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quarterly report/Record Order Intake
Garbsen (euro adhoc) - LPKF reports record order intake
Nine-month revenue at the previous year´s high level
EBIT margin for the first nine months climbs to 15%
Company looks to the fourth quarter and 2012 with confidence thanks to
record order levels
Garbsen, 11 November 2011 - LPKF, the specialty mechanical engi-neering company,
today announced revenue of EUR 60.8 million for the first nine months of 2011,
which is on a par with the previous year´s high level (EUR 60.9 million).
Earnings before interest and taxes (EBIT) for the first nine months were EUR 9.2
million, down from EUR 14.9 million in 2010, as expected.
At EUR 23.1 million, third-quarter revenue was just under the prior-year revenue
of EUR 24.4 million, in line with expectations. The EBIT margin improved from
14% in the first six months to 17% in the third quarter 2011.
High order intake
Demand for laser systems remains strong. The order intake of the LPKF Group rose
by 22% to EUR 78.7 million during the first nine months of the year. Demand is
particularly strong in the LDS Production Equipment, Welding Equipment and Solar
Module Equipment product groups. Order levels for the first nine months are EUR
30.5 million.
Year-to-date activities have focused on expanding capacities given the strong
demand for LPKF´s products. LPKF has increased the number of its employees from
466 to 572 since the start of the year. The invest-ments in buildings have been
largely completed by now.
"We are very satisfied with our performance in the third quarter. The EBIT
margin of 17% shows the Group´s strong earning power. The record order intake
underscores that our technologies offer great future potential. All of this
enables us to look to the year´s final quarter and 2012 with confidence," says
the Chairman of LPKF´s Management Board, Dr. Ingo Bretthauer.
Forecast confirmed despite heightened economic risks
The sovereign debt crisis has triggered distortions in the financial mar-kets;
their effects on the economy cannot be predicted at this time. All market
participants´ growing uncertainty increases the economic risks to our business
activities.
LPKF is confirming its earlier forecast for the current financial year giv-en
its strong performance in the year´s first nine months and order levels that
remain good. The Management Board expects revenue of between EUR 83 million and
EUR 86 million, with an EBIT margin of between 15% and 17%. The Management
Board expects a stable economic environment in both 2012 and 2013, with revenue
growth of more than 10% per year and a slight increase in the EBIT margin.
The current quarterly financial report including the key financial figures is
available online at www.lpkf.de.
About LPKF
LPKF Laser & Electronics AG specializes in the production of laser systems for
micro-material processing, a field in which it is the world leader in several
sectors. Founded in 1976, the Group has its headquarters in Garbsen near
Hannover in Germany, and does business around the world together with its
subsidiaries and representatives. LPKF has around 570 employees globally. The
shares in LPKF Laser & Electronics AG are traded on the Prime Standard of the
Frankfurt Stock Exchange (ISIN 0006450000).
Further inquiry note:
LPKF Laser & Electronics AG
Bettina Schäfer, Investor Relations Manager (CIRO)
Tel: (05131) 7095-1382
end of announcement euro adhoc
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company: LPKF Laser & Electronics AG
Osteriede 7
D-30827 Garbsen
phone: +49(0)5131 7095 1382
FAX: +49(0)5131 7095 90
mail: investorrelations@lpkf.com
WWW: http://www.lpkf.de
sector: Semiconductors & active components
ISIN: DE0006450000
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English