Jenoptik Announces Fiscal 2015 Earnings

Jenoptik AG has announced its 2015 group revenue, with an increase of 13 percent to €670 million (about $726 million).

According to preliminary figures, income from operations (EBIT) rose at a faster rate than revenue, by around 18 percent, to €61 million (about $66 million).

“After a slow start in the first half-year 2015, our business picked up well in the third and fourth quarters, allowing us to fully achieve our targets for 2015,” said Michael Mertin, Jenoptik president and CEO. “Thanks to the successful integration of Vysionics ITS Ltd., acquired in 2014, our ongoing internationalization process and the consistent execution of our efficiency programs, we managed to increase our operating result at an above-average rate.”

Jenoptik received new orders totaling more than €635 million in fiscal 2015. Revenue growth was seen in all segments over the past fiscal year, with the operating business positively influenced by an upswing in investment within the automotive industry, greater demand for optoelectronic modules and project-related settlements for major orders in defense and civil systems.

Revenue for the lasers and optical systems segment rose to €250 million, while the metrology and defense/civil systems segments’ revenues each rose to €210 million.

“Despite an uncertain global economic environment, we remain cautiously optimistic about the prospects for 2016,” Mertin said.

Based on current economic forecasts and the order and project pipeline, the Jenoptik executive board is anticipating moderate organic growth in revenue and earnings for 2016.