Jenoptik expects to return to growth in 2026 after a weak order intake in the fourth quarter

LootboxPhobia · 2026-02-14T03:46:10+00:00

Jenoptik AG expects to resume growth in 2026, despite sales of approximately €1.05 billion in 2025, a 6% decrease year-over-year. Full-year EBITDA is €192 million, with weak order intake in the fourth quarter. The company is optimistic about demand improvement at the beginning of the new year, especially in the semiconductor business. Sales and profits are expected to grow in 2026, with detailed performance guidance to be released on March 25.

LootboxPhobia

2026-02-14 03:46:10

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Investing.com – Jenoptik AG expects to resume growth in 2026, after the company reported preliminary full-year 2025 sales of approximately €1.05 billion, down 6% year-over-year, with weak order data in the fourth quarter.

This German technology group’s preliminary full-year EBITDA was about €192 million, down 13% year-over-year, which was in line with expectations. This implies an EBITDA margin of approximately 20.3% in the fourth quarter, unchanged from the same period last year.

Order volume in the fourth quarter was weak, with the full-year order report close to €1 billion, indicating an order-to-sales ratio of 0.95. The order-to-sales ratio in the fourth quarter was only 0.75, below last year’s 0.82.

Despite weak orders in the fourth quarter, Jenoptik is optimistic about resuming growth in 2026, citing improved demand at the start of the new year. The company specifically emphasized that its core semiconductor-related business is expected to see a “fundamental positive development,” with revenue expected to recover and profit margins to improve.

Jenoptik noted that large-scale investment plans in data centers have significantly increased visibility into semiconductor equipment capital expenditures. The company expects sales and profits across all platforms to grow in 2026.

The company will provide an initial outlook for 2026 when it releases its final results on March 25. Current market consensus expects sales to grow by about 6%, with EBITDA margins expected to increase by 60 basis points.

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