Despite the industry’s economic woes, Jenoptik Group has released details of its financial outcome for 2008 showing organic growth and an overall successful 2008. As predicted by the company, group sales are set to reach just under €550 million while the group operating result will come in at about €37 million. Figures for 2008 are an improvement on 2007’s earnings, and the company expects this positive outlook to continue into 2009.
A 5% increase in sales from 2007 to 2008 was achieved purely by organic means, according to the company. Jenoptik claims increases in demand from sectors such as defense and security technology, the international traffic safety and implementation of strategic alignment and cost-cutting measures contributed to the company’s successful 2008, despite some difficulties faced by the company’s optoelectronics division. Additionally, Jenoptik Group has been reinstated in the TecDax since December 22, 2008 due to its positive results.