LPKF Laser & Electronics AG

EANS-Adhoc: LPKF raises forecast for 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
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9-month report

09.11.2009

LPKF raises forecast for 2009

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).

end of announcement                               euro adhoc
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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

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