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EQS-Adhoc: JENOPTIK AG: Delayed upturn in the semiconductor equipment industry expected: Financial targets for 2025 postponed by one year / Revenue and earnings forecast for 2024 confirmed
EQS-Ad-hoc: JENOPTIK AG / Key word(s): Change in Forecast
JENOPTIK AG: Delayed upturn in the semiconductor equipment industry expected: Financial targets for 2025 postponed by one year / Revenue and earnings forecast for 2024 confirmed
05-Nov-2024 / 19:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Delayed upturn in the semiconductor equipment industry expected: Financial targets for 2025 postponed by one year / Revenue and earnings forecast for 2024 confirmed
The Executive Board of JENOPTIK AG currently assumes that the cyclical upturn in the semiconductor equipment industry will take place later than originally expected and that the present high level of overall market uncertainty will continue.
For fiscal year 2024, the Group confirms its previous revenue and earnings guidance based on its continued good order backlog, with revenue growth expected in the mid-single-digit percentage range (2023: 1,066.0 million euros) and an EBITDA margin of 19.5 to 20.0 percent (2023: 19.7 percent), including an expected burden of around 0.5 percentage points for the relocation to the new semiconductor site in Dresden. However, order intake in 2024 is likely to be slightly below the prior year's level.
Jenoptik had previously targeted revenue of around 1.2 billion euros and an EBITDA margin of 21 to 22 percent for fiscal year 2025. Due in particular to the expected delay in the upturn in the semiconductor equipment industry, these targets are now expected to be achieved in 2026.
Potential portfolio changes are not considered in these guidance figures.
Jenoptik will publish its business figures for the first nine months of the current year on November 12, 2024.
If you have any questions, please contact:
JENOPTIK AG | Investor Relations
Andreas Theisen Sabine Barnekow
Head of Investor Relations Investor Relations Manager
Telephone: +49 3641 65-2291 Telephone: +49 3641 65-2156
Email: andreas.theisen@jenoptik.com Email: sabine.barnekow@jenoptik.com
The Executive Board of JENOPTIK AG currently assumes that the cyclical upturn in the semiconductor equipment industry will take place later than originally expected and that the present high level of overall market uncertainty will continue.
For fiscal year 2024, the Group confirms its previous revenue and earnings guidance based on its continued good order backlog, with revenue growth expected in the mid-single-digit percentage range (2023: 1,066.0 million euros) and an EBITDA margin of 19.5 to 20.0 percent (2023: 19.7 percent), including an expected burden of around 0.5 percentage points for the relocation to the new semiconductor site in Dresden. However, order intake in 2024 is likely to be slightly below the prior year's level.
Jenoptik had previously targeted revenue of around 1.2 billion euros and an EBITDA margin of 21 to 22 percent for fiscal year 2025. Due in particular to the expected delay in the upturn in the semiconductor equipment industry, these targets are now expected to be achieved in 2026.
Potential portfolio changes are not considered in these guidance figures.
Jenoptik will publish its business figures for the first nine months of the current year on November 12, 2024.
If you have any questions, please contact:
JENOPTIK AG | Investor Relations
Andreas Theisen Sabine Barnekow
Head of Investor Relations Investor Relations Manager
Telephone: +49 3641 65-2291 Telephone: +49 3641 65-2156
Email: andreas.theisen@jenoptik.com Email: sabine.barnekow@jenoptik.com
End of Inside Information
05-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: | English |
Company: | JENOPTIK AG |
Carl-Zeiss-Straße 1 | |
07743 Jena | |
Germany | |
Phone: | +49 (0)364 165-2156 |
Fax: | +49 (0)364 165-2804 |
E-mail: | ir@jenoptik.com |
Internet: | www.jenoptik.com |
ISIN: | DE000A2NB601 |
WKN: | A2NB60 |
Indices: | MDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2023055 |
End of Announcement | EQS News Service |
2023055 05-Nov-2024 CET/CEST