LPKF Laser & Electronics AG

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

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    Hannover (ots Ad hoc-Service) -      

    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.

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