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3-month report
Garbsen (euro adhoc) - Miniaturization and ever shorter product cycles cause
many traditional production methods to be replaced by flexible laser
technologies. LPKF, the specialty mechanical engineering company, is benefiting
from this trend as the laser specialist's revenue, EBIT and order levels are up
year on year.
Garbsen, 15 May 2012 - LPKF Laser & Electronics AG today announced record
revenue of EUR 20.5 million for the first three months of 2012 (Q1 2011: EUR
14.3 million). Earnings before interest and taxes (EBIT) are growing in line
with expectations. The high-tech group generated EBIT of EUR 2.2 million in the
first quarter of 2012 (Q1 2011: EUR 2.0 million), which translates into an EBIT
margin of 11 percent (Q1 2011: 14 percent). The previous year's figure contained
extraordinary income in the amount of EUR 0.6 million resulting from the
measurement of inventories.
Orders on hand after the quarter just ended totaled EUR 28.8 million. This
corresponds to an increase of 14.3 percent over the end of 2011. At EUR 24.2
million, order intake after three months was at a high level.
"The capital expenditure made in 2011 is now bearing fruit," said Dr. Ingo
Bretthauer, Chief Executive Officer of LPKF Laser & Electronics AG. "All of our
segments are currently enjoying growth."
The positive performance in the first quarter of 2012 gives rise to continued
optimism for the future performance of LPKF. Traditionally, the first quarter is
the weakest quarter of the year. The guidance for the year as a whole that was
published at the end of March therefore continues to apply: If the global
economy remains stable, the LPKF Group wants to post revenue between EUR 100
million and EUR 105 million in 2012. The EBIT margin should be between 15
percent and 17 percent in 2012. Major orders not considered in current targets
could substantially boost the Company's performance. Given a stable economic
environment in both 2013 and 2014, the Management Board expects revenue to grow
by approximately 10 percent per year and the EBIT margin to remain between 15
percent and 17 percent.
LPKF's broad portfolio, which is tailored to the requirements of different niche
markets, is a key to the Company's success. LPKF products are used in in special
areas of the following markets: electronics, automotive, plastics processing,
LED light technology, medical technology and the production of solar cells. "The
number of applications is rising steadily, which makes us less dependent on
economic fluctuations experienced by individual industries," explained Dr. Ingo
Bretthauer.
The 2011 annual report and the report on the first quarter of 2012 are available
on the Internet 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 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