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Jenoptik Group to fulfill its November projections for 2002 sales and income figures

Order intake up approx. 13 percent, order backlog up 29 percent, setting new company records in both categories.

The Jenoptik technology group will close fiscal year 2002 with approx. 1.6 billion euros in sales, following the record it set in 2001 (2.001bn euros). Sales will thus roughly correspond to the provisional calculations announced by Jenoptik in November 2002. Also in line with the projections, annual net income will amount to between 40 and 50 million euros (2001: 88.3m euros).

Despite the continuing economic slump and the global semiconductor crisis, Jenoptik has set a new company order intake record over the past fiscal year, rising roughly 13 percent over last year's figure (2001: 1.89bn euros) to approximately 2.13 billion euros. Order backlog also increased considerably in 2002, closing the year up 29 percent at 2.25 billion euros (2001: 1.75bn euros).

There are three reasons for the slump in sales and annual net income. Some customers have, for instance, postponed 300 million euros in Clean Systems business division projects and orders to fiscal year 2003, which will therefore not contribute to sales and income until this year. Group income has also been affected by 10-million-euro restructuring expenditures for M+W Zander's U.S. subsidiary, and by the weakened capital market. Jenoptik's DEWB subsidiary has also been hit by the capital market slump, incurring a loss for 2002 as the result of depreciations of companies in which DEWB holds an interest. DEWB's losses are reflected proportionately in the present projected figures for the Jenoptik Group.