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

With its new growth agenda, Jenoptik will further accelerate its transformation into a globally leading, pure photonics group. The core of the “MORE VALUE” agenda is the group’s focus on the three high-growth future markets of semiconductors/electronics, life science/medical technology and smart mobility.
Jenoptik expects substantial organic revenue growth from this, which is to be supplemented by further acquisitions. Taking into account potential divestments (incl. VINCORION) and acquisitions, Jenoptik expects average annual revenue growth of around 8 percent, or around EUR 1.2 billion by 2025.
An improved product mix with a successive increase in the proportion of higher-margin products is expected to bring an additional boost in profitability to an EBITDA margin of around 20 percent. The ROCE (without goodwill) is expected to reach approx. 20 percent.
Goals 2025
~ 8 %
Average annual revenue growth
~ 1.2 bn euros
Forecasted revenue
~ 20 %
ROCE (without goodwill)
~ 20 %
EBITDA margin
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
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.
Outlook for the fiscal year 2023

Significant revenue increase and margin improvement expected
Based on the good order intake, the high order backlog, and good ongoing developments in the core photonics businesses, especially in the semiconductor equipment sector, the Executive Board of JENOPTIK AG is confident of further profitable growth in the fiscal year 2023. Jenoptik is therefore anticipating revenue of 1,050 million euros to 1,100 million euros and an EBITDA margin of 19.0 to 19.5 percent for 2023. Jenoptik will continue to invest in the expansion of its production capacities, and therefore expects investments in fiscal year 2023 to be significantly up on the prior-year figure of 106.0 million euros.
This forecast presupposes that geopolitical risks do not worsen. These include, for example, the Ukraine conflict with the sanctions that have been put in place and potential impacts on price developments, energy supplies, and supply chains. Potential portfolio changes are not included in this forecast.