LPKF Laser & Electronics AG

EANS-Adhoc: LPKF Laser & Electronics AG
Good start to 2009

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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quarterly report

14.05.2009

AD HOC ANNOUNCEMENT AS PER SECTION 15 WPHG

LPKF: Good start to 2009

Business performance

The LPKF Group boosted turnover year-on-year by 19.2 % in the first quarter to EUR 10.1 million, and generated an EBIT margin of 12.0 %. Business has therefore performed better than forecast in the first three months of the year. The growth in turnover is attributable to the Laser segment, and particularly, laser systems for the production of molded interconnect devices (MID). The Rapid Prototyping segment suffered a decline in turnover against the background of the international economic situation. In addition to the growth in turnover with a modified product mix, there were also positive effects from the change in the US Dollar exchange rate.

Financial ratios at a glance for Q1 2009:

|                       |31.03.2009  |31.03.2008    |Change        |
|in million EUR         |            |              |              |
|Turnover               |10.1        |8.5           |+ 19.2 %      |
|Net margin (%)         |5.5         |- 4.4         |              |
|EBIT                   |1.2         |- 0.3         |              |
|EBIT margin (%)        |12.0        |- 3.7         |              |
|Net income             |0.6         |              |              |
|after minority         |            |- 0.4         |              |
|interests              |            |              |              |
|ROCE (%)               |2.8         |- 0.8         |              |
|EPS (EUR)              |0.05        |- 0.03        |              |
|Cash and cash          |5.6         |1.9           |+ 190.7 %     |
|equivalents            |            |              |              |
|Capital ratio (%)      |68.5        |68.7          |              |
|Orders in hand         |11.5        |12.7          |- 9.2 %       |
|Orders received        |11.2        |11.8          |- 5.2 %       |

Outlook 2009 

Despite the good figures in the first quarter, the LPKF Group is still exposed to risks associated with the global economic crisis. All of LPKF's relevant markets are dependent on the global development in business activity. Forecasts are therefore associated with unusually high uncertainties. Nevertheless, LPKF considers itself to be well positioned thanks to its innovative products. The Board of Managing Directors is confident of the company's future performance and is sticking to its forecast for the 2009 financial year in the light of the current order situation. The forecast for 2009 is for the Group to generate a turnover similar to that achieved in 2008, and to improve profitability. The worst case scenario, presented alongside the forecast, of a decline in turnover of up to 25 %, but with a balanced result, is now considered to be less likely given the current business performance.

LPKF Laser & Electronics AG shares are quoted on the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000).

end of announcement                               euro adhoc
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Further inquiry note:

Bettina Schäfer
Tel.: +49 (0)5131 7095 382
b.schaefer@lpkf.de

Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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