Jenoptik Group raises EBIT forecast for fiscal year 2012 to 50 to 55 million euros

Positive development of business continued also in the 2nd quarter 2012 / Sales are expected to increase by 5 to 10 percent

(PresseBox) ( Jena, )
The business of the Jenoptik Group developed positively throughout the 1st half year 2012. Jenoptik benefits from the continuing implementation of its strategy of internationalization, the winning of new customers in the system business as well as from the better than expected business in Lasers & Optical Systems and Metrology segments. On this basis, the Executive Board of JENOPTIK AG today raised its forecasts for the full fiscal year 2012. Sales are now anticipated to increase by 5 to 10 percent (previous forecast 4 to 8 percent). The Executive Board expects the Group EBIT to come in between 50 and 55 million euros (previous forecast 45 to 50 million euros). The Jenoptik Group therefore expects to post also a successful 2012 fiscal year.

The Jenoptik Group also aims at continuing its profitable growth over the years ahead and achieving an average EBIT margin of around 9 to 10 percent extending over the market cycles and sales growth of approx. 10 percent. This sales target is expected to be realized primarily through organic growth.

The consistent continuation of internationalization with focus on North America and Asia will remain an essential element for future growth. "Jenoptik is positioning itself as a strategic partner of international customers and together with these shapes innovative trends in the areas of energy efficiency, security, health and mobility. It is important for us to have our own local structures and be close to the customer. We have made good progress in establishing new and expanding existing distribution and service structures in the 1st half-year 2012," says Jenoptik Chairman Michael Mertin summarizing the strategy.

Jenoptik is endeavoring to increase the share of sales in the regions mentioned above jointly to around 40 percent of Group sales over the medium to long term. Compared with 2011 this is roughly a doubling of the share. This is to be achieved by expanding the business with existing customers, winning new customers as well as by the local manufacture of entire components.

"Simultaneously, we use the good starting position to realign and harmonize our world-wide systems and processes and make them fit for the global presence of a high-tech group," says CFO Rüdiger Andreas Günther.

The figures for 1st half-year 2012 of the Jenoptik Group will be presented on August 9, 2012.
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