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Jenoptik sales topped €1BN in 2023

14 Feb 2024

Provisional figures show that the German photonics giant hit revenue and profitability targets.

Jenoptik says that its annual sales revenues exceeded €1 billion for the first time last year, with further growth anticipated in 2024.

Although the firm’s annual report will not be published until next month, preliminary figures show that Jenoptik posted earnings before interest, taxes, depreciation and amortization (EBITDA) of €210 million on sales of €1.07 billion.

That sales figure was squarely in the middle of the company’s prediction from a year ago, and 9 per cent up on the total posted in 2022.

Jenoptik CEO Stefan Traeger commented: “Despite an increasingly challenging economic environment, 2023 was a very successful year for Jenoptik. We achieved our revenue goals and earnings targets which we had increased in the course of the year.”

Traeger also said that the he expected profitably to continue growing in the current fiscal year, and that the company remained on track to achieve its 2025 goals - for which it has targeted annual revenue of €1.2 billion and an EBITDA margin of 20 per cent, up slightly on the 2023 figure of 19.7 per cent.

Semiconductor equipment momentum
That confidence comes despite a slowdown in order intake last year. At €1.09 billion, the latest figure was down 8 per cent on the 2022 total of €1.19 billion that was boosted by the initial post-pandemic recovery.

Jenoptik said that the main growth driver of the business last year was its “advanced photonic solutions” division, which continued to benefit from strong demand generated by the semiconductor equipment industry.

That line of business is expected to receive a further boost in 2025, when Jenoptik’s new site in Dresden begins operations. Located in the heart of “Silicon Saxony”, the micro-optics manufacturing facility will produce high-end optical devices and sensors primarily for use in semiconductor lithography applications.

The Dresden facility will itself feature a high-end electron beam lithography system capable of producing features with 10 nm precision. Jenoptik said last month that the system would be equipped with “cell projection” functionality, opening up further possibilities for applications in micro-optics.

In other recent developments, Jenoptik chose the SPIE Photonics West event to launch novel diode laser packages featuring a new kind of heat-sink, for applications in pumping high-power solid-state lasers.

The new “LS” design is said to differ only slightly from the previous “CS” option, with its double-sided open heat-sink approach improving conductive cooling of the laser bar.

As a result, the LS is said to offer superior performance compared to the CS with continuous-wave output power levels exceeding 150 W in the 9xx nm wavelength range, for either pumped or direct-diode systems.

LASEROPTIK GmbHHÜBNER PhotonicsTRIOPTICS GmbHAlluxaIridian Spectral TechnologiesUniverse Kogaku America Inc.CHROMA TECHNOLOGY CORP.
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