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MarketScreener Homepage  >  Equities  >  Xetra  >  Carl Zeiss Meditec AG    AFX   DE0005313704

CARL ZEISS MEDITEC AG

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Carl Zeiss Meditec : ZEISS presents integrated workflow advancements at AAO

11/16/2020 | 05:56am EST

The latest solutions from ZEISS help doctors advance ophthalmic care with new ways to maximize clinical efficiency and performance.

Medical Technology Segment of ZEISS will present its latest integrated diagnostic and surgical advancements at the 2020 American Academy of Ophthalmology's (AAO) Annual Meeting taking place virtually from Nov. 13-15. ZEISS will also be hosting multiple industry showcases and educational sessions with renowned experts throughout the event.

'We are continuing to expand our portfolio of integrated workflow solutions that span across the full continuum of care; retina, glaucoma, cataract, and corneal refractive,' says Ludwin Monz, President and CEO of Carl Zeiss Meditec. 'Digitalization presents many opportunities to improve treatment outcomes and increase the efficiency of clinical workflows. Our goal is to provide doctors and surgeons with advanced solutions to help them care for their patients in the best possible way,' adds Euan S. Thomson, President of Ophthalmic Devices and Head of the Digital Business Unit for Carl Zeiss Meditec.

Retina and Glaucoma Workflows - ZEISS integrated solutions transform critical information by combining, gathering, and associating data which aids physicians with interpreting, analyzing, and managing progression for optimized individual assessments. 'The proliferation of new and more advanced imaging devices, like the CIRRUS 6000 OCT and CLARUS ultra-widefield camera, has dramatically enhanced the diagnostic capabilities of retina specialists by providing easy capture of numerous complementary imaging modalities,' said Eric W. Schneider, MD, a retina physician at Tennessee Retina (Tennessee, USA).

Cataract Workflow - ZEISS has fully integrated VERACITY Surgical1 with ZEISS devices, including the Central Topography and new Barrett True-K TK (non-toric and toric) formula of the IOLMaster 700, as well as automatic toric IOL implantation support functions of CALLISTO eye. This total premium cataract workflow integration with ZEISS VERACITY Surgical boosts productivity so surgeons can deliver care to more patients in less time. 'I think there are quite a few cataract surgeons out there who could increase their surgical volume by using VERACITY Surgical to ensure their surgical workflow is seamless and efficient,' said Brandon D. Ayres, board-certified ophthalmologist at the Wills Eye Hospital (Pennsylvania, USA). 'Not only will it help increase surgical volume, but it will decrease administrative busy work inside of patient charts.'

Corneal Refractive Workflow - In the U.S. market, the use of the Lenticule Extraction with SMILE from ZEISS is growing more than 35 percent over last year against the U.S. market trend. For the first time in October 2020, more than 1 million treatments with SMILE were performed in a single year globally. 'I had Photorefractive keratectomy (PRK) years ago prior to deploying to Iraq. If given the choice today, I would definitely choose to get SMILE,' said Dr. Bruce A. Rivers, MD, medical director of Envue Eye & Laser Center (Maryland, USA). 'It's the best of both worlds - the healing of LASIK with the stability of PRK because there is no flap.' ZEISS is currently conducting a U.S. military study for the Lenticule Extraction with SMILE from ZEISS at three Department of Defense (DOD) sites. Additionally, with eight sites now enrolled, the clinical trial with the MEL 902 excimer laser from ZEISS is underway in the U.S. and recruiting all indications including myopia, hyperopia and mixed astigmatism.

ZEISS will kick off AAO 2020 Virtual with its Ophthalmic Virtual Experience on Nov. 12, and will continue to offer educational sessions, as well as an interactive virtual showroom, through Nov. 15.

1 ZEISS VERACITY Surgical is available in the U.S. only.

2 ZEISS VisuMax-MEL 90 combination not for sale in the U.S., not cleared/approved in U.S.

Contact for investors

Sebastian Frericks

Director Investor Relations

Carl Zeiss Meditec AG

Phone: +49 3641 220-116

investors.meditec@zeiss.com

Contact for the press

Laurie Ferguson

Head of Global Communications Ophthalmic Devices

Carl Zeiss Meditec

Phone +1 925 719 7825

laurie.ferguson@zeiss.com

Brief Profile

Carl Zeiss Meditec AG (ISIN: DE 0005313704), which is listed on the MDAX and TecDAX of the German stock exchange, is one of the world's leading medical technology companies. The Company supplies innovative technologies and application-oriented solutions designed to help doctors improve the quality of life of their patients. The Company offers complete solutions, including implants and consumables, to diagnose and treat eye diseases. The Company creates innovative visualization solutions in the field of microsurgery. With 3,232 employees (as of 30 September 2019) worldwide, the Group generated revenue of EUR1,459.3m in fiscal year 2018/19 (as of 30 September).

The Group's head office is located in Jena, Germany, and it has subsidiaries in Germany and abroad; more than 50 percent of its employees are based in the USA, Japan, Spain and France. The Center for Application and Research (CARIn) in Bangalore, India and the Carl Zeiss Innovations Center for Research and Development in Shanghai, China, strengthen the Company's presence in these rapidly developing economies. Around 41 percent of Carl Zeiss Meditec AG's shares are in free float. The remaining approx. 59 percent are held by Carl Zeiss AG, one of the world's leading groups in the optical and optoelectronic industries.

For further information visit: www.zeiss.com/med

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Carl Zeiss Meditec AG

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 1 471 M 1 776 M 1 776 M
Net income 2021 158 M 191 M 191 M
Net cash 2021 571 M 690 M 690 M
P/E ratio 2021 66,3x
Yield 2021 0,56%
Capitalization 10 545 M 12 749 M 12 733 M
EV / Sales 2021 6,78x
EV / Sales 2022 5,98x
Nbr of Employees 3 290
Free-Float 40,9%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 12
Average target price 103,42 €
Last Close Price 117,90 €
Spread / Highest target 23,0%
Spread / Average Target -12,3%
Spread / Lowest Target -53,4%
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Managers and Directors
NameTitle
Ludwin Monz President & Chief Executive Officer
Michael Kaschke Chairman-Supervisory Board
Justus Felix Wehmer Chief Financial Officer
Markus Guthoff Member-Supervisory Board
Christian Müller Member-Supervisory Board
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