euro adhoc: LPKF Laser & Electronics AG
quarterly or semiannual financial
statement
LPKF: Record first quarter turnover
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
12.05.2006
Ad hoc announcement pursuant to
Section 15 WPHGLPKF: Record first quarter turnover
The Group generated the following results in the first three months of the financial year: | |2006 (3 months) |2005 (3 months)|Change | |Turnover TEUR |8,141 |6,958 |+17.0% | |Profit TEUR |700 |940 |-25.5% * | |Net margin |8.6% |13.5% | | |EBIT TEUR |1,507 |1,633 |-7.7% * | |EBIT margin |18.5% |23.5% | | |EPS EUR |0.06 |0.09 |-33.3% * | |Cash and cash | | | | |equivalents TEUR |7,019 |6,522 |+7.6% | |Capital ratio |67.2% |69.7% | | |Orders in hand of | | | | |group 31.3 TEUR |8,374 |4,658 |+79.8% | |Orders received by| | | | |group 31.3 TER |8,719 |7,504 |+16.2% | Notes on the quarterly results:
The LPKF Group boosted turnover in the first three months by 17% to 8.141 million E to post the best first quarter turnover ever in the company's 30-year history.
The growth is primarily attributable to a strong increase in the laser segment which rose by 41.1%. In particular, business with 3D-MID laser systems was very satisfactory and generated a real contribution to earnings for the first time of 1,205 TE.
The successful trend in the Laser Plastic-Welding segment the previous year has continued, putting it ahead of target with a turnover of 842 TE. This division is also showing a clear move away from production services to the sale of systems.
While turnover in the Inspection/Special Systems segment was down year-on-year in the first three months, there was a clear increase in sales in the Rapid PCB Prototyping segment. Turnover here grew by 11% to 2,621 TE.
* Profits at 700 TE are down by around 240 TE on the same period the previous year. However, direct comparison between the first quarters in 2006 and 2005 are limited by two factors: the profit in Q1 2005 was raised by extraordinary income from the sale of stencil laser production in North America; and provisions for bonuses were set aside in the first quarter 2006. Adjusted for these special effects, profit in Q1 2006 actually rose by 166 TE.
Outlook 2006
Orders in hand and the current level of orders received indicate that the company will continue to develop positively in the ongoing financial year, and will benefit from the trends in the global electronics market towards miniaturisation, shorter product cycles and higher productivity.
The positive development in the Laser Plastic-Welding and 3D-MID segments is particularly satisfactory because the high level of investment in these segments in the past is now generating the expected rewards.
The management expects additional positive impulses to come during the course of the financial year from the market launch of new and higher quality products in coming months. The turnover target in the ongoing financial year is E 41 million, to rise to E 50 million by the end of 2007.
LPKF Laser & Electronics AG shares are quoted in the Prime Standard of the Frankfurt stock exchange (ISIN 0006450000).
end of announcement euro adhoc 12.05.2006 14:07:20
Further inquiry note:
Bettina Schäfer
Tel.: +49 (0)5131 7095 382
b.schaefer@lpkf.de
Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade