Press Release - Jenoptik AG

LASERS & MATERIAL PROCESSING l OPTICAL SYSTEMS l INDUSTRIAL METROLOGY l TRAFFIC SOLUTIONS l DEFENSE & CIVIL SYSTEMS
Press Release
JENOPTIK AG l Public Relations l Carl-Zeiss-Strasse 1 l 07743 Jena l Phone: +49 3641 65-2255 l Fax: -2484 l E-mail: pr@jenoptik.com l www.jenoptik.com
Chairman of the Supervisory Board: Rudolf Humer l Executive Board: Dr.-Ing. Michael Mertin (Chairman), Frank Einhellinger
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Jenoptik posted marked increase in sales
and earnings in the first nine months 2011.
Order book situation remained positive.
Forecast for 2011 raised.
Group operating result for the full year 2011 now expected to be
approx. 44 million euros, an increase of more than 50 percent. Sales are
forecast to come in at around 525 million euros.
The Jenoptik Group increased sales in the first nine months of the current fiscal year by 10.9
percent to 383.9 million euros (prev. year 346.2 million euros). This is primarily attributable to
increased sales with the semiconductor and automotive industries. Foreign sales accounted for
approx. 60 percent of total sales. The Jenoptik Group posted its strongest growth in Asia, with a 37
percent increase in sales to 38.3 million euros.
The group operating result (Group EBIT) came in at 34.9 million euros (prev. year 20.2 million
euros), 72.8 percent up on the same period in the previous year and representing an EBIT margin of
9.1 percent. On a nine months basis, Jenoptik was thus able to more than compensate for the high
EBIT which had been achieved, thanks in particular to the accounting of a major traffic safety order
and the sale of shares in caverion GmbH, in the 3 rd quarter 2010.
“We have achieved a marked increase in the quality of our earnings and demonstrated our ability to
meet our profitability targets on a sustainable basis,” said Jenoptik Chairman Michael Mertin. In
addition to the growth in sales, improved cost structures in all individual areas, improved
purchasing processes and the increase in capacity utilization all contributed to the growth in
earnings. The Lasers & Optical Systems segment in particular made a positive contribution to the
development of the results. Earnings before tax totaled 26.1 million euros compared with 11.3
million euros for the same period in the previous year, earnings after tax amounted to
21.4 million euros (prev. year 9.6 million euros) equating to an increase of 122.9 percent. Earnings
per share improved accordingly from 0.17 for the period in the previous year, to 0.37 euros.

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Order intake maintained at a high level. Jenoptik was awarded several
major orders.
The Jenoptik Group posted a 25.0 percent increase in the order intake, or by 102.8 million euros in
net terms, to 513.7 million euros compared with the level in the previous year (prev. year 410.9
million euros). As expected, order intakes from the semiconductor industry declined slightly. The
Group offset this reduction through several major orders in the Defense & Civil Systems segment
plus growth in the Metrology segment. The growth in order intake outpaced the increase in sales;
the order backlog rose correspondingly by 34.3 percent or 121.8 million euros in net terms, to
477.2 million euros (31.12.2010: 355.4 million euros). The book-to-bill-ratio, the ratio of order
intake to sales thus amounted to 1.34.
Capital expenditure for further growth initiated. Continuing positive cash
flows and high shareholders’ equity ratio.
In the 3 rd quarter just past Jenoptik initiated major investments. The optimized production facilities were
officially opened at the Altenstadt site (Bavaria), making allowance for the growth in the energy systems area
of the Defense & Civil Systems segment. The segment received several major orders from the USA over recent
months. The decision to invest in the expansion of the Berlin site in the Lasers & Optical Systems segment will
significantly increase the capacities for the production of laser bars, the base material for high-power diode
lasers. Production is expected to commence at the beginning of 2013.
In the first nine months of the current year Jenoptik increased its cash flow from operating activities to just
under 40 million euros (prev. year 22.0 million euros) as a result of the marked improvement in the
operational business. Net debt rose to 88.2 million euros as a result of the investments mentioned above and
the expansion of business (31.12.2010: 79.3 million euros). The shareholders’ equity ratio improved to 47.8
percent (31.12.2010: 44.9 percent).
Group financing restructured. Small rise in the number of employees.
In October 2011 Jenoptik successfully placed a promissory note in the sum of 90 million euros and in the
current 4 th quarter will be fully restructuring its entire financing. The volume was increased from originally 50
millions euros to 90 million euros thanks to the high demand. Jenoptik Chief Financial Officer Frank
Einhellinger: “The high level of interest expressed by domestic and foreign investors showed that the market
has great confidence in our company, both in terms of the operational business as well as from the financing
side.” The proceeds from the transaction will be used to repay guaranteed loans and replace other loans.
“The basic financing of the operating business has been secured for the medium term and with our sound

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financial key indicators we will be able to continue pursuing our growth targets,” said Jenoptik Chairman
Michael Mertin.
The increase in sales was accompanied by a small rise in personnel numbers in the Jenoptik Group, with the
number of employees worldwide totaling 3,039 at the end of September (31.12.2010: 2,951). As previously
announced, the rate of increase in the number of employees was clearly underproportional to the growth in
sales.
Information on the three segments.
The Lasers & Optical Systems segment again succeeded in increasing its sales and earnings
compared with the previous year. Sales totaled 159.2 million euros (prev. year 137.3 million euros)
representing a rise of 16.0 percent. This was primarily attributable to the Optical Systems division.
The segment achieved approx. 70 percent of its sales abroad (prev. year approx. 70 percent). The
result from operating activities (segment EBIT) was 24.8 million euros (prev. year 10.7 million
euros), and more than doubled. The leap in earnings is attributable in particular to the Optical
Systems division which posted high sales from the semiconductor industry. Improved production
and cost structures throughout the segment contributed towards the result. At 166.9 million euros
the order intake was only slightly below the high level achieved in the previous year (prev. year
173.9 million euros). The demand from the semiconductor industry weakened slightly, as had been
forecast. By contrast there was a marked increase in demand for laser systems for various industries
compared with the previous year. The segment’s order backlog accordingly showed a small rise to
102.0 million euros (31.12.2010: 98.8 million euros).
The Metrology segment continued to benefit from the very good level of demand from the
automotive industry. The segment achieved a 12.1 percent increase in sales to 93.5 million euros
(prev. year 83.4 million euros), with the segment EBIT up by 59.0 percent to 6.2 million euros (prev.
year 3.9 million euros). There was a strong improvement in the EBIT particularly in the Industrial
Metrology division. The figures for sales and earnings do not yet include the major order worth
more than 20 million euros which was awarded to the Traffic Solutions division by the Kingdom of
Saudi Arabia in spring this year. The order intake of the Metrology segment totaled 132.5 million
euros as against 104.4 million euros in the previous year. This corresponds to a rise of 26.9 percent,
with both of the segment’s divisions making a contribution. Accordingly, the order intake also
significantly exceeded the volume of sales in the period covered by the report. This led to an
increase in the order backlog from 45.1 million euros as at end 2010 to 81.6 million euros as at end
September, equating to a rise of more than 80 percent.
The Defense & Civil Systems segment continued its stable performance and over the last three
months in particular was awarded several major international orders that will support the business

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over the medium and long term. At the end of the 3 rd quarter 2011, sales at 130.5 million euros
were up 4.1 percent on the same period in the previous year (prev. year 125.4 million euros). The
segment EBIT totaled 5.8 million euros, up slightly on the figure for the previous year (prev. year 5.4
million euros). The order intake recorded a sharp increase of 64.0 percent to 215.0 million euros
(prev. year 131.1 million euros) and included several major orders, amongst others for the US
American Patriot air defense missile system as well as for components and subsystems for the
PUMA, the new armored fighting vehicle for the German Army. The growth in order intake was
therefore at a markedly higher rate than that of sales, the order backlog as at September 30, 2011
increased by 39.4 percent to 296.3 million euros (31.12.2010: 212.6 million euros).
Outlook for 2011: Group EBIT for the full year 2011 is to exceed the
figure of the previous year by more than 50 percent and come in at
approx. 44 million euros.
“The first nine months of our fiscal year have been successful. In addition, in the 3 rd quarter the
economic environment had no significant impact on our business, apart from the anticipated return
to the normal level of demand in our Optical Systems division,” said Michael Mertin, summarizing
the situation.
Jenoptik expects a continuation of the positive development in the operating business in the
current 4 th quarter, although the development of business in the Lasers & Optical Systems segment
is anticipated to continue returning to normal. Sales for the full year 2011 are expected to come in
at approx. 525 million euros (prev. year 479 million euros excluding the discontinued business
division). Thanks to the very good results in the first ten months of the current 2011 fiscal year
Jenoptik now forecasts a Group EBIT for the full year 2011 of approx. 44 million euros. This
corresponds to an increase of more than 50 percent. The comparison basis for the 2010 fiscal year
is the Group EBIT, excluding the discontinued business division, in the sum of 29.0 million euros. As
a result of the very good 1 st quarter 2011, in May 2011 Jenoptik had already raised the original
forecast results announced in March 2011. All three segments are expected to contribute to the
improvement in the results.
Jenoptik Chairman Michael Mertin: “On the earnings side, in 2011 we will post the best fiscal year
in the recent history of Jenoptik. With our new financing and the investment decisions we have
taken we are also optimistic for the 2012 fiscal year despite the current general economic
uncertainties.
Note: The figures of the previous year (except for the cash flow) for the Group and the Defense &
Civil Systems division have been adjusted for the discontinued business division.

Contact:
JENOPTIK AG
Public Relations
Katrin Lauterbach
Telephone: +49 3641 65-2255
Mail: pr@jenoptik.com
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JENOPTIK AG
Investor Relations
29/2011
5 of 5
Sabine Barnekow
Telephone: +49 3641 65-2156
Mail: ir@jenoptik.com
09.11.2011
You will be able to access the full interim report on the first nine months of the 2011 fiscal year on
the Internet from 9.00 am under ‘Investor Relations / Reports & Presentations’.
Jena, November 9, 2011