After previously predicting strong growth in revenue and earnings for 2015, The Jenoptik Group closed the first quarter of 2015 up 6.4% over the previous year.
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The Jenoptik Group generated revenue grew from £136.9M for the first three months of 2014, to £145.8M, a number that represents the highest level of revenue in a first quarter in a number of years. In addition, order intake was up 4.1% from £160.3M to £166.8M.
"Jenoptik started the new year as expected. Over the coming quarters, we are anticipating considerable growth in revenue and earnings, backed up by our well-filled project and order pipeline," explained Jenoptik’s President & CEO Michael Mertin. "We will be realigning our organizational structure even more toward megatrends in the next few months, focusing on target markets to better serve customers with our products and solutions. This, in turn, will create better growth opportunities in the future."
The Lasers & Optical Systems segment declined year-on-year due to weakened demand from the semiconductor equipment industry. Revenue fells 3.9% in this sector to £56.3M against the strong prior-year quarter, which came in at £58.6M. However, the company’s Metrology and Defense & Civil Systems segments grew. In the Metrology segment, first quarter revenue rose by 14% year over year, to £46.5M from £40.8M, while the Defense & Civil Systems segment grew 13.9% from £37.5M to £42.7M year over year.
Looking forward into 2015, the executive board of the company expects group revenue to be between £650 and £690M, assuming that political and economic conditions—including export restrictions, regulations on the European level, the Russia/Ukraine conflict and other disruptions in the euro zone—do not deteriorate.
View more details on the Jenoptik financial report.
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