Strategy and targets
Sustainable profitable growth as an expert in photonics
With the new Agenda 2025 “MORE VALUE” Jenoptik is focusing on sustainable profitable growth in photonic core markets
By focusing on photonic growth markets, we want to develop Jenoptik into a globally positioned photonics company. We have largely completed this transformation, creating strong growth platforms. For the remainder of the strategy period, our main priorities for the implementation of Agenda 2025 are organic growth, operational excellence, innovation, and customer focus.
The core of the "More Value" agenda is to focus Jenoptik's technological expertise on the three high-growth future markets of semiconductor & electronics, life science & medical technology as well as smart mobility. As an “enabler”, the company can create significant added value (“More Value”) for all stakeholders – e.g. customers, employees, and shareholders – with its photonic solutions, aiming for above-average growth and increasing profitability. For us, entrepreneurial activity is closely linked to our commitment to the environment and society.
Goals 2026
Forecasted revenue
~ 1.2 bn euros
EBITDA margin
21-22 %
ROCE > WACC
More information on our Agenda 2025 "MORE VALUE" is available in the presentation from the 2021 Capital Markets Day.
Objectives of Agenda 2025 “MORE VALUE”
- Transform Jenoptik into a globally leading pure photonics group
- Focus on three highly attractive growth markets: semiconductors/electronics, life sciences/medical technology and smart mobility
- Accelerate organic and non-organic growth
- Further increase profitability
- Strengthen financial firepower for organic growth and further acquisitions
Our photonic core markets
Semiconductors & Electronics
We want to support the next level of digitalization through photonic innovations and be recognized worldwide as a leading provider of application-specific optical testing and measurement solutions for high-end electronic products.
Life Science & Medical Technology
As one of the leading photonic OEM partners in the life science/medical technology sector, we want to contribute to improving the lives of millions of people around the world.
Smart Mobility
We aim to become a global, full-service provider that provides technology and services for mobility infrastructures with an innovative product portfolio and generates at least 50% recurring revenue.
Video: Enabling the amazing
In implementing our Agenda 2025 “MORE VALUE,” we rely on:
Digitization and innovation
As an innovative, high-tech company, it is essential for Jenoptik to identify future customer needs and trends at an early stage in order to derive corresponding technology and product developments from them. With our know-how and innovative products, Jenoptik, as an enabler, makes an important contribution to overcoming societal challenges and enables our customers to contribute more efficiently and sustainably to more resource conservation and climate protection.
Sustainability strategy
Sustainability is an integral part of our corporate strategy. Our sustainability targets are taken into account in the Executive Board remuneration and are incorporated into our group financing.
Operational excellence
With the introduction of the new Jenoptik Business System, we are supporting the implementation of our Agenda 2025.
Human Resources Management
The commitment and know-how of our employees worldwide is the key to Jenoptik’s success and sustainable growth.
Guidance
The outlook for the fiscal year 2025 remains influenced by high market uncertainties. For 2025, the Executive Board of the Jenoptik Group assumes that revenue will be at the lower end of the guidance range (between the prior year's figure and minus 5 percent / 2024: 1,115.8 million euros). The EBITDA margin, including the expected expenses for cost cutting measures in the high single-digit million euros range, is expected to be at the lower end of the guidance (18.0 to19.5 percent / 2024: 19.9 percent). Investments in the current fiscal year are anticipated to be significantly below the prior year's level of 114.6 million euros.
In the semiconductor industry, the Executive Board expects a fundamentally positive development, based in part on the announced significant investments in data centers. At the same time, there are still uncertainties, especially with regard to the timing and extent of the expected pick-up in demand, and due to current macroeconomic and political developments. These include the ongoing discussions and announcements on the subject of tariffs and their possible impacts, both on direct customer demand and on global economic growth. The extent to which these uncertainties will affect the Group’s business performance in 2026 cannot be assessed with sufficient certainty at this stage.
The expected negative impacts, including increases in material and labor costs, customs duties, and negative currency effects, are offset by expected savings from the cost-cutting measures implemented in 2025. The Executive Board is optimistic that both an increase in revenue and an improvement in margins can be achieved in the coming fiscal year.
The forecast is subject to the assumption that the political and economic environment does not deteriorate. Possible portfolio changes are not taken into account in this forecast.
as at November 2025
