The 79 Jenoptik Group ended the first half of 2016 with strong performance in terms of revenue, earnings and cash flow.
The Group’s revenue rose by 3.4 per cent to US$364 million (€326.8 million, up from the previous year’s US$352 million (€ 316.1 million). This was also the highest revenue posted by the company for a first half-year in recent years. In addition, development of business in the previous year was influenced by positive currency effects. A major contributor to growth was the increased demand seen in the defence technology, IT and communications technology and automotive industries. Revenue was boosted in Germany, Europe and Asia/Pacific.
Optics and Life Science, along with Defence and Civil Systems are driving growth, while the Group has a good order backlog in Mobility, which generated revenue of US$121 million (€109 million) in the first six months of 2016, slightly down on the previous year figure of US£$126 million (€113 million).There was good demand from the automotive industry, but as expected, revenues relating to traffic safety developed only moderately, in part due to a lack of investment by oil-exporting countries.
“Over the first six months of 2016, we successfully pushed on with our course of profitable growth. The Group’s interdisciplinary technological expertise, strong position on the domestic market and increasing internationalisation enabled growth in line with the business figures we set out to achieve. Jenoptik’s strict focus on megatrends and target markets, improved cost management and healthy financial footing all served to make this possible,” said Jenoptik president and CEO Michael Mertin.
The Group’s revenue rose by 3.4 per cent to US$364 million (€326.8 million, up from the previous year’s US$352 million (€ 316.1 million). This was also the highest revenue posted by the company for a first half-year in recent years. In addition, development of business in the previous year was influenced by positive currency effects. A major contributor to growth was the increased demand seen in the defence technology, IT and communications technology and automotive industries. Revenue was boosted in Germany, Europe and Asia/Pacific.
Optics and Life Science, along with Defence and Civil Systems are driving growth, while the Group has a good order backlog in Mobility, which generated revenue of US$121 million (€109 million) in the first six months of 2016, slightly down on the previous year figure of US£$126 million (€113 million).There was good demand from the automotive industry, but as expected, revenues relating to traffic safety developed only moderately, in part due to a lack of investment by oil-exporting countries.
“Over the first six months of 2016, we successfully pushed on with our course of profitable growth. The Group’s interdisciplinary technological expertise, strong position on the domestic market and increasing internationalisation enabled growth in line with the business figures we set out to achieve. Jenoptik’s strict focus on megatrends and target markets, improved cost management and healthy financial footing all served to make this possible,” said Jenoptik president and CEO Michael Mertin.
