CZM's Pre-tax earnings fell in the first nine months

Pre-tax earnings drop at Carl Zeiss Meditec in first nine months of its business year for German manufacturer of optical systems Carl Zeiss Meditec AG compared to the same period of the previous year.

Carl Zeiss Meditec reported on Friday

that its nine-month earnings before interest and tax (EBIT) declined to around €244.9 million ($268 million) from the prior year's €275.9 million.

The EBIT margin was 16.2%, compared to last year's 20.7%.

In the first nine months, Carl Zeiss Meditec generated revenue of around €1.51 billion, representing growth of 13.3% from the prior year's €1.33 billion.

Adjusted for currency effects, growth was 12.9%.