The technology group JENOPTIK wants to return to growth in 2026 after a decline in sales and profits last year.
JENA (dpa-AFX) – Sales should increase and the margin for earnings before interest, taxes, depreciation and amortization (Ebitda) should improve again, the company announced on Friday after presenting preliminary annual figures in Jena. JENOPTIK expects a fundamentally positive development for the important semiconductor equipment industry – among other things because of the announced massive investments in data centers.
The share, which is listed in the SDAX small-cap segment, initially fell significantly in early trading, but was able to quickly reduce the loss. Most recently the loss was 2.5 percent. The previous day it had already fallen by more than one percent due to the weakness of technology stocks. However, the paper has performed robustly in recent months and is now paying tribute to this rally. The price has increased by more than a third in the current year, and in the past 12 months the increase has been around a fifth.
Order intake was disappointing in the fourth quarter, noted Malte Schaumann from Warburg Research. After the shares recently benefited greatly from incoming orders from chip supplier ASML (ASML NV), a setback is therefore not surprising for him. The Jena-based company published weak figures for the final quarter, but gave a positive outlook, noted Henrik Paganetty from the analysis company Jefferies.
Last year, the group felt weaker demand from the chip and automotive industries. The semiconductor equipment business stabilized in the second half of the year, as JENOPTIK reported. Overall, incoming orders fell by around three percent in 2025 to almost one billion euros. According to preliminary calculations, sales fell by around six percent to 1.05 billion euros. The operating result (Ebitda) fell by around 13 percent to 192 million euros, the corresponding margin deteriorated by 1.5 percentage points to around 18.4 percent. The numbers were slightly weaker than expected.
“JENOPTIK performed well in an overall difficult market environment in 2025,” said CEO Stefan Traeger. Despite declining sales, the company was able to maintain its profitability at a good level thanks to the cost-cutting measures it took and continued to significantly reduce net debt.
JENOPTIK plans to present a detailed outlook and details on the figures on March 25th.
With almost 4,500 employees worldwide, JENOPTIK is one of the few listed technology companies in East Germany. The core business is optical systems, lasers and measurement technology for industrial applications as well as lasers and equipment for traffic monitoring. The JENOPTIK share temporarily lost 2.07 percent to 26.46 euros on XETRA.
DOW JONES and dpa
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