Jenoptik AG Reports Earnings Growth Amid Order Decline

Jenoptik AG released preliminary fiscal 2024 results highlighting earnings and revenue growth. However, the firm reported a drop in orders, primarily driven by weak demand in the automotive sector. This may affect the stock outlook as future demand remains uncertain.

Date: 12-02-2025

AI Rating: 5

Earnings and Revenue Growth: Jenoptik AG reported that its EBITDA for fiscal 2024 increased by around 6 percent to approximately 222 million euros, resulting in a corresponding margin growth to about 19.9 percent. Additionally, revenue rose around 5 percent to approximately 1.12 billion euros, with contributions from all divisions, especially the Advanced Photonic Solutions sector.

Order Decline: Despite the positive earnings and revenue growth, Jenoptik faced a decline in order intake by nearly 6 percent to around 1.03 billion euros, attributed to weak demand in the automotive sector. The order backlog also decreased from 745 million euros to around 670 million euros, which may raise concerns about future delivery and growth potential.

Future Outlook: The company's financial targets for 2026 remain unchanged, although a previously anticipated revenue growth for fiscal year 2025 has been pushed to 2026. This delay is linked to the expected slow recovery in the semiconductor equipment industry, which Jenoptik considers significant for its future business. This uncertainty has been further compounded by high economic and political factors affecting their outlook.

Stocks: JNPKF