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Automotive Industry Turbulence Continues to Hurt Jenoptik; Company Profits Down for Quarter

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JENA, Germany, Nov. 10, 2020 — Jenoptik profits declined for the quarter, with the company reporting revenue of just over €176 million for the period ending Sept. 30, and €505 million for the nine-month period ending on the same date. The figures represent decreases of more than 17% and 15%, respectively, from the close of the previous year’s third quarter. Quarterly earnings per share (EPS) fell year over year, from 35 cents (€) to 24 cents (31%), and from 77 cents to 43 cents (45%) year over year for the first nine months of the year. Revenue for the quarter was up sequentially, by 6.9%,...Read full article

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