LPKF Raises Forecast for 2009
By Prne, Gaea News NetworkMonday, November 9, 2009
GARBSEN, Germany, November 10 - Company performance
The LPKF Group has increased its earnings before interest and taxes
(EBIT) to EUR 5.0 million (previous year: EUR 1.9 million) in the first nine
months of 2009. Consolidated turnover rose around 10 % to EUR 34.7 million
(previous year: EUR 31.6 million). Incoming orders at EUR 44.1 million was
much higher than the previous year's level of EUR 32.6 million, and orders in
hand rose to EUR 19.8 million (previous year: EUR 8.0 million).
Following on from a good first half, the LPKF Group boosted earnings even
further in the third quarter. Compared to the same period the previous year,
turnover in the third quarter rose by 2 % to EUR 12.2 million, and EBIT rose
from EUR 1.4 million to EUR 2.2 million. Performance was positively
influenced by the changed product mix and cost savings.
Business overall in the first nine months was better than forecast.
Growth came from the Cutting & Structuring Lasers segment, where the
structuring lasers for the production of molded interconnect devices (MIDs)
using the patented LPKF LDS method were particularly in demand. Turnovers in
other segments were either down or unchanged because of the current economic
situation. The Rapid Prototyping and Joining Technologies segments though
enjoyed an upswing in incoming orders again in the third quarter.
Outlook for 2009 and 2010
In the light of the extraordinarily good development in business in the
first nine months, the Board of Managing Directors has raised the target for
the whole of 2009, and now expects an annual turnover of at least EUR 47
million, with a double-figure EBIT margin.
For the year 2010 the Board of Managing Directors expects turnover to
grow by a double figure percentage, and again expects to generate a
double-figure EBIT margin. However, forecasting the development in 2010 is
subject to the further development of the economy.
The LPKF Group Q3 report will be published on 10 November 2009. LPKF
Laser & Electronics AG shares are quoted in the Prime Standard of the
Frankfurt Stock Exchange (ISIN 0006450000).
sector: Semiconductors & active components ISIN: DE0006450000 indexes: CDAX, Prime All Share, Technologie All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Dusseldorf, Hannover, Munchen
Further inquiry note: LPKF Laser & Electronics AG Bettina Schafer, Investor Relations Tel: +49(05131)7095-382 issuer: LPKF Laser & Electronics AG Osteriede 7 D-30827 Garbsen phone: +49(0)5131-7095-382 FAX: +49(0)5131-7095-90 mail: investorrelations@lpkf.de WWW: www.lpkf.de
Further inquiry note: LPKF Laser & Electronics AG, Bettina Schafer, Investor Relations, Tel: +49(05131)7095-382, issuer: LPKF Laser & Electronics AG, Osteriede 7, D-30827 Garbsen, phone: +49(0)5131-7095-382, FAX: +49(0)5131-7095-90, mail: investorrelations at lpkf.de
Tags: Garbsen, Germany, LPKF - Laser & Electronics AG