The Jenoptik share celebrates its birthday: 25 years on the stock exchange
Jenoptik has been traded on the Frankfurt Stock Exchange since June 16, 1998. It was one of the first IPOs in the new federal states. After the issue of new shares, conversion to the euro, a capital increase, the disappearance of the "Neuer Markt" and financial crisis: Jenoptik's share price has developed positively. Almost 30 years later, on May 31, 2023, the share price in XETRA trading stood at 31.48 euros.
IPO as a basis for growth
From former state-owned combine to listed photonics company: Jenoptik GmbH was founded in Jena, Thuringia, in 1991 under the leadership of Lothar Späth. As the legal successor to the nationally owned combine VEB Carl Zeiss Jena, Jenoptik was active at the time in the optoelectronics, systems technology and precision manufacturing business areas.
The 1990s were a phase of strong corporate restructuring with high investment requirements. The largest acquisition was that of Meissner + Wurst GmbH Co. KG (now M + W Group) from Stuttgart in 1994, which opened up a number of important markets, particularly in Asia.
The capital generated by the IPO, amounting to around DM 260 million, laid the foundation for future stable growth, which continues to this day.
You can find out more about the history of the Jenoptik Group in our chronicle.
Pictured right: The 1998 Jenoptik Executive Board in front of the Frankfurt Stock Exchange. From left: Alexander von Witzleben, Dietmar Kubis, Lothar Späth, Jürgen Gießmann, Heinz Schleef, Roland Schelling (then Chairman of the Jenoptik Supervisory Board).
Represented in major stock market indices
After only six months, in December 1998, the Jenoptik share was included in the price index of the 70 most important second-line stocks in Germany - the MDax - with a market capitalization of 685 million euros. At that time, Jenoptik ranked 59th in terms of stock market turnover and 76th in terms of market capitalization in the Deutsche Börse ranking of 100 companies.
Five years later – after Deutsche Börse AG added a new member to its index family in 2003 – Jenoptik moved into the newly created TecDax, a clearly technology-oriented capital market segment. In September 2007, Jenoptik was forced to leave the technology index briefly by decision of Deutsche Börse due to insufficient stock market turnover, but was able to celebrate its re-entry in December 2008.
Since then, Jenoptik has met the required criteria in terms of market capitalization and stock exchange turnover and today, since March 2023, is once again one of the established stocks in the MDax. The MDax tracks the performance of the 50 largest companies, which follow the 40 companies in the Dax.
Pictured left: The then Jenoptik Executive Board members Dietmar Kubis (left), Alexander von Witzleben (2nd from left) and Lothar Späth (1st from right) followed the turbulent events on the Frankfurt stock exchange floor together with the then Thuringian Minister of Finance Andreas Trautvetter (center) and the former Chairman of the Jenoptik Supervisory Board Roland Schelling (2nd from right).Shareholder structure and basic share data
The largest single shareholder of JENOPTIK AG is Thüringer Industriebeteiligungs GmbH & Co. KG, Erfurt, which directly holds a total of 11 percent of the voting rights. The free float of JENOPTIK AG remained unchanged at 89 percent at the end of the fiscal year.
At year-end 2022, a total of 50,612 shareholders (previous year: 49,995) were entered in the share register, of which 556 were institutional investors (previous year: 588) and 50,056 were private investors (previous year: 49,407).
Market capitalization based on 57,238,115 shares issued totaled 1,463.0 million euros at year-end 2022 (previous year 2,125.8 million euros).
Basic data on the share
- ISIN DE000A2NB601
- WKN A2NB60
- Stock exchange symbol JEN
- Reuters Xetra JENG.DE
Further basic data can be found here on the share web page.
Share certificates from 1998
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