euro adhoc: LPKF Laser & Electronics AG
Quarterly or Semiannual
Financial Statements
LPKF reports further increase in turnover and
orders received and has new member of Managing Board of Directors
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
The Group generated the following results after nine months:
~
2004 (9 mon.) 2003 (9 mon.) Change
Turnover KEUR 17,179 16,200 + 6.0%
EBIT KEUR 676 1,129 -40.1%
EBIT margin 3.9% 7.0%
Result KEUR 132 730 -81.9%
EPS EUR 0.01 0.07 -85.7%
Cash and cash
equivalents KEUR 6,124 5,627 + 8.8%
Capital ratio 72.5% 72.2%
Orders received by AG
per 16. Nov. KEUR 18,501 14,810 +24.9%
Orders in hand at AG
per 16. Nov. KEUR 3,886 3,431 +13.3%
~
Notes on the quarterly results:
LPKFs turnover has grown in the first nine months of the financial
year despite the weak dollar. The growth in turnover is largely
attributable to the Laser segment that grew by approx. 10%. The new
and further developments in this segment, especially of the Laser
Drilling and Cutting Systems, had a positive impact on sales. This
years figures should be seen in the light of the two major orders
totalling EUR 2.7 million closed in the third quarter last year which
had a significant influence on the turnover and results in 2003. EBIT
per 30.09.04 was depressed in particular by the higher marketing and
distribution costs (EUR 0.6 million), the generally high development
costs for laser systems and ProtoMats (EUR 2.3 million) not
capitalisable according to the strict IFRS criteria, the weak dollar
(EUR 0.3 million), and the rise in the profit offsetting (EUR 0.3
million) by subsidiaries.Outlook: The management is very confident that the positive development of orders received and the increased marketing and distribution activities for a product range customised to the needs of the market will accelerate LPKFs growth. The recently developed products for PCB production will be presented at major trade fairs around the world and will open up new markets. The main engine of growth is considered to be Asia where turnover rose around 55% in the first nine months of 2004. Management is forecasting a rise in turnover of approx. 10% year-on-year for 2004. Based on the new product range the management aims at a turnover of EUR 30 million in 2005 and a doubling of the 2004 turnover until 2007.
New member of Managing Board of Directors: Bernd Lange, who has been Business Development Manager at LPKF for a long time now with responsibility for marketing, is appointed to the Board of Managing Directors with immediate effect. His main responsibilities will be for development and marketing.
LPKF Laser & Electronics AG Shares are quoted in the Prime Standard at the Frankfurt Stock Exchange (ISIN 0006450000, WKN 645000).
LPKF Laser & Electronics AG Osteriede 7 D-30827 Garbsen
end of announcement euro adhoc 18.11.2004 08:45:00
Further inquiry note:
Ulrike Thoms-von Meding
LPKF Laser & Electronics AG
Tel.: +49(0)5131 7095 382
u.thomsvonmeding@lpkf.de
Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: Prime Standard, CDAX, Prime All Share, Technologie All Share
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