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LPKF Laser & Electronics AG

ots Ad hoc-Service: LPKF Laser & Electronics <DE0006450000> LPKF Laser & Electronics AG with record result

Hannover (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Following yesterdays meeting of the supervisory board to finalise
the year 2000 result, it was announced that the turnover of the LPKF
Laser & Electronics AG group could be increased by 41.8 % to 54.7
million DM. The overall performance increased from 44.4 million DM in
the previous year to 62.3 million DM. All new laser and measuring
systems have been successfully introduced to the market. The quantity
planning of the market resulted in a shift of turnover as compared to
the originally planned revenue of 57.5 million DM. The EBIT was
increased year-on-year by 31.7% to 12.3 million DM and is thus higher
than expected. The group result before tax is 12.1 million DM, and
the consolidated net income is 6.2 million DM, taking into
consideration profit retention. This means an increase of 41.2 %
year-on-year. The concern earnings as assumed in the planning with a
full distribution of profits would result in 7 million DM.
The board of directors and the supervisory board decided to
propose a dividend increase by 20% of DM 0.12 per share at the
General Annual Meeting on May 17th, 2001 in Hannover.
After expiration of his management contract, Bernd Hildebrandt,
chairman of the board of directors, is to change - with the day of
the annual meeting -to the supervisory board and become its chairman.
Already in the past 12 months Bernd Hildebrandt has taken care almost
exclusively of the strategic planning, important contracts and
co-operations as well as Investor Relations. Released from daily
business, he will intensify this work from his new position. The
supervisory board of LPKF will continue to play an active role in the
top management, as has been the practice at LPKF. Bernd Hackmann , he
joined the company in 1983, will become new chairman of the Board of
Directors.
Detailed information about the financial result and the prospects
of the company will be given on the balance press conference in
Hannover on April 2nd , 2001 and the analysts meeting in Frankfurt on
April 3rd 2001.
End
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Original content of: LPKF Laser & Electronics AG, transmitted by news aktuell