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6 Months Press Conf. 1
 
Carl Zeiss Group on Double-digit Course of Growth Downloads and Links


Incoming orders up a quarter, revenues eight percent plus and rising, results strongly increasingRTF Documents
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6 Months Press Conf. 2
6 Months Press Conf. 3


STUTTGART/Germany, 23.05.2006.
In the first six months of fiscal year 2005/06 (October 1, 2005 - March 31, 2006), the Carl Zeiss Group once again presented significantly improved business figures. With an increase of 23 percent, incoming orders grew strongly over the same period last year, reaching a total of EUR 1,294 million. Growth was spread almost evenly in all important market regions: orders from Europe increased 21 percent, North America rose by 25 percent and Asia grew 16 percent.

At EUR 1,163 million, revenues were eight per cent above the corresponding value of the same period last year. EBIT (earnings before interest and taxes) rose clearly by almost 50 percent to EUR 153 million (105 million last year). The IFRS (International Financial Reporting Standards) accounting method is being used for the first time in the current year. Thus, a comparison to the previous year, particularly the result figures, is limited.

Business in the Medical Systems, Microscopy and Industrial Metrology Groups developed particularly dynamically, posting double-digit growth in all areas. The Semiconductor Technology Group also grew strongly. Only the Opto-Electronic Systems Group lagged behind the year before as a result of the periodicity of the optronics business and the downturn in display technologies.

At the press conference in Stuttgart on May 23, 2006, President and CEO Dr. Dieter Kurz explained that “The Carl Zeiss Group has developed exceptionally well in recent months. Our innovative power, customer orientation and dynamic portfolio management are the keys to our success. Carl Zeiss is in outstanding shape.”

With the current organizational structure, the Group is ideally positioned for the future. “Sustained growth and quickly rising earnings give the company added momentum. With a leading product line and first-class employees, we deliver outstanding benefits to our customers - this will also provide us with additional power in the future,” stated Kurz.

Pre-tax cash flow once again showed a marked increase. At EUR 191 million, it was around 15 percent above the previous year’s figure of EUR 166 million, equating to 16 percent of revenues. Investments in research and development, which reached a record value with EUR 109 million in the first half of fiscal year 2004/05, were slightly higher in the first half of 2005/06 at EUR 110 million.

As a result of the conversion in accounting methods, the equity ratio on March 31, 2006, declined to 18 percent (22 percent last year in accordance with the German Commercial Code). The Group's capital structure thus remained healthy and stable. At EUR 39 million, the company's EVA (Economic Value Added) ratio remained slightly behind the previous year’s figure. This reduction can also be traced exclusively to the changed accounting method.

Net liquid assets totaled EUR 517 million (last year EUR 507 million) at the end of the first half year.

CFO Dr. Michael Kaschke was satisfied with the figures: “Our earning power has reached a high level. With an EBIT ratio of 13 percent of revenues, the Carl Zeiss Group is among the top technology companies. The high liquidity provides us the leeway needed to make further additions to our portfolio.”

425 new jobs around the globe
On March 31, 2006, the Carl Zeiss Group had 11,597 employees, an increase of 121 over the end of fiscal year 2004/05 (11,476). This was due in large part to the growth in the Semiconductor Technology and Medical Systems Groups. In all, the Group has welcomed 425 new employees worldwide during the current fiscal year, 227 of them in Germany. In Germany, in particular, these are highly qualified workers. Additionally, the Semiconductor Technology Group will create 150 new jobs by September 30, 2006.

The Carl Zeiss Group focuses on three growth fields which offer good development potential over the long term - industrial solutions, medical and research solutions and lifestyle products. With the Semiconductor Technology, Industrial Metrology, Medical Systems, Microscopy and Opto-Electronic Systems Groups, the Carl Zeiss Group provides innovative solutions for users around the world.


Marc Cyrus Vogel
Vice President Corporate Communications
Carl Zeiss AG
Phone: +49 7364 20-3242
Fax: +49 7364 20-3122
E-Mail: vogel@zeiss.de

Number: 039/06 CC

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