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    JEN   DE000A2NB601

JENOPTIK AG

(JEN)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 12/07 03:58:00 pm
37.05 EUR   +7.08%
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Jenoptik : New owner for crystal growth business in Eisenach

07/06/2021 | 09:10am EST

Hellma Materials GmbH, Jena, is taking over Jenoptik's germanium crystal growth business. A contract between the parties was signed yesterday (Monday). The acquisition is still subject to regulatory approval, which is expected within the next weeks. Both parties have agreed not to disclose the purchase price.

Hellma Materials is a specialist in the production of synthetic crystals and optical ceramics for various applications, primarily for microlithography, optics, laser technology and radiation detection. Jenoptik's crystal growing activities are bundled in Photonic Sense GmbH, Eisenach (Thuringia). The produced blanks from optical germanium and silicon are the base material, e.g. for infrared optics.

The business sold ideally complements the product portfolio of Hellma Materials. 'With the activities acquired, we can offer our customers an even more comprehensive range of materials for applications in the optical and photonic industry,' says Dr. Thomas Töpfer of Hellma Materials. Hellma Materials will take over all 25 employees of the company and will continue the production at the Eisenach site. Photonic Sense generated revenue of around 6 million euros in 2020. 'With Hellma Materials, we have found a strong and suitable new owner for the business,' said Stefan Traeger, President & CEO of JENOPTIK AG. He adds, 'With this step, we continue to implement our strategic goal of focusing on applications around optics and photonics.'

This announcement can contain forward-looking statements that are based on current expectations and certain assumptions of the management of the Jenoptik Group. A variety of known and unknown risks, uncertainties and other factors can cause the actual results, the financial situation, the development or the performance of the company to be materially different from the announced forward-looking statements. Such factors can be, among others, pandemic diseases, changes in currency exchange rates and interest rates, the introduction of competing products or the change of the business strategy. The company does not assume any obligation to update such forward-looking statements in the light of future developments.

About Jenoptik

Optical technologies are the very basis of our business: Jenoptik is a globally active technology group and is active in the three photonics-based divisions: Light & Optics, Light & Production and Light & Safety. Under the TRIOPTICS brand, Jenoptik also offers optical test and manufacturing systems for the quality control of lenses, objectives and camera modules. VINCORION is the brand for our mechatronic business. Our key target markets primarily include the semiconductor industry, medical technology, automotive and mechanical engineering, traffic, aviation as well as security and defense technology industries. Approximately 4,500 employees work for Jenoptik worldwide. The Group's headquarters are in Jena (Germany). JENOPTIK AG is listed on the German Stock Exchange in Frankfurt and is included in the SDax and TecDax. In the 2020 fiscal year, Jenoptik generated revenue of approx. 767 million euros.

About Hellma Materials

Hellma Materials is a leading manufacturer of high quality synthetic crystals and optical ceramics for microlithography, optics, laser technology and radiation detection.

Since its foundation in 2010, Hellma Materials has continued the tradition of growing crystals for the photonics industry in Jena, Germany. With the acquisition of a manufacturing site in the USA in 2018, optical ceramics were added to the product portfolio.

Disclaimer

Jenoptik AG published this content on 06 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2021 13:09:01 UTC.


© Publicnow 2021
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Sales 2021 831 M 937 M 937 M
Net income 2021 88,2 M 99,5 M 99,5 M
Net Debt 2021 342 M 385 M 385 M
P/E ratio 2021 23,8x
Yield 2021 0,87%
Capitalization 2 110 M 2 372 M 2 379 M
EV / Sales 2021 2,95x
EV / Sales 2022 2,39x
Nbr of Employees 4 316
Free-Float 89,0%
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Number of Analysts 7
Last Close Price 36,86 €
Average target price 37,57 €
Spread / Average Target 1,93%
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Managers and Directors
Stefan Traeger Chairman-Executive Board, President & CEO
Hans-Dieter Schumacher Chief Financial Officer
Matthias Wierlacher Chairman-Supervisory Board
Heinrich Reimitz Member-Supervisory Board
Andreas Tünnermann Member-Supervisory Board
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