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Annual Report 2020
In 2020, Jenoptik consistently continued its development into a leading photonics group with the acquisition of TRIOPTICS, the ongoing internationalization and a large number of cutting-edge innovations being key milestones. The subject of sustainability too has become considerably more important. The very robust financial situation will allow further investment in organic growth, innovations and suitable acquisitions in the future.
Jenoptik successfully completed the 2020 reporting year despite the difficult conditions caused by the COVID-19 pandemic. With an adjusted EBITDA margin including TRIOPTICS and before PPA impacts of 17.6 percent, profitability was significantly above even the company's own targets. In this light, the two members of Jenoptik's Executive Board, Dr. Stefan Traeger and Hans-Dieter Schumacher, have expressed their confidence that the Group is on the right track for further sustainable and profitable growth with its strategy.
We will continue to pursue our strategy, and systematically develop Jenoptik into a focused, high-growth and very profitable high-tech group in the photonics sector. Innovation will remain the driving force behind our future success.
More Light – this motto stands above all our initiatives for a successful, high-growth and profitable Jenoptik. Key elements are our ongoing internationalization, a large number of cutting-edge innovations and sustainability. The events and projects that contributed to our strategic development in the past year are presented here as examples.
Thanks to a very healthy balance sheet and a sustainably good free cash flow, we have sufficient reserves for further investments and acquisitions, even after the purchase of TRIOPTICS.