Carl Zeiss Meditec AG (CZMWY) Q4 2025 Earnings Call Transcript
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SA Transcripts157.36K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Carl Zeiss Meditec AG (CZMWY) Q4 2025 Earnings Call December 11, 2025 4:00 AM EST Company Participants Sebastian Frericks - Director of Investor RelationsJustus Wehmer - CFO & Member of the Management BoardAndreas Pecher Conference Call Participants Jack Reynolds-Clark - RBC Capital Markets, Research DivisionFalko Friedrichs - Deutsche Bank AG, Research DivisionOliver Metzger - ODDO BHF Corporate & Markets, Research DivisionLauren Mitchell - Goldman Sachs Group, Inc., Research DivisionSven KuertenWolfgang LicklDavide Marchesin - Equita SIM S.p.A., Research DivisionVolker Stoll - Landesbank Baden-Wurttemberg, Research DivisionRichard Hombach - Sanford C. Bernstein & Co., LLC., Research DivisionDavid Adlington - JPMorgan Chase & Co, Research DivisionGraham Doyle - UBS Investment Bank, Research Division Presentation Sebastian FrericksDirector of Investor Relations Okay. So welcome everybody to Frankfurt. Thanks for joining us today -- the conference today for our year-end. I think it will surprise nobody if I'm -- I say we planned it a little bit differently in light of this week's news. I'm delighted to have Andreas with us, CEO of the ZEISS Group and as of January 1, our new interim CEO at Meditec as well. And Justus, of course, was always planned to be here today. So no, thank you very much for joining us. Also, warm welcome to everybody joining us online for this year-end conference, our numbers out this morning. We'll first, as you would typically expect, go through the financials, go through the outlook for fiscal '25, '26 and after that you will have Andreas do a bit of a strategic review on a high level of Meditec, how -- and, of course, then you can ask us with questions on both items afterwards. So it's not a very complicated agenda. We'll have the presentation, we'll have the Q&A afterwards, and we'll -- we can have some lunch afterwards and continue the conversation a little bit. I wanted to let you know that Andreas, because this