Jenoptik ended its 2020 reporting year with a strong fourth quarter and was able to significantly increase profitability in 2020, the company announced last week. This “positive development was supported by sustained high demand from the semiconductor equipment industry, the acquisition of Trioptics and a largely stable capital spending by public sector customers. At the beginning of 2021, Jenoptik stands for growth, innovation, and profitability even more than it did a year ago,” said Dr. Stefan Traeger, President and CEO.
“We are confident for 2021 thanks to an upturn in demand, improved cost efficiency and external growth. We expect revenue growth in the low double-digit percentage range and want to increase profitability of 16% to 17%.”
In the 2020 fiscal year, Jenoptik generated revenue of €767M, which, as expected, was clearly down on the prior-year figure of adjusted €837M, mainly due to the Covid-19 pandemic and structural issues in the automotive industry. As in the prior year, the fourth quarter was strongest, with €262.2M (prior year: €255.7M).
Based on good order intake growth in the fourth quarter of 2020, Jenoptik stated that “a well-filled project pipeline, and the continued promising development in the semiconductor equipment business, the Executive Board expects further growth in the current fiscal year. In addition to the organic growth in the divisions, Trioptics, which will be consolidated for the full year for the first time, will also contribute to the positive development.”
For 2021, Jenoptik is expecting revenue growth in the low double-digit percentage range, including Trioptics (prior year: €767.M). The Group currently forecasts EBITDA to increase significantly in the current fiscal year (prior year: €111.6M). The EBITDA margin is due to reach between 16.0 and 17.0%.
