Results of the first nine months 2003
Group sales up a solid 10 percent. Jenoptik Group operating income just below 2002 figures when adjusted for income from sale of DEWB. Order intake matches last year's high figures.
Group EBITDA, EBIT and income for the period included over 30m euros from the sale of DEWB shares. Adjusted for this income, the EBITDA, EBIT and income for the period fell only slightly from last year's nine-month totals. The Jenoptik Group EBITDA amounted to 1.7m euros, the EBIT to minus 26.6m euros (18.0m euros); and the Group income for the period to minus 38.8m euros (1.2m euros).
The Jenoptik Group's order intake of 1,477.1m euros for the period roughly matched the nine-month figure a year ago (1,487.5m euros). The Jenoptik Group reached a new all-time order backlog high, nearing the three-billion-euro threshold for the first time at 2,919.5m euros as of September 30, 2003 (Sept. 30, 2002: 2,505.0m euros).
Jenoptik Group sales in 2003 are expected to rise considerably over 2002, returning to around 2 billion euros. The Clean Systems business division, with just under 1.7bn euros in projected sales for 2003, is acting as the driving sales force within the Group. Due to project delays in Asia, the EBIT margin, however, is expected to fall in 2003 somewhat below the range of 1.8 to 2.5 percent originally projected early this year, as reported in the half-year interim report. This presupposes, however, that all other projects are fully paid and accounted for within deadlines.
Photonics business division sales are expected to rise to between 280 and 300m euros with an EBIT margin of between 9 and 10%.
| in TEUR
| Income for the period