LPKF Laser & Electronics AG

euro adhoc: LPKF Laser & Electronics AG
Quarterly or Semiannual Financial Statements
LPKF Laser & Electronics AG - figures 3rd quarter (E)

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LPKF Laser & Electronics AG generated the following result after the
first nine months:
~
                                 2002 (9 months)    2001 (9 months)    Change in %

Consolidated sales    KEUR 18,266          KEUR 16,278          12.2%
Return on sales         4.5%                      5.0%
EBIT                          KEUR 1,623            KEUR 1,685            -2.2%
EBIT margin                8.9%                      10.4%
EPS (diluted)            EUR 0.08                EUR 0.07
Cash and cash            KEUR 4,768            KEUR 1,101            333%
equivalents
~
The current orders in hand of LPKF Laser & Electronics AG is EUR 5.8
million (EUR 1.0 million), up 480% year-on-year.
~
                                 2002 (Q3)              2001 (Q3)              Change in %

Consolidated sales    KEUR 5,396            KEUR 4,483            20.4%
EBIT                          KEUR -61                KEUR -101              39.6%
EPS (diluted)            EUR -0.02              EUR -0.01
~
Notes on the 9 months/Q3 results
The positive 9 months result is attributable to the successful sales
of laser cutting and drilling systems. There is still no revival in
demand in the Rapid Prototyping and Stencils segments, and the
figures here are still down on the previous year.
The third quarter is seasonally the period with the weakest sales and
led to a negative result in 2002. This is solely attributable to a
strong decline in turnover in the USA.

Revised outlook for 2002 Although customers continue to delay their investment decisions, there is still an unbroken interest in LPKF products as reflected in the high level of orders in hand. In the MicroLine Laser segment alone, orders on hand total around EUR 3 million - most of these orders will be delivered in 2003. Despite a very good start to the fourth quarter, the cautious investment approach and the delay in the recovery of the electronics market mean that the sales and profits targets for the 2002 financial year will not be achieved. It now appears that sales of approx. EUR 25 million can be achieved. We are confident of generating a good result in 2002 with figures clearly in the black. Our target  is still to pay the shareholders a dividend.

Outlook 2003 In the 2003 financial year, LPKF Laser & Electronics AG intends to market new significant product innovations responding directly to the continued weakness of the electronics and printed circuit board markets. The US-business will be strengthened by introducing new strategies.

Events after the reporting date After completing the third quarter, LPKF Laser & Electronics AG exercised its option of increasing its stake in Laserquipment AG from 19.99% to 51%. Personnel has been reduced at the Belgian branch LPKF Franklin N.V. in response to the weak turnover.

More information is available at www.lpkf.de. ~


end of announcement            euro adhoc 22.11.2002
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Further inquiry note: Ulrike Thoms-von Meding Tel.: +49(0)5131 7095 382 u.thomsvonmeding@lpkf.de

Branche: Semiconductors & active components
ISIN:      DE0006450000
WKN:        645000
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Hamburger Wertpapierbörse / free trade
              Niedersächsische Börse zu Hannover / free trade
              Frankfurter Wertpapierbörse / Neuer Markt



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