Carl Zeiss Meditec AG

AFX: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Carl Zeiss: Weak Preliminary Readout and Guidance Warning Plunge Shares; Lowering FVE

Keonhee Kim

Jan 22, 2026

Carl Zeiss reported preliminary first-quarter results with revenue down roughly 5% (versus FactSet's estimate of flat) and EBITA margin of 2%, down 500 basis points from last year's. Management warned that full-year guidance is unlikely to be met, sending shares down 17%.

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Carl Zeiss Meditec AG

Carl Zeiss: Weak Preliminary Readout and Guidance Warning Plunge Shares; Lowering FVE

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