EANS-Adhoc: LPKF reports jump in profits in first half year
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
quarterly report
13.08.2009
LPKF reports jump in profits in first half year
Company performance
The Group enjoyed a 15 % rise in turnover year-on-year to EUR 22.5 million in the first half, and improved earnings from EUR 0.5 million the previous year to EUR 2.8 million. The EBIT margin after six months was 12 %. The earnings per share (EPS) rose from EUR 0.00 to EUR 0.15. The level of orders received at EUR 23.2 million almost matched last year´s high level of EUR 24.1 million.
After a good first quarter, the LPKF Group boosted turnover and earnings further in the second quarter. Compared to the same period the previous year, turnover in Q2 rose by 11 % to EUR 12.4 million, and EBIT climbed from EUR 0.8 million to EUR 1.6 million. Earnings were positively influenced by the rise in turnover as well as the changed product mix, and cost savings.
The company performance overall exceeded expectations in the first half. Growth was generated by the Cutting & Structuring Laser segment - where there was particularly strong demand for structuring lasers for the production of MIDs. Turnover in the other segments was either down or barely changed as a consequence of the current economic situation.
Outlook 2009
Even though there are the first signs of an end to the global economic crisis, it is still very difficult to make a reliable forecast for the fourth quarter 2009 in particular.
Given the good order situation in some segments, the Board of Managing Directors expects the LPKF Group to generate an annual turnover matching last year´s level, and a considerably improved level of earnings.
The half-year financial report will be published on 14 August 2009.
The shares in LPKF Laser & Electronics AG are quoted in the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000).
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
LPKF Laser & Electronics AG
Bettina Schäfer, Investor Relations
Tel: (05131) 7095-382
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
Original-Content von: LPKF Laser & Electronics AG, übermittelt durch news aktuell