Jenoptik Stock: Profits Plunge Amid Semiconductor Slump

The Thuringia-based technology group Jenoptik reported a sharp decline in performance for the first half of 2025, with revenue dropping nearly 8% to €498 million. The operational EBITDA plummeted by 22.3% to €78.8 million, while the margin contracted from 18.8% to 15.8%, signaling significant profitability pressures. The semiconductor and advanced manufacturing segment, a key revenue driver, saw a 15% decline, dragging down overall results. Although the company managed growth in the Americas, weak demand in Europe and Asia-Pacific offset gains. Order intake showed a slight recovery in Q2 but remained below prior-year levels at €472.7 million.

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Management slashed its full-year forecast, now targeting only the lower half of previously projected ranges, with revenue expected to stagnate around €1.12 billion. Operational margins are anticipated between 18% and 21%, down from 19.9% in 2024. Unpredictable U.S. tariff policies under President Donald Trump have exacerbated uncertainties, particularly for the semiconductor equipment industry, delaying strategic moves like the planned sale of subsidiary Prodomax. Despite the challenges, some analysts maintain a bullish stance, citing potential mid-term recovery.