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Jenoptik Earnings Flat in First Quarter

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The Jenoptik Group reported level profits and revenues in line with expectations in the first quarter of 2014. The company reported earnings before interest and tax of € 10.5 million ($14.3 million), down from 10.6 million during the first quarter of 2013. Revenue was € 136.9 million ($187.5 million), up 3.7 percent from € 132 million in the same period last year. Revenues rose by about 48 percent in the Asia-Pacific region and by around 7 percent in Germany. The Lasers & Optical Systems segment reported € 58.6 million ($80.2 million) in revenue, up 18...Read full article

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