in the past fiscal year, 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.”

In order to maintain its success, ZEISS has invested a record 15% of its revenue in research and development, the highest amount in the company’s history. They have also focused on expanding their personnel and infrastructure.

The Semiconductor Manufacturing Technology segment saw the highest growth, with a 16% increase in revenue. In contrast, the Industrial Quality & Research, Medical Technology, and Consumer Markets segments reported a 3-4% growth, adjusted for currency effects.

Looking ahead, ZEISS acknowledges the need to reinforce resilience measures in light of the challenging market environment for the direct-to-market segments. However, with its strong innovative capabilities and investments in research and development, the company remains confident in its ability to navigate these challenges and continue its growth trajectory.