euro adhoc: LPKF Laser & Electronics AG
quarterly or semiannual financial
statement
LPKF: Good growth in sales continues
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
20.11.2006
AD HOC ANNOUCEMENT PURSUANT TO Section15 WPHG
LPKF: Good growth in sales continues
The Group generated the following performance in the first nine months:
2006 (9 months) 2005 (9 months) Change Turnover TEUR 27,417 25,168 +8.9% Profit TEUR 2,245 2,282 -1.6% Net margin 8.2% 9.1% EBIT TEUR 4,210 4,492 -6.3% EBIT margin 15.4% 17.8% EPS EUR 0,21 0.21 Cash and cash equivalents TEUR 4,494 8,159 -44.9% Capital ratio 67.0% 69.2% Orders in hand of group 30.9. TEUR 7,555 5,786 +30.6% Orders received by group 30.9. TEUR 27,519 26,844 +2.5%
Notes on the quarterly results: LPKF Laser & Electronics AG boasts an increase in turnover of 9% in the first nine months. Significantly, above average growth was posted by the Laser Systems segment where turnover expanded by 20% to EUR 16. 4 million. The Laser Plastic-Welding business and the sale of 3D MID systems in particular have developed very positively within this segment. In the StencilLaser segment, customers ordered fewer of the older models in the run up to the launch of the new high performance standard systems. The many orders received for the new system will significantly boost turnover in the fourth quarter in this pivotal product segment. The sales of inspection systems at EUR 2.0 million are below target. LPKF has begun to expand the marketing and customer base for this segment to broaden the base of the business. Good performance was achieved in the Rapid PCB Prototyping segment with an almost completely renewed product line. Turnover grew by 16% to EUR 8.0 million. EBIT was influenced by special effects which have already been published. Adjusted for these special effects, EBIT would have risen by around 3.5%. The refund of interest on tax payments in Q3 2006 boosted the financial performance by EUR 0.2 million.
Outlook Orders received of TEUR 7.555 create a good platform for a strong fourth quarter. A consolidated turnover of EUR 41 million is therefore forecast for the whole of the 2006 financial year. The Board of Managing Directors expects the main boost in growth in 2007 to come from the 3D MID, the Laser Plastic-Welding segment and from the Rapid PCB Prototyping. However, the growth rate for 2007 is expected to be in the area of 10% rather than 20%, which would correspond to a turnover forecast of EUR 45 million. The management is currently engaged in negotiations with a number of important clients for 3D MID systems. The outcome of these negotiations could lead to a significant increase of the above-mentioned forecast for the year 2007. LPKF Laser & Electronics AG shares are quoted in the Prime Standard of the Frankfurt stock exchange (ISIN 0006450000).
end of announcement euro adhoc 21.11.2006 09:27:47
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