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JENOPTIK AG
Earnings Release • Jan 26, 2021
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Earnings Release
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News Details
Ad-hoc | 26 January 2021 20:37
JENOPTIK AG: Jenoptik exceeds forecast for adjusted EBITDA margin for 2020.
JENOPTIK AG / Key word(s): Change in Forecast
JENOPTIK AG: Jenoptik exceeds forecast for adjusted EBITDA margin for 2020.
26-Jan-2021 / 20:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
JENOPTIK AG’s Executive Board today gained fundamental information in the process of preparing the consolidated financial statements for fiscal year 2020 that the Group’s adjusted EBITDA margin will probably reach around 17.5 percent, and thus will be significantly above the expected range of between 15.0 and 15.5 percent (including TRIOPTICS / before PPA effects from the acquisition of TRIOPTICS). This is particularly due to lower than expected cost of sales attributable to project accounting at the end of the year as well as better utilization of production capacities in the photonic divisions.
In fiscal year 2020, adjustments for structural and portfolio measures totaled around 20 million euros. The EBITDA margin including the adjustments stated above is anticipated to exceed 14.5 percent.
Revenue is expected to reach approximately 765 million euros, thereof more than 25 million euros were attributable to TRIOPTICS.
JENOPTIK AG
The Executive Board
Contact:
Leslie Iltgen
Vice President Investor Relations & Communications
Phone +49 162 274 5652
26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | [email protected] |
| Internet: | www.jenoptik.com |
| ISIN: | DE000A2NB601 |
| WKN: | A2NB60 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1163504 |
| End of Announcement | DGAP News Service |