EANS-News: LPKF promoted to the TecDAX - Laser specialist now at the focus of
investor attention
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information/TecDAX
Garbsen (euro adhoc) - Garbsen, 6 September 2012 - Deutsche Börse, the manager
of the German stock exchange, has admitted LPKF Laser & Electronics AG to the
TecDAX, the index comprising the 30 leading German technology stocks. LPKF, a
special mechanical engineering company, is the world market leader for laser
systems used, amongst other things, in the development and production of
electronic devices. The company has been listed on the stock exchange since
1998.
Managing Board Chairman Dr. Ingo Bretthauer anticipates that the admission to
the TecDAX will raise the company's public profile: "Gaining greater exposure as
a second-tier stock and B2B supplier requires a considerable effort. Having been
promoted to the TecDAX provides us with the opportunity to be considered also by
those investors who predominantly pick index-listed stocks."
The strong image of a listed German corporation is beneficial for the company
particularly in its international markets where the majority of its customers
are based. Says Chief Financial Officer Kai Bentz: "The stringent transparency
requirements stipulated by the stock exchange are quite a challenge for a
medium-sized company. But we acknowledge that the strict reporting discipline
also has particular benefits for the management of our internal processes - this
kind of transparency clearly works both ways."
Having experienced strong growth in recent years, LPKF continued to boost its
sales and earnings also during the first six months of the current financial
year. Assuming a stable trend in the world economy, the Managing Board expects
the LPKF Group to report 2012 sales of between EUR 100 and 105 million, with the
2012 EBIT margin coming in between 15 and 17 percent. Since the start of the
year the share price has risen by 40 percent from EUR 10.00 to its current level
of EUR 13.98, taking the company's market capitalisation to EUR 156 million.
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 617 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: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English