Jenoptik shares: Growth and Opportunities

Last Updated: 7. Februar 2024By

Jenoptik stock has slightly increased since the beginning of the year, confirming the positive trend of the previous months. However, after the publication of the preliminary figures for the 2023 fiscal year, the stock has slightly declined and is currently trading at just over 29 euros (as of February 7, 2024, around 11 a.m.).

The technology company, which produces products for the chip industry and medical technology, has performed strongly in the last year and has achieved its goals. Jenoptik continues to grow and become more profitable – and this is expected to remain the case in the coming years. The growth dynamics make the Jenoptik stock interesting for investors.

Jenoptik shows significant growth in 2023 With sales of around 1.07 billion euros, Jenoptik not only generated about 9 percent more revenue than the previous year, but also met its own forecast of 1.05 to 1.1 billion euros. EBITDA increased by 14 percent to 210 million euros.

As a result, the margin also improved to 19.7 percent. The company had expected a margin of 19.5 percent and was able to exceed the previous year’s figure (18.8 percent) once again. Only in terms of order intake did Jenoptik fall short of the previous year’s value with 1.09 billion euros.

Overall, the technology company not only looks back on a successful year 2023, but also remains optimistic about the future. Jenoptik aims to continue growing in 2024 and is sticking to its medium-term targets until 2025: By then, sales should reach 1.2 billion euros and the EBITDA margin should be between 21 and 22 percent.

Jenoptik stock: opportunities for growth Jenoptik’s customers are primarily active in future markets such as semiconductors and medical technology, which means that the company has good opportunities for growth in the coming years. At the same time, the company also manages to become increasingly profitable. Huge jumps in the Jenoptik stock are not expected in the next quarters.

However, investors should continue to keep an eye on the technology company due to its growth prospects. The majority of analysts also remain optimistic about the Jenoptik stock. One example: After the publication of the preliminary figures, Jefferies confirmed its target price of 34 euros.