Skip to main content

Jenoptik growth remains on track

The 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
August 10, 2016 Read time: 2 mins
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.

For more information on companies in this article

Related Content

  • Mega trends will challenge transport technology
    June 5, 2015
    Jon Masters investigates some of the longer term trends that will shape transportation over the next 20 years. Business analysts and investors have already placed their bets on a future of technological smart mobility services. In December last year, the Wall Street Journal reported that Uber, the on-demand taxi and lift share smartphone app and start-up business, had been valued at $41.2 billion which, as the Journal reported, is an incredible vote of confidence for a company only five years old.
  • Sampo Hietanen: “Why BP investment in MaaS Global is a good thing”
    November 26, 2019
    As a multinational oil giant, BP might not seem like the greenest choice for sustainable mobility provider and Whim owner MaaS Global. Sampo Hietanen explains his reasoning...
  • Vehicle analytics market ‘to grow by 26 per cent by 2022’
    September 19, 2017
    A new market research report by MarketsandMarkets estimates that the market for vehicle analytics will grow from US$1124.1 million in 2017 to US$3637.4 million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.5 per cent. According to the report, the major driving factor for this market remains advances in technologies, such as machine learning, artificial intelligence (AI) and predictive maintenance to enhance fleet management, as well as increasing use of real-time data collected from sensors and
  • Handheld acquires TimbaTec
    March 23, 2012
    The Handheld Group of Sweden, a manufacturer of rugged PDAs and mobile devices, has acquired TimbaTec, a supplier of rugged mobile computers in Germany, Austria and Switzerland from Latschbacher, a supplier of computers, software and RFID tagging equipment for the forest industry, and Handheld’s existing distribution partner in Germany, Austria and Switzerland. Handheld will turn TimbaTec into two wholly owned new companies, Handheld Germany and Handheld Swiss, which both will be fully owned by Handheld Gro