2018 a new record year for Jenoptik
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Revenue rose by 11.6
EBITDA up 19.3
Order backlog up 15.0
Dividend is to increase to 0.35
Jenoptik is expecting further growth in revenue and earnings in 2019
2018 was a year of new record figures for Jenoptik. Group revenue rose by 11.6& Production division. These acquisitions already made a substantial contribution to revenue of 37.0
On a regional level, revenue generated both in Germany and abroad contributed to growth. Outside Germany, Europe remained the region with the highest revenue, followed by the Americas.
EBITDA increased at a faster rate than revenue, to 127.5
?2018 was a very successful year for Jenoptik. We started to implement our new strategy and considerably exceeded our financial targets for revenue, profit, order intake, and free cash flow. We saw good momentum on our major markets in the past year and, with Prodomax in Canada and the OTTO Group in Jena, successfully acquired two interesting companies. Their product ranges, markets and customers ideally complement Jenoptik?s activities,? says Jenoptik President & CEO Stefan Traeger.
Record order figures and strong cash flow are a solid basis for further growth
Jenoptik also saw a strong fourth quarter in terms of order intake. In 2018 as a whole, the Group received orders worth 873.7lion euros (prior year: 87.6
Although capital expenditure increased significantly, the free cash flow markedly improved to 108.3
Higher dividend proposed
On the basis of the Group?s solid earnings and good financial position, the Executive and Supervisory Boards of JENOPTIK AG will propose, as in the prior years, an increased dividend of 0.35
The Jenoptik Executive and Supervisory Boards attach great importance to a steady and long-term development of the dividend that is comprehensible for shareholders. This year Jenoptik managed to improve the earnings per share from 1.27
?With this proposal we can, on the one hand, let our shareholders participate in Jenoptik?s good development. On the other hand, we are financially well equipped also in 2019 to look for opportunities to strengthen Jenoptik through further acquisitions and thus support our growth strategy in the best possible way,? says Hans-Dieter Schumacher, CFO of JENOPTIK AG.
Employee numbers continue to grow particularly abroad
The number of Jenoptik employees (incl. trainees) rose by 9.9
Development of the segments
The Optics& Life Science segment achieved a new revenue and earnings record in the 2018 fiscal year. Revenue rose 11.8r.
Revenue in the Mobility segment grew 21.4
As expected, revenue in the Defense& Civil Systems segment of 218.6
Growth set to continue in 2019
?The past fiscal year was again the best in the company?s history. As part of the gradual implementation of our ?Strategy 2022?, we have achieved key milestones with the introduction of our new corporate structure in early January 2019, the launch of the new, independent VINCORION brand for our mechatronics business in September 2018, and the reorganization of our activities in Asia. We are convinced that we are on the right track with the realignment of our structures, a stronger focus on photonic markets and the initiatives launched to promote innovation within the Group,? says Stefan Traeger, Jenoptik?s President & CEO.
Based on a very good order backlog, the Executive Board looks to 2019 with confidence. In the current fiscal year, it anticipates further growth and higher earnings. Revenue is to grow in the mid single-digit percentage range (before major portfolio changes). EBITDA growth is also expected, resulting in an EBITDA margin of between 15.5 and 16.0
?We are expecting momentum to accelerate in the course of the new fiscal year, resulting in a stronger second half of the year. In addition, deliveries of the toll monitoring systems in the traffic safety business had made a significant contribution to our revenue in the first half-year of 2018. Therefore, we are presently expecting a somewhat weaker business development in the first half-year, but anticipate further growth in the full year 2019,? says Stefan Traeger.
The Annual Report is available in the ?Investors/Reports and Presentations? section of the website. The ?Jenoptik app? can be used to view the Interim Report on mobile devices running iOS or Android. Images for downloading can be found in the Jenoptik image database in the ?Current Events/Financial Reports? gallery.
[url=https://www.jenoptik.com/]Jenoptik[/url] is a globally operating technology group. Optical technologies are the very basis of our business with the majority of our products and services being provided to the photonics market. Our key target markets primarily include the semiconductor equipment industry, the medical technology, automotive and mechanical engineering, traffic, aviation as well as the security and defense technology industries. Jenoptik has more than 4,000 employees worldwide.
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[url=https://www.jenoptik.com/]Jenoptik[/url] is a globally operating technology group. Optical technologies are the very basis of our business with the majority of our products and services being provided to the photonics market. Our key target markets primarily include the semiconductor equipment industry, the medical technology, automotive and mechanical engineering, traffic, aviation as well as the security and defense technology industries. Jenoptik has more than 4,000 employees worldwide.
Datum: 21.03.2019 - 02:36 Uhr
Sprache: Deutsch
News-ID 1547851
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