Jenoptik closes 2017 fiscal year with record figures
(PresseBox) - .
Jenoptik closed the 2017 fiscal year with new record figures, particularly in revenue and earnings. Group revenue rose by 9.2& Life Science and Mobility segments. Overall very good business performance was facilitated by greater demand for optical systems in the semiconductor equipment industry and for traffic safety technology. The Group also successfully completed its acquisitions of the British company ESSA Technology, in January 2017, and the US firm Five Lakes Automation, in August 2017. Both companies have already been integrated in the Mobility segment.
?After the good performance seen in the first nine months of 2017, our business gained further momentum toward the end of the year. With revenue of 192.2& CEO of the Executive Board of JENOPTIK AG since May
On a regional level, growth came from the strategic target regions of the Americas and Asia/Pacific. These two regions combined saw very positive development, with revenue rising to 38.1
Sharp improvement in operating results
Jenoptik also achieved new record EBIT and EBITDA figures. Due to mix effects, EBIT outperformed revenue, growing by 17.6& Life Science segment made a considerably increased contribution to the improvement in earnings.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased steadily over the course of the year and also outperformed revenue, growing 12.5
Solid order book and project pipeline create good conditions for further growth
Jenoptik also saw a strong fourth quarter in terms of order intake; over the full year, the Group received new orders with a value of 802.9
Despite a significant increase in capital expenditure, the free cash flow, at 72.2
?We have the best prerequisites for future organic growth and acquisitions now that we?ve eliminated debt, and with the earnings we achieved, healthy cash flows, and the available financing framework,? says Hans-Dieter Schumacher, Chief Financial Officer of JENOPTIK AG.
Higher dividend proposed
On the basis of the Group?s solid earnings and good financial resources, the Executive and Supervisory Boards of JENOPTIK AG will propose an increased dividend payment of 0.30ercent).
Employee numbers abroad continued to grow
The number of Jenoptik employees (incl. trainees) rose 4.0
Performance in the segments
The Optics & Life Science segment ended the 2017 fiscal year with a new revenue and earnings record, primarily due to a very positive growth in the semiconductor equipment industry. Revenue rose by 17.1& Industry contributed to growth in the segment. The EBIT margin reached a new record high of 19.5areas such as the semiconductor equipment, the information and communication technology, and the biophotonics industries.
The Mobility segment reported growth of 9.0egy, the Mobility business with the Automotive and Traffic Solutions divisions will focus on attractive end-customer markets in the fields of industrial manufacturing, known as ?smart manufacturing?, as well as public safety and infrastructure. Here the key driver of growth will be the combination of our expertise with modern sensor systems, imaging, and data competency.
In the Defense & Civil Systems segment, revenue and EBIT remained stable, at 219.3 and 19.2on euros, which included several major projects. In the future, business based on photonic technologies will be carved-out from the Defense& Civil Systems segment and integrated into today?s Optics& Life Science segment. To boost its market position, business based on mechatronic technologies will operate under a new, independent brand.
Growth is to accelerate further in coming years
For 2018, the Executive Board is confirming its original growth target and aiming for revenue to be between 790 and 810
By 2022, revenue is expected to increase in the mid- to high-single-digit percentage range per year on average. The EBITDA margin will also improve to around 16
Strategy 2022: focus on photonic technologies
The new strategy has a stronger 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. In this new stage of our development, internationalization and innovation are becoming ever more important. We want to increase our R+D output to around 10r.
As one of the first steps in implementing the new strategy under the headline of ?More Light,? we will develop the divisions? strategic roadmaps and implement an active portfolio management in 2018. Business in Asia will be reorganized in 2018, and the mechatronics business managed under an independent brand. A new corporate culture will form the basis for future success. Chief Financial Officer Hans-Dieter Schumacher: ?Our business and reporting structures will accordingly change on January
The ?Jenoptik app? can be used to view the Annual Report on mobile devices running iOS or Android. Images for download can be found in the Jenoptik image database in the ?Current Events/Financial Reports? gallery.
This press release may contain statements relating to the future which are based on current assumptions and forecasts made by the corporate management of the Jenoptik Group. A variety of known and unknown risks, uncertainties, and other factors may cause the actual results, the financial situation, the development, or the performance of the company to diverge significantly from the information provided here. Such factors may include changes in currency exchange rates and interest rates, the introduction of competing products, or a change in business strategy. The company does not assume any obligation to update such forward-looking statements in the light of future developments.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2018 - 03:04 Uhr
Sprache: Deutsch
News-ID 1534035
Anzahl Zeichen: 2435
contact information:
Contact person:
Town:
Jena
Phone:
Kategorie:
Internet
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 623 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Jenoptik closes 2017 fiscal year with record figures
"
steht unter der journalistisch-redaktionellen Verantwortung von
JENOPTIK-KONZERN (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
