Jenoptik AG announced earnings results for the fourth quarter and full year of 2017. The company announced EBIT margin has expanded by about 70 basis points. The company now showing an EBIT margin of around 10.4%, quite a bit higher than originally anticipated. The net debt development over the years coming from a very, very high negative situation in 2006, now even taking into account that had roughly $10 million higher investments last year. The free cash flow just throughout the last year has been approximately EUR 72 million, which is a little bit below the prior year.

For the quarter, the earnings figures increased stronger than revenue figure, EBITDA by 12.8% and EBIT even at 17.6%, with an EBITDA margin above 14% and an EBIT margin around 10.4%.

For the fiscal 2018 the company expects revenues to be in the range between EUR 790 million and EUR 810 million. The company expects an EBIT margin between 10.5% and 11%, somewhat up versus prior guidance of around 10%. Sales around EUR 800 million, somewhere between EUR 790 million and EUR 810 million.

The company expects revenues to grow in a mid- to high single digit range in the next 5 years on average and margins to expand to about 16% EBITDA by 2022.