JENA (dpa-AFX) - Jenoptik AG (JNPKF.PK), engaged in the optics and photonics business, on Wednesday said its revenue for the first half of the year increased 35.8% to 447.2 million euros from 329.3 million euros in the previous year.
At the end of the first half-year, EBITDA, or earnings before interest, taxes, depreciation, and amortization was 69.6 million euros, up from 66.6 million euros last year.
Jenoptik achieved group earnings after tax of 23.3 million euros or 0.41 euros per share, lower than 37.7 million euros, or 0.65 euros per share a ear ago.
Based on first-half performance and well-filled project pipeline, the company has raised its guidance for the full year.
Revenue for the year is expected between 930 million euros and 960 million euros. Previously the company was expecting revenue growth of at least 20% from 750.7 million euros posted last year, or at least 900.84 million euros.
Jenoptik said it expects EBITDA to increase significantly year-on-year, excluding one-off effects. Last year, EBITDA was 125.2 million euros.
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