LPKF Laser & Electronics AG

EANS-News: LPKF raises the bar higher

Boom in orders in first half – German laser specialist raises turnover and earnings target for 2010 again

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quarterly report/Half-year financial report 2010

Subtitle: Boom in orders in first half – German laser specialist raises turnover and earnings target for 2010 again

Garbsen (euro adhoc) - Garbsen, 13 August 2010 - LPKF Laser & Electronics AG has boosted  its  turnover in the first six months of the ongoing financial year to  EUR 37  million.  This corresponds to a rise of 63 % compared to the  first  half  in  2009.  Quarterly earnings before interest and tax exceeded  the  expectations  at   EUR 8 million, and an EBIT margin of 23 %. The company generated a turnover of EUR  19  million in the second quarter alone, generating an EBIT of EUR 4 million

Chairman of the Board of Managing Directors Dr.  Ingo  Bretthauer   assesses  the development in the first half of the year as revealing a significant  broadening of the foundations for growth. "LPKF is enjoying a growth  trend  which  is  now being boosted by the dawning recovery of the overall economy. The LPKF Group  is profiting in all of its  segments  from  the  increasing  demand  for  high-tech production solutions."

Against the background of the stabilization of the overall economic   conditions, and the continuing excellent level of orders, the Board   of  Managing  Directors has raised the turnover forecast for the ongoing financial year to  at  least EUR 68 million, and set the target EBIT margin higher, to at least 17 %.

Cutting & Structuring Lasers made the biggest contribution to the expansion in business with a year-on-year growth of 142 %, primarily due to the strong business with laser direct structuring systems (LDS). The systems delivered to date have proven effective under real production conditions, to the extent that LDS technology has now established a leading position in the production of smartphone antennae. There is also growing demand for the LDS method for the production of laptop antennae and sensoric components in the automotive sector.

At the beginning of June, LPKF reported a major order totaling nearly EUR 6 million for laser systems for depanelling printed circuit boards. Laser depanelling systems open up new options for  PCB manufacturers. This is seen by the LPKF Group as a business with very promising growth potential.

The other segments also enjoyed a positive development in business   activity  in the first half. Positive signals are also increasingly coming from the  business with laser systems for scribing thin-film solar panels.  In  the  light  of  the current recovery, the  Board   of  Managing  Directors  considers  the  Thin-film Technologies Segment to have good medium term growth opportunities in a  dynamic market.

The high capacity  utilization  in  Garbsen  in  particular,  and   the  expected growth, has to be matched by investment, especially in development, service  and production. Money will also be invested this year and next in new buildings  and rebuilding measures at the Garbsen site.

LPKF Laser & Electronics AG  is  a  leading  international  group  of companies specialized in laser systems for micro-material   processing.  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 430 employees around the world,  of  which  200  are  in  Garbsen.   The shares in LPKF Laser & Electronics AG are traded on the Prime   Standard  of  the Frankfurt Stock Exchange (ISIN 0006450000).

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ots Originaltext: LPKF Laser & Electronics AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
LPKF Laser & Electronics AG
Bettina Schäfer, Investor Relations
Tel: (05131) 7095-382

Branche: Semiconductors & active components
ISIN:      DE0006450000
WKN:        645000
Index:    CDAX, Prime All Share, Technology All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              Hannover / free trade
              München / free trade



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