Jenoptik ceases mid-format camera activities

The company added the business potential in the medium-format camera segment was also significantly affected by the worldwide economic and finanical crisis. The termination will result in extraordinary charges of Euro 7.9 million, which will be included in Jenoptik’s second-quarter results.

Jenoptik also announced its subsidiary Sinar AG of Feuerthalen, Switzerland, will continue to provide full warranty and after-sales services for mid-format camera systems and will also continue to market professional analog and digital specialist camera solutions."The business of Sinar AG will be continued outside Jenoptik," the company said, adding it will concentrate on its core business which includes digital imaging systems for medical, traffic safety, and military applications. Last year, Jenoptik AG recorded sales of Euro 548.3 million (US$ 773 million) with earnings after taxes of Euro 16.6 million (US$ 23.4 million).