Forecast Jenoptik Group EBIT for the 2012 fiscal year now between 45 and 50 million euros
The positive course of business continued in April and May 2012. Therefore, the EBIT for the full fiscal year 2012 is now expected to be in the upper half of the previous forecast range / Sales are expected to increase by 4 to 8 percent
(PresseBox) (Jena, )Based on the successful development of business both in the 1st quarter 2012 as well as in the months of April and May 2012, the Executive Board of JENOPTIK AG specifies the expectations for the full fiscal year 2012. With regard to the development of sales it anticipates growth of 4 to 8 percent. The Executive Board now expects the Group EBIT to range between 45 and 50 million euros (original forecast of 40 to 50 million euros). The Jenoptik Group therefore also intends to post a successful 2012 fiscal year.
The Jenoptik Group also aims to achieve continued profitable growth over the years ahead. An average EBIT margin of around 9 to 10 percent extending over the market cycles and sales growth of approx. 10 percent is being set for the Group's further development. As a result of the difficult environment for sound acquisitions this sales target is expected to be achieved primarily through organic growth.
In addition, the Jenoptik Group is setting itself specific targets in terms of growth on the international level. As such, Jenoptik is endeavoring to increase the share of sales in the focus regions of North America and Asia jointly to around 40 percent of Group sales over the medium to long term. Compared with 2011 this represents roughly a doubling of the sales generated in North America and Asia. In this context Jenoptik aims to share in the higher than average growth being achieved by the technology markets in those regions both through new customers as well as by expanding its business with existing customers. Furthermore, the Group expects the strengthened purchasing activities and, partially, the local manufacture of entire components to have a positive impact. As a result, Jenoptik will not only be generating sales abroad but in addition to the development of its locations in Germany will also be creating and/or further expanding international value-added structures.