JENA (dpa-AFX) - Improved business, particularly in Asia-Pacific and Europe, has given the technology group Jenoptik a further boost in the third quarter. Sales and earnings increased. "In view of our high order backlog, among other things, we are confident for 2023," said CEO Stefan Traeger in a statement on Thursday. While the management confirmed the annual target for turnover, it is more confident about the margin (EBITDA). This is now expected to reach 19.5 percent for the year as a whole, after previously targeting 19 to 19.5 percent. In the previous year, the margin was 18.8 percent.

In the third quarter, earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 6.7 percent year-on-year to 51.4 million euros, as the company announced in Jena. The corresponding margin rose from 19.2 percent in the previous year to 19.5 percent. The bottom line was a profit of 21.5 million euros after 18.2 million euros in the same period last year. The Thuringian company's turnover climbed by 5.2 percent to just under 264 million euros. Analysts had expected more in terms of operating profit and turnover./mne/stk