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Report on the first quarter of 2003

Jenoptik Group sales up 4 percent in first quarter of 2003. Operating income negative due to accounting deadlines as in previous year. Order intake up 20 percent; order backlog at new record of nearly 2.8bn euros. Outlook: group to return to 2001's sales figures in 2003.

The Jenoptik Group saw it sales increase four percent in the first three months of the fiscal year to 263.0m euros (2002: 253.0m euros). The sales rise was attained in both business divisions, Clean Systems and Photonics. Asset Management business division sales are no longer included in the figures, reflecting the deconsolidation of DEWB AG from the group as of June 30, 2002.

The Jenoptik Group saw another strong rise in order intake, which was up 20.0 percent year-on-year to 659.8m euros (549.9m euros). As of March 31, 2003, order backlog climbed to a new all-time high of 2,791.6m euros (2,003.1m euros). Both business divisions, Clean Systems and Photonics contributed to this increase of 39.4 percent.

The group saw a negative operating income in the first quarter of 2003 of -8.4m euros (-4.3m euros). The group's income for the period was correspondingly negative at -12.8m euros (-7.6m euros). The difference to last year's figures was primarily the result of the sale of DEWB shares to a U.S. institutional investor in the first quarter of 2002.

The Jenoptik Group's sales and income development strongly depends on contractually determined accounting deadlines in facility engineering, which are normally set towards the end of the year. The figures of the first quarter cannot therefore be used to project figures for the entire fiscal year.

Following the first quarter of 2003, the Jenoptik Group has adhered to the goals and statements put forward in the 2002 Annual Report and at its balance sheet press conference. Jenoptik expects a considerable sales increase for fiscal year 2003, group sales shall once again reach two billion euros. This rise in sales will be accounted for primarily by the Clean Systems business division, assuming that all projects are fully paid and accounted for within deadlines.