Results of the first quarter 2004
JENOPTIK AG achieved new high in order intake and order backlog in the first quarter of 2004. Quarterly sales up 10.5 percent. Group EBIT and net income for the period up considerably from the first quarter of 2003.
The Group's operating income and income for the period both increased considerably year-on-year, while still remaining in negative figures due to accounting deadlines, which is indeed the case every first quarter of a fiscal year. Operating income for the quarter came to minus 1.8m euros (1st quarter 2003: minus 8.4m euros), period net income to minus 3.9m euros (1st quarter 2003: minus 12.8m euros).
Order intake came to 867.0m euros, up 31.4 percent year-on-year (659.8m euros). Correspondingly, order backlog reached 3,090.0m euros as of March 31, 2004, 10.7% higher than at the end of March 2003 (2,791.6m euros).
The Group is expected to improve on its 2003 sales figures, clearly exceeding 2 billion euros in 2004, with Group operating income projected at between 45 and 60m euros. This presupposes, however, that all engineering projects are fully paid and accounted for within deadlines. Photonics sales are expected to exceed 350 million euros with an EBIT margin of between 9 and 10%, all following an excellent first quarter. Clean Systems plans sales of between 1.8 and 1.9bn euros. The Clean Systems business division income is forecast to return to figures last recorded before the semiconductor crisis, with an EBIT margin of between 1.5 and 2.5% for Facility Engineering and between 3 and 3.5% for Facility Management. Clean Systems sales and income growth will especially reflect increases in electronics and flat-panel industry business.
| (figures in million euros) Group
| Operating income (EBIT)
| Net income for period
| Order intake
| Order backlog