Jenoptik will intensify its focus on key competencies in photonics
According to provisional calculations, revenue grew 9.2 percent to around 748 million euros (prior year 684.8 million euros). EBIT improved at a faster rate than revenue, to just under 78 million euros (prior year 66.2 million euros), equating to an EBIT margin of 10.4 percent (prior year 9.7 percent). Jenoptik saw a strong fourth quarter in terms of order intake; over the full year, the company received new orders with a combined value of approximately 803 million euros (prior year 733.8 million euros).
Overall very good business performance was facilitated by strong demand from the semiconductor equipment industry and, on a regional level, strong growth in the US. Despite a substantial increase in capital expenditure, the free cash flow remained at a good level of around 72 million euros (prior year 79.4 million euros). “Our highly encouraging performance and solid financial resources let us look into the future with a lot of optimism,” says Stefan Traeger, President & CEO of JENOPTIK AG.
Focus on photonic technologies
The new strategy will enable a clearer focus on photonic technologies in all of the company’s initiatives and developments: “In a nutshell, this is Jenoptik’s strength and its core area of expertise: our photonics-based products and services provide our customers with the competitive edge they need. We’re going to concentrate our work on applications for attractive and promising photonic markets and continue to develop our business by focusing on ‘More Light’,” says Stefan Traeger. Areas of particular interest for Jenoptik will include information processing, smart manufacturing, sensing and metrology, as well as biophotonics.
The future organizational structure will shore up the focus on photonic technologies for high-growth markets and combine activities based on equal business models and a similar understanding of markets and customers. The OEM business will be concentrated under the headline “Light & Optics”, the business with the capital goods industry under “Light & Production,” and the business with the public sector under “Light & Safety”. “This leads to three divisions with shared technological competencies in photonics,” says the Jenoptik CEO. These competencies cover expertise relating to optics, sensors, imaging, robotics, data analysis, and human-machine interfaces.
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