Jenoptik announced earnings results for the first quarter of 2017. For the quarter, the company's revenue rose to EUR 163.7 million compared to EUR 158.2 million a year ago, with growth seen in optical systems for the information and communication technology as well as the semiconductor equipment industries. In the first three months of 2017, EBIT improved at a faster rate than revenue. At EUR 11.0 million, the operating result was 13.0% up, compared to EUR 9.7 million a year ago. The EBIT margin of 6.7% was higher than in the prior year. Earnings before interest, taxes, depreciation and amortization (EBITDA) also increased more sharply than revenue, by 6.5% to EUR 17.7 million against EUR 16.6 million a year ago. Free cash flow of EUR 10.2 million compared to EUR 12.0 million a year ago.

For the full year of 2017, the company is anticipating organic growth in revenue and earnings. Group revenue is expected to come in at between EUR 720 million and EUR 740 million. The company is also expecting EBIT - on the basis of continuing operations - to rise in 2017. Depending on the development of revenue, the EBIT margin is forecast within the range of 9.5% to 10.0%.