LPKF Laser & Electronics AG

EANS-Adhoc: LPKF raises forecast for 2009

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9-month report


LPKF raises forecast for 2009

Company performance

The LPKF Group has increased its earnings before interest and taxes (EBIT) to EUR 5.0 million (previous year: EUR 1.9 million) in the first  nine  months  of 2009. Consolidated turnover rose around 10 % to EUR 34.7 million (previous year: EUR  31.6 million). Incoming orders at EUR 44.1 million was much higher  than the  previous year´s level of EUR 32.6 million,  and  orders  in  hand  rose  to   EUR 19.8 million (previous year: EUR 8.0 million).

Following on from a good first  half,  the  LPKF  Group  boosted   earnings  even further in the third quarter. Compared to the same   period  the  previous  year, turnover in the third quarter rose by 2 % to EUR 12.2 million, and EBIT rose from EUR 1.4 million to EUR 2.2 million. Performance was  positively  influenced  by  the changed product mix and cost savings.

Business overall in the first nine months was better than forecast. Growth  came from the Cutting & Structuring Lasers segment, where the structuring lasers  for the production of molded interconnect devices (MIDs)  using  the  patented  LPKF LDS method were particularly in demand. Turnovers in other segments were  either down  or  unchanged because  of  the  current  economic  situation.  The  Rapid Prototyping and Joining Technologies  segments  though  enjoyed  an   upswing  in incoming orders again in the third quarter.

Outlook for 2009 and 2010

In the light of the extraordinarily good development in business  in the  first nine months, the Board of Managing Directors  has  raised the  target  for  the whole of 2009, and now expects an annual turnover of  at  least  EUR  47 million, with a double-figure EBIT margin.

For the year 2010 the Board of Managing Directors expects turnover to grow by  a double figure percentage, and again expects to  generate   a  double-figure  EBIT margin. However, forecasting the development in 2010 is subject to  the  further development of the economy.

The LPKF Group Q3 report will be published on 10 November 2009.

LPKF Laser & Electronics AG shares are quoted  in  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, Technologie 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

Weitere Meldungen: LPKF Laser & Electronics AG

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