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Despite a challenging environment, Jenoptik made significant progress on its medium-term strategy of going "from good to great" in 2014 too. We made progress, not only with our internationalization strategy but also in the ongoing improvement of our processes and systems. The purchase of the British company Vysionics, a leading supplier of traffic safety technology was successfully completed; it was our first major acquisition in many years.

At the start of a new fiscal year 2016, we aligned our divisions more closely with our relevant markets and megatrends. The optimized structure will help us to position our products and solutions even closer to the customer in the future. It represents an important element along our path to greater growth and profitability.

At the end of the fiscal year Jenoptik had 4,043 employees in total. With this increase of more than 10 percent compared with the prior year, the number of employees also reached a new record figure. More than half of the new employees joined Jenoptik as a result of the acquisitions made.

2018 was an extremely successful year for Jenoptik. All in all, an outstanding team performance by our more than 4,000 employees, who have made 2018 a new record year with record figures, thereby continuing the Jenoptik success story.

The Executive Management Committee has been expanded to 11 members. Below the Jenoptik Executive Board, the Executive Management Committee (EMC) is the extended management body of the Group. Jenoptik brought more global diversity to the EMC with the appointment of three new members.

Contrary to expectations, the economy continues to develop positively, Germany is benefiting from strong foreign demand. Order intake remained at the same high level of the previous quarter, primarily also as a result of several large orders in the Defense & Civil Systems segment.

Encouraged by a favorable trends in the business development in the year to date, the Executive Board confirms its forecast and expects a slight growth in sales of up to 5 percent for the full year 2013 with a Group EBIT generated in the operating business of between 50 and 55 million euros prior to coasts for Group development projects in the mid-single digit million euro range.

The application of IFRS 9 had only an insignificant impact on the cash flow statement for the 2018 financial year.

Key Figures 2018 of Jenoptik by Segment

… „‚ € ƒ …  ‚ƒ˜   ’‚ € •ƒ• —ƒ    54 JENOPTIK Annual Report 2018 Non-financial ReportPosition …