euro adhoc: LPKF Laser & Electronics AG
quarterly or semiannual financial
statement
LPKF raises turnover target for 2005 to EUR 33 million
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
21.11.2005
The Group generated the following results in the first nine months:
2005 (9 mon.) 2004 (9 mon.) Change Turnover TEUR 25,168 17,179 + 46.5% Profit TEUR 2,282 111 + 1,955.9% Net margin 9.1% 0.6% EBIT TEUR 4,492 655 + 585.8% EBIT margin 17.8% 3.8% EPS EUR 0.21 0.01 Cash and cash equivalents TEUR 8,159 6,124 + 33.2% Capital ratio 69.2% 72.5% Orders in hand of AG as at 30.9. TEUR 3,921 3,079 + 27.3% Current orders AG on 21.11. 5,749 3,671 + 56.6% Orders received by AG on 30.9. TEUR 20,408 15,209 + 34.2%
Notes on the third quarter results:
After the first nine months, LPKF Laser & Electronics AG boasts a strong growth in turnover of 46.5% and an even better rise in profits. This enabled the company to post the highest turnover in its almost 30 year history. The good development is attributable to the continuing sales successes in Asia. The engines of growth in the third quarter continue to be laser systems which show an impressive year-on-year growth of 51.2%. Turnover is developing positively in the Rapid PCB Prototyping segment, which also continues to have room for further growth generated by new products. The turnover of inspection systems (segment special systems) had the highest growth rate. Among other things these systems have opened up a new market for 3D-inspection systems for the chip-packaging industry with considerable growth potential for LPKF.
Outlook 2005:
The results in the first nine months and the much higher level of orders in hand compared to the same period last year clearly highlight the sustainability of LPKFs growth. The Board of Managing Directors has therefore raised its turnover forecast for the ongoing financial year by 10% to EUR 33 million, and confirms the planning figures issued last year of EUR 50 million for 2007. The Board of Managing Directors forecasts a turnover of EUR 41 million in 2006. The corporate strategy continues to be focussed on cutting and drilling lasers, and the inspection systems. Establishment of a subsidiary in Hong Kong, LPKF Laser & Electronics (ASIA), has now been successfully completed and will start operations at the beginning of 2006.
LPKF Laser & Electronics AG shares are quoted in the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000).
end of announcement euro adhoc 22.11.2005 08:00:00
Further inquiry note:
Bettina Schäfer
Tel.: +49 (0)5131 7095 382
b.schaefer@lpkf.de
Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
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