Jenoptik AG (JNPKF.PK), a leading provider of photonic and smart mobility solutions based in Germany, announced on Friday that its second-quarter after-tax earnings rose by 19% to €24.8 million, up from €20.9 million the previous year.
Earnings per share increased by 20%, reaching €0.42 compared to last year's €0.35.
EBITDA experienced a 3.5% increase year-over-year, amounting to €56.9 million. However, the EBITDA margin slightly decreased to 20% from 20.3% in the previous year.
Revenue saw a 5.1% rise, totaling €284.7 million, compared to €270.8 million a year earlier.
As anticipated, Jenoptik experienced a rebound in demand during the second quarter, with order intake growing 7% year-over-year to €282.4 million.
Looking forward, the company expects to achieve continued profitable growth in fiscal year 2024, despite a challenging overall market environment. This outlook is supported by a robust order backlog and a strong market position in its core areas.
In the latter half of the year, further improvement in demand is expected.
For fiscal 2024, Jenoptik continues to forecast mid-single-digit percentage revenue growth, compared to last year's €1.07 billion.
The EBITDA margin is projected to remain within the range of 19.5% to 20.0%, in line with last year's 19.7%.
