JENA (dpa-AFX) - Optic technology business Jenoptik AG (JEN, JNPKF) on Thursday reported lower earnings for the nine months ended September, despite a surge in revenues.
Earnings stood at 46.2 million euros or 0.71 euro per share as compared to 62.5 million euros or 1.12 euro per share in the year-ago period. Earnings were 0.68 euros per share in the year-ago period excluding a one-off effect.
EBITDA increased 7.4 percent to 117.8 million euros, versus 109.7 million euros in the prior period.
The prior-year earnings had included a positive one-off effect in connection with the 2020 acquisitions worth 25.6 million euros. Without that earnings on a comparable basis would have been 84.1 million euros and the growth rate 40.1 percent.
Overall EBITDA margin dropped to 16.9 percent, from 21.1 percent in the previous period. EBITDA margin in the prior year was 16.2 percent excluding the one-off effect.
The EBITDA margin of the Advanced Photonic Solutions declined to 23.3 percent, from 30.2 percent earlier.
Revenue for the nine-month period increased 34.4 percent to 698 million euros, from 519.5 million euros in the comparative prior period, helped by the 51 percent growth in revenues from Advanced Photonic Solutions.
For 2022, the revenue expected is in the upper half of the existing range of 930 to 960 million euros.
The EBITDA margin is still anticipated to increase to 18.0 to 18.5 percent
Shares of Jenoptik closed Wednesday's trading at 24.22 euros, down 0.04 euros or 0.16 percent from the previous close.
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