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Strategy and targets

Sustainable profitable growth as an expert in photonics

Photonics is a key technology for the 21st century and makes significant contributions to increasing efficiency, protecting the environment and conserving resources. Within this dynamic environment, Jenoptik, as an expert in photonics, wants to continue its profitable growth and gradually become a globally leading, pure photonics group. We primarily target sectors advancing the trends of digitalization, health, smart manufacturing and mobility.

Global megatrends offer growth opportunities for Jenoptik

  • Digitalization

    Increasing demand for chips for different applications as well as augmented and virtual reality applications

  • Digitalization with Jenoptik

    Jenoptik supplies high-performance optics, micro-optics and innovative test and measurement systems

  • Health

    Increasing demand for therapy, diagnostics and bioimaging technologies

  • Health with Jenoptik

    Jenoptik supplies optical systems for genome sequencing and digital image processing, microscope cameras and laser systems.

  • Mobility

    Increasing demand for intelligent security solutions

  • Mobility with Jenoptik

    Jenoptik delivers innovative products for greater safety on roads and in cities

  • Smart manufacturing

    Solutions for greater efficiency and automation in production

  • Smart Manufacturing with Jenoptik

    Jenoptik provides solutions for laser processing

With the new Agenda 2025 “MORE VALUE” Jenoptik is focusing on sustainable profitable growth in photonic core markets

Camera focus

By focusing on photonic growth markets, we want to develop Jenoptik into a globally positioned photonics company. We have largely completed this transformation, creating strong growth platforms. For the remainder of the strategy period, our main priorities for the implementation of Agenda 2025 are organic growth, operational excellence, innovation, and customer focus.

The core of the "More Value" agenda is to focus Jenoptik's technological expertise on the three high-growth future markets of semiconductor & electronics, life science & medical technology as well as smart mobility. As an “enabler”, the company can create significant added value (“More Value”) for all stakeholders – e.g. customers, employees, and shareholders – with its photonic solutions, aiming for above-average growth and increasing profitability. For us, entrepreneurial activity is closely linked to our commitment to the environment and society.

Goals 2025

Forecasted revenue

~ 1.2 bn euros

EBITDA margin

21-22 %


More information on our Agenda 2025 "MORE VALUE" is available in the presentation from the 2021 Capital Markets Day.

Objectives of Agenda 2025 “MORE VALUE”

In order to create added value for all our stakeholders with the agenda 2025 „MORE VALUE,“ we have set the following goals:
  • Transform Jenoptik into a globally leading pure photonics group
  • Focus on three highly attractive growth markets: semiconductors/electronics, life sciences/medical technology and smart mobility
  • Accelerate organic and non-organic growth
  • Further increase profitability
  • Strengthen financial firepower for organic growth and further acquisitions

Our photonic core markets

Fertigung optischer Komponenten, optische Systeme, Mikrooptik

Semiconductors & Electronics

We want to support the next level of digitalization through photonic innovations and be recognized worldwide as a leading provider of application-specific optical testing and measurement solutions for high-end electronic products.

Medizintechnik und Healthcare

Life Science & Medical Technology

As one of the leading photonic OEM partners in the life science/medical technology sector, we want to contribute to improving the lives of millions of people around the world.

Markt Verkehrssicherheit

Smart Mobility

We aim to become a global, full-service provider that provides technology and services for mobility infrastructures with an innovative product portfolio and generates at least 50% recurring revenue.

Video: Enabling the amazing


In implementing our Agenda 2025 “MORE VALUE,” we rely on:

Digitization and innovation

As an innovative, high-tech company, it is essential for Jenoptik to identify future customer needs and trends at an early stage in order to derive corresponding technology and product developments from them. With our know-how and innovative products, Jenoptik, as an enabler, makes an important contribution to overcoming societal challenges and enables our customers to contribute more efficiently and sustainably to more resource conservation and climate protection.

Sustainability strategy

Sustainability is an integral part of our corporate strategy. Our sustainability targets are taken into account in the Executive Board remuneration and are incorporated into our group financing.

Operational excellence

With the introduction of the new Jenoptik Business System, we are supporting the implementation of our Agenda 2025.

Human Resources Management

The commitment and know-how of our employees worldwide is the key to Jenoptik’s success and sustainable growth.

Guidance for the fiscal year 2024

Financial targets

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. Jenoptik expects revenue growth in the mid-single-digit percentage range in 2024 (2023: 1,066.0 million euros) and an EBITDA margin of 19.5 to 20.0 percent (2023: 19.7 percent), including an expected impact of approximately 0.5 percentage points for the relocation to the new semiconductor site in Dresden.

Jenoptik will continue to invest in the expansion of its production capacities in the fiscal year 2024 and therefore expects investments to be slightly up on the high prior-year figure of 110.4 million euros. The Executive Board anticipates the cash conversion rate (ratio of free cash flow to EBITDA) to be around 50 percent in 2024 (31/12/2023: 60.8 percent).

The forecast is subject to the proviso that the geopolitical risks and their impact on price trends, energy supplies, and supply chains do not deteriorate further. This forecast does not reflect any portfolio changes.

March 2024