Jenoptik AG (0ZPV) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Unoptic conference call regarding the results of the first nine months, 2025. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Dr. Stefan Treger. Thank you very much, and a very warm welcome to our Q3 earnings call. Our third quarter has been a quarter of light and shadows, as so many other companies report. We have some specialties that I was pointing out, and throughout the call, we are going to do that. With me today is, as usual, Priska Havane-Kozacek, our CFO. And I'll give some sort of color up front, and then Priska is going to lead us through the through the numbers. As I said, first quarter, a bit of a quarter of light and shadows. Revenue is down from prior year figures. If you take the third quarter 2025 versus third quarter 2024, our net sales are down by around minus 7%. And as a result, EBITDA or operating profit is also down versus prior year figures. That goes for the quarter as well as for the full year, year-to-date. On the other hand, though, free cash flow is very, very good. They have had a very good free cash flow, significantly improved versus prior year. And probably even more importantly, our auto intake pattern has developed as expected, but, yeah, very nicely. Our auto intake in the third quarter, is almost 14% higher than in the second quarter. And then the order intake in the third quarter of 2025 is 18% higher than in the third quarter of 2024. And as we always expected, order intake will strengthen in the second half of the year. And we do see that pattern emerging, which is great and obviously helps us going forward. Nevertheless, we have implemented a...