Press Release - Jenoptik AG

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Date:
29/2011
2 of 5
09.11.2011
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