9-Months Report 2002
Delays in facility engineering projects weigh down Jenoptik Group's year-end sales and income figures. New record set in order backlog and stable order intake.
The Jenoptik Group had previously expected a slight decrease in its net income figures from last year to between 60 and 65m euros. In addition to the effects of the delays in sales, group income will be slowed by approx. 10m euros in expenses for the restructuring of M+W Zander's U.S. subsidiary, and by the capital market slump.
The Jenoptik Group had to depreciate its own shares by 6m euros. Jenoptik thus now estimates its net income at between 40 and 50m euros for 2002. As a result of its high order backlog of approx. 2.5bn euros and a stable level of order intake in 2002, Jenoptik once again expects a considerable rise in sales in 2003.
The Jenoptik Group achieved 847.7m euros in sales over the first nine months of 2002, a 20% drop from the same period last year (2001: 1,065.0m euros). Group EBIT amounted to 18.0m euros (2001: 49.4m euros) and the net income for the first three quarters totaled 1.2m euros (2001: 38.1m euros).
The Jenoptik net income figure includes revenue from the sale of the group's majority share in DEWB, which led to the deconsolidation of the Asset Management business division (as of June 30, 2002). Jenoptik Group order backlog rose 7% over the past 12 months to 2,505m euros (2001: 2,332m euros). Order intake remained virtually stable at 1,487.5m euros (2001: 1,547.9m euros).