Enforcement and ANPR camera technology provider Jenoptik has announced it has “continued to perform very well in the first half-year”, with double-digit revenue and earnings growth.
Its CEO reports its Advanced Photonic Solutions and Smart Mobility Solutions divisions posted significant revenue growth and that “despite the weakening economic environment”, it is optimistic about achieving its targets for 2023.
Jenoptik posted its strongest revenue increase in Asia/Pacific, with a rise of 23.7%, followed by Europe (including Germany) with 15.8%. In the Americas, revenue was slightly above the very high level of the prior year. Overall, 75.2% of revenue was generated abroad (prior year: 75.9%).
The Group continues to expect revenue of between €1,050 and €1,100 million, and an EBITDA margin of 19.0 to 19.5%. This forecast is based on the assumption that geopolitical risks do not worsen. These include, for example, the Ukraine conflict – with the sanctions that have been put in place and potential impacts on price developments, energy supplies, and supply chains.
More details are here.
(Picture – Jenoptik)