FRANKFURT (dpa-AFX Broker) - Positive sentiment prevailed on Wednesday following Jenoptik's guidance for the current fiscal year. Amidst a broad market rally, the shares climbed 6.7 percent to 27.24 euros, with gains reaching nearly nine percent at the session high.

This rally effectively halts the downward trend seen in recent weeks. After hitting an interim peak of nearly 30 euros at the beginning of the month, the stock had experienced a significant pullback.

According to Henrik Paganetty of Jefferies, the technology group's projections align with market expectations. The targeted EBITDA margin range of 19 to 21 percent compares to a consensus estimate of 20 percent. Jenoptik aims for mid-single-digit percentage revenue growth, while the market is currently forecasting an 8 percent increase, the expert noted.

Meanwhile, Michael Kuhn of Deutsche Bank offered praise for Jenoptik's incoming CEO, Dominic Dorfner, who is set to take office by October at the latest. Jenoptik had announced the appointment yesterday afternoon. The statements made by Supervisory Board Chair Daniela Mattheus regarding the CEO-designate "read well," the analyst commented. Kuhn quoted the Chairwoman stating that Dorfner stands for strategic clarity and consistent execution./bek/mne/stk

-----------------------

dpa-AFX Broker - Trader News from dpa-AFX

-----------------------