Jenoptik upgrades earnings performance expectations for 2011

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Jenoptik is predicting that its earnings before interest and taxes (EBIT) for 2011 will be €44 million, a 52 per cent increase over the 2010 results of €29 million.

The prediction of increased earnings stems from an upbeat sales estimate of €525 million for 2011, €15 million more than an earlier figure from the company of €510 million. The company had previously predicted in March an EBIT for 2011 of more than €35 million and then increased that to €40 million in May.

The upgraded forecast, according to Jenoptik, is due to a high demand for lasers and optical systems from the semiconductor market sector, and more orders for metrology equipment from the car industry. In its announcement, Jenoptik said: ‘With this result, management expects to post the best fiscal year on the earnings side in the recent history of Jenoptik. The forecast has been increased as a result of very good order and earnings developments in the first ten months of 2011.’

Jenoptik expects the fourth quarter to see this positive trend continue.