Jenoptik Stock: First Quarter Stumbles Below Expectations

Jenoptik's stock faced significant pressure after the technology company reported disappointing first-quarter results that fell substantially short of market expectations. Revenue decreased by 5% to €243.6 million, missing analyst projections of approximately €249 million. More concerning was the steep 19% decline in EBITDA to €36.2 million, with margins contracting from 17.4% to 14.9%. Operating profit (EBIT) fell to €16.9 million versus expected €23 million, while net profit dropped dramatically to €9.2 million compared to €15.4 million in the previous year. Management cited challenging market conditions, particularly in the semiconductor equipment division, as the primary factor behind these weakened results.

Cautious Outlook Despite Maintained Guidance

Despite the weak start, Jenoptik's management maintains its full-year forecast, still expecting annual revenue to remain roughly at last year's level of €1.115 billion with an EBITDA margin between 18.0% and 21.0%. The company anticipates a potential recovery in demand during the second half of the year, especially in semiconductor equipment. However, executives have acknowledged increased uncertainty regarding both the timing and strength of this expected rebound, raising questions among investors about whether the company can achieve its annual targets after such a disappointing first quarter.

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Source StockWorld