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Annual Report 2018
2018 was an extremely successful year for Jenoptik. We have achieved all our targets and actually exceeded our original financial targets for revenue, profit, order intake and free cash flow. At the beginning of 2018 we launched our new “Strategy 2022” and implemented first steps in the course of the year. The aim of our strategic development – we will concentrate on what we can do best. In line with the motto “More light” we want to create a modern high-tech group focused on photonics.
With the new group structure in place since the beginning of 2019, we have positioned our business so that it can better meet market needs. Thanks to the Group’s strength and the excellent order situation we are in a positive mood for the current fiscal year and expect the Jenoptik success story to continue.
Under the motto "More Light", we launched our 2022 Strategy in 2018. Numerous initiatives accompany a comprehensive cultural change in the Group. The main events of this development are presented here as examples.
Although capital expenditure increased significantly in the past fiscal year, the free cash flow improved markedly to 108.3 million euros. At the end of 2018, the Group was again free of net debt in spite of the acquisitions made. With this, we are in an ideal position to continue implementing our “Strategy 2022”.