JENA (dpa-AFX) - German integrated optoelectronics group Jenoptik (JNPKF.PK) posted a drop in first-quarter 2013 earnings after tax to 7.9 million euros, or 0.14 euros per share, from last year's 8.4 million euros, or 0.15 euros per share. Reflecting the sales development and due to the continued expansion of sales structures and expected higher R&D costs, the Group operating result or EBIT stood at 10.6 million euros, remained slightly below the prior-year level of 11.6 million euros.
The firm recorded sales of 132.0 million euros in the first quarter of 2013, down 4.1 percent from the previous year's 137.7 million euros, resulting from the continuing weakness in the semiconductor market and postponement of sales to subsequent periods. At 132.0 million euros, the order intake was at precisely the same level as sales.
Jenoptik's Executive Board confirmed its fiscal 2013 forecasts. In challenging economic conditions it expects to see slight growth in sales of up to 5 percent. In 2013, Jenoptik plans to invest in the expansion of its sales structures and innovative products and optimize internal processes.
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