JENOPTIK AG

Earnings Release • Aug 10, 2007

News Details

Ad-hoc | 10 August 2007 11:25

Jenoptik AG: Result below the figure for the previous year due to non-operational effects in both half years and following a weak 1st half year in the Sensors division

Jenoptik AG / Half Year Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Jenoptik Group posts 12.8 percent increase in sales in the 1st half year
2007.
The result came in below the figure for the previous year due to
non-operational effects in both half years and following a weak 1st half
year in the Sensors division.
Outlook for the full year 2007 impacted.

Sales of the Jenoptik Group increased by 12.8 percent in the 1st half year
2007 to 253.7 million euros (prev. year 224.9 million euros).
The Group EBIT, at 13.1 million euros was 3.0 million euros lower than in
the comparison period (prev. year 16.1 million euros), primarily
attributable to positive effects from real estate in the sum of nearly 2
million euros in the previous year and one-off negative effects on the
result totaling 1.8 million euros in the 1st half year 2007. By contrast,
the EBIT of the three operating divisions reached 17.1 million euros and
was therefore at almost the same level as in the previous year (prev. year
18.3 million euros). There were however clear shifts between the divisions:
for example, the Laser & Optics division increased its EBIT by 55 percent
to 11.6 million euros (prev. year 7.5 million euros) and consequently at a
markedly disproportionately high rate compared with the growth in sales
which totaled 14.6 percent. The EBIT posted by the Sensors division, at 3.2
million euros, was clearly down on the figure for the previous year (prev.
year 9.2 million euros). This result was burdened in particular by a weak
1st half year in the traffic safety technology area where virtually no
major international orders were awarded in the first half 2007. The unit is
simultaneously investing heavily in developing the North American market.
The integration of Hommelwerke and the French company Etamic is also
proceeding worldwide.
Earnings after tax totaled 0.6 million euros (prev. year 10.5 million
euros). The main reason for the fall - in addition to the lower Group EBIT
- was the interest result, which, as anticipated, is burdened by the
high-yield bond for the last time in 2007. Interest expenses in the sum of
13.6 million euros similar to the previous year (prev. year 14.2 million
euros) were offset by a markedly lower interest income of 3.6 million euros
(prev. year 8.8 million euros) as Jenoptik posted one-off interest income
in the previous year in connection with the sale of M+W Zander..

Sales of the Jenoptik Group in the full year 2007 are forecast to come in
at between 510 and 535 million euros and in the year 2008 to exceed the 550
million euro mark.
In the event of a marked pick-up in the market for traffic safety
technology, a continuation of the very good trend in the Laser & Optics
division and stable Mechatronics business which is expected to achieve
significant contributions towards sales and earnings in the 4th quarter as
it has in previous years, it is possible that the shortfall in earnings
from the Sensors division could be partially offset but probably not
compensated for. Therefore, despite the fact that the Laser & Optics
division will probably overfulfill our expectations and a stable situation
in the Mechatronics divisions and the production measurement technology the
Group operating result might not completely meet the original expectations
and come in at 32 to 36 million euros due to the shortfall in earnings of
the traffic safety technology area. In addition to the operating earnings
contribution higher special effects are expected in the second half of the
year, only some of which will impact on the EBIT. If the balance of these
effects will be slightly positive or negative can still not be forecast at
present.
These effects on the Group EBIT might e.g. stem from the Group’s continuing
process of focusing, from the early repayment of the fixed interest-bearing
bond as well as from the reform of taxation. In total, Jenoptik expects
that the EBIT range of 38 to 42 million euros as stated in the Annual
Report can be achieved, provided that the balance of the special effects is
slightly positive.

Contact: IR, Sabine Barnekow, Phone/Fax ++49(0)3641-652156;
www.jenoptik.com
DGAP 10.08.2007

---

Language: English
Issuer: Jenoptik AG
Carl-Zeiss-Straße 1
7739 Jena
Deutschland
Phone: +49 (0)364 165-0
Fax: +49 (0)364 165-2157
E-mail: ir@jenoptik.com
Internet: www.jenoptik.com
ISIN: DE0006229107
WKN: 622910
Indices: TecDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

---