Germany's Jenoptik raises FY EBITDA margin outlook on strong semiconductor equipment demand
Overview
Germany photonics group's preliminary 9-month EBITDA margin rose to 22%, lifting full-yr guidance
Company's preliminary 9-month revenue exceeded 800 mln euros, up from prior year
Preliminary 9-month order intake rose to 1.1 bln euros, driven by semiconductor equipment demand
Outlook
Jenoptik raises 2026 EBITDA margin guidance to about 22% from 20-21%
Jenoptik expects 2026 revenue growth of 5-9% versus prior year
Company says strong order intake continues, especially in semiconductor equipment business
Result Drivers
SEMICONDUCTOR DEMAND - Co said strong demand from semiconductor equipment industry drove results
PRODUCT MIX - Co attributed improved EBITDA margin to change in product mix
ORDER MOMENTUM - Co said high order intake continued in Q3, particularly in semiconductor equipment
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M EBITDA Margin | 22% | ||
9M Orders | EUR 1.1 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Jenoptik AG is €48.00, about 33.6% above its October 20 closing price of €35.94
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 23 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)