New Jenoptik posts strong growth in sales and results in the 1st half-year 2006. Forecasts for the full year reaffirmed
The Jenoptik Group is publishing its first set of figures following completion of the sale of the Clean Systems business division.
The continuing business divisions posted a 14.1 percent increase in sales in the 1st half-year 2006 compared with the same period in the previous year, to 224.9 million euros (prev. year 197.1 million euros). The EBITDA of the continuing business divisions rose by 24.5 percent to 31.3 million euros compared with 25.2 million euros in the previous year’s period. The EBIT increased by 28.9% to 16.1 million euros (prev. year 12.5 million euros) and consequently grew at a stronger rate than sales. Earnings after tax nearly doubled to 10.4 million euros (prev. year 5.3 million euros). Despite several major orders in the previous year, the continuing business divisions nearly repeated the same high level of order intakes at 243.2 million euros (prev. year 244.3 million euros). The order backlog, at 454.2 million euros, was almost 10 million euros up on the figure for a year ago (prev. year 444.5 million euros).
The net debt as of June 30, 2006 was reduced to 220.6 million euros (as of Dec. 31, 2005: 375.5 million euros). The payment of the purchase price for the Clean Systems business division, in the low three-figure million euro sum, had a positive impact. The balance sheet total of the Jenoptik Group was reduced by 611.0 million euros to 897.2 million euros as a result of the sale of the Clean Systems. The shareholders’ equity reduced from 314.3 million euros as of end Dec. 2005, to 307.8 million euros as a result of the reduction in the minority shareholding during the course of the sale of M+W Zander. By contrast, there was an increase in the shareholders’ equity in the course of the positive result for the half-year. The shareholders’ equity ratio improved significantly to 34.3 percent (as of Dec. 31, 2005: 20.8 percent); this was attributable to the reduction in the balance sheet.
At the end of the 1st half-year 2006 the Executive Board of the Jenoptik Group reaffirmed its full year forecasts announced in April. Sales and operating results before holding costs may come in at the upper end of the forecast ranges: sales of the Jenoptik Group, excluding the discontinued business division, are expected to rise to between 420 and 450 million euros in 2006. Jenoptik is aiming for the same quality of results that were achieved in previous years in the Photonics business division and consequently an EBIT margin before holding costs of between 9 and 10 percent of sales or an EBIT before holding costs of between 38 and 44 million euros.
|Figures in million euros||H1/2006||H1/2005|
|Of which continuing business divisions||224.9||197.1|
|Of which continuing business divisions||16.1||12.5|
|Group earnings after tax||12.6||0.8|
|Of which continuing business divisions||10.4||5.3|
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