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Annual Report 2023

In 2023, Jenoptik continued the successful development of prior years, once again growing profitably with revenue up by 8.7 percent to 1,066.0 million euros and an EBITDA margin of 19.7 percent. After years of increased external growth through acquisitions that have expanded the portfolio in its core markets, the Group’s strategic focus is now primarily on organic growth. Jenoptik considers itself to be very well positioned here and has set itself a number of goals as part of the “More Value” strategic agenda with defined medium-term goals up to the year 2025.

The fiscal year 2023 at a glance

  • Jenoptik performed very well in the fiscal year 2023, with growth driven by its photonics business, especially in the semiconductor equipment sector.
  • The Group has significantly improved its financial and balance sheet ratios with an equity ratio of 54.2 percent, net debt of 423.1 million euros, and a leverage of 2.0.
  • Due to the strategic focus on organic growth in the three core markets of semiconductor & electronics, life science & medical technology, and smart mobility, Jenoptik is significantly expanding its production capacities.
  • With our products and solutions we contribute as “enabler” to increase the efficiency and precision of our customers' products and processes as well as to a better conservation of resources and more sustainability. Jenoptik is thus making an important contribution to meet social and climatic challenges.
  • Guidance: Based on the high order backlog in the fiscal year 2023 and ongoing promising developments in the core photonics businesses, especially in the semiconductor equipment sector, the Executive Board is optimistic that it will achieve further profitable growth in the fiscal year 2024.

“Overall, we achieved what we set out to do in 2023 and remain well on the way to becoming a world leading photonics group. Above all, sustainable organic growth is now the decisive factor for the future, for which our high innovative strength remains key.”

Dr. Stefan Traeger, President & CEO in the Executive Board interview (download PDF)

Key figures


million euros


million euros

Order intake

million euros

Dividend per share

Cent (AGM approval pending)

“2024 will be an important interim stage in achieving our medium-term targets for 2025. To this end, we stick to our group revenue target for 2025 of around 1.2 billion euros. However, we have raised our profitability target in view of good organic development, especially in the semiconductor equipment sector.”

Dr. Prisca Havranek-Kosicek, Chief Financial Officer

Download Forecast Report (PDF)

Highlights 2023

“With our Agenda 2025, we are simultaneously serving several markets which promise above-average growth going forward. With its innovative photonic solutions, Jenoptik has become an indispensable link and enabler in the value chain and we are significantly expanding our capacities in Dresden, for example.”

Dr. Ralf Kuschnereit, Executive Board member

More information on the new high-tech fab in Dresden, Germany