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Jenoptik Sales and Earnings Up; Forecast Raised

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JENA, Germany, Nov. 23, 2011 — The Jenoptik Group predicts that its earnings before interest and taxes for 2011 will be €44 million (about $58.8 million), more than a 50 percent increase over 2010 results. The prediction stems from a 10.9 percent increase in sales with the semiconductor and automotive industries for the first nine months of 2011 – €383.9 million, or about $512.8 million, versus €346.2 million, or about $462.3 million, in 2010. Foreign sales accounted for ~60 percent of total sales. Jenoptik posted its strongest growth in Asia, with a 37 percent increase in sales to €38.3...Read full article

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