The Jenoptik Group’s first half-year financial results revealed that its revenue remained steady from 2013. Although income fell in two of the market sectors − Metrology and Defence and Civil Systems − the Lasers and Optical System segment saw significant growth in the first half of 2014, compensating for the other losses.
For the 2014 fiscal year, the company expects to reach the lower end of its growth targets. In the first six months of 2014, revenue reached €283.2 million, compared with €283.6 million in 2013. Even though revenue remained pretty much unchanged, however, orders increased by 11.2 per cent, and the order backlog figure rose by 6.5 per cent from the end of 2013.
The Lasers and Optical System sector saw revenue increase by 13.1 per cent, compared to the same period in 2013, to €118.1 million. According to the company, this was due to a stronger demand for laser systems for plastics processing and successful project start-ups in the medical technology and life sciences markets.
Due to a lack of investment in the Metrology sector the company saw a 6.5 per cent drop in revenue to €84.6 million. This was put down to a weak development of revenue in the area of industrial metrology.
And, because of the postponement and extension of a group of projects, revenue for the Defence and Civil Systems sector dropped by 9.4 per cent to €80.1 million, the company said.
Revenue in Europe, including Germany, rose by 1.2 per cent to 179.5 million euros and accounted for some 63 per cent of total Group revenue. In Asia/Pacific, revenue increased by approximately 70 per cent, while it fell in the Americas, the Middle East and Africa. In part, this is due to transfers of projects from the Americas to Asia.
For the second half-year 2014, the company anticipates more dynamic development than in the first six months, and expects revenue growth of around five per cent in the current fiscal year. However, Jenoptik believes that the current economic figures may affect the willingness of companies to invest.