08/13/2014 08:00:11
LPKF confirms full-year guidance
DGAP-News: LPKF Laser & Electronics AG / Key word(s): Half Year
Results
13.08.2014 / 08:00
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Garbsen, 13 August 2014 - Specialist mechanical engineering company LPKF
today announced record figures for both incoming orders and orders on hand
in the first six months of the current year. In contrast, revenue and
earnings remain down on previous year's figures. Revenue in the first six
months of the year was EUR 45.6 million, falling 35% short of the unusually
high prior-year figure (EUR 69.9 million). At EUR 1.6 million, earnings
before interest and taxes (EBIT) were also lower than the previ-ous year's
figure of EUR 15.0 million. The EBIT margin was 3.5%.
The volume of incoming orders, however, continued to increase in the second
quarter, reaching EUR 79.7 million after six months. This represents an
increase of 41% year on year and a book-to-bill ratio of 1.7. Against this
backdrop, the Management Board once again confirms its full-year guidance
for the LPKF Group: the Management Board expects the Group to generate
revenue of EUR 132 million to EUR 140 million for 2014, assuming stable
performance by the global economy. The EBIT margin should be between 15%
and 17% in 2014.
"In contrast to the previous year, in 2014 it was only during the first
half-year that we received significant orders which are necessary to reach
our targets. This naturally makes it much more of a challenge to meet our
own revenue and earnings targets by the end of the year. However, given the
high volume of incoming orders, this should still be possible," said Dr.
Ingo Bretthauer, CEO of LPKF AG.
Orders on hand in the entire Group rose by just under 150% in the first six
months, reaching a new record high of EUR 51.8 million. Business with laser
direct structuring (LDS) and solar cell structuring systems has been
particularly strong in the first half-year.
After prevailing in the lawsuit against smartphone manufacturer Motorola
for infringement of the LDS patent, LPKF feels that its position in the
fight to defend its intellectual property rights has been strengthened.
LPKF expects this outcome to have a positive effect on its business with
LDS systems in the medium term.
Given a stable economic environment in both 2015 and 2016, the Management
Board expects revenue to grow by an average of approximately 10% per year
and the EBIT margin to come in between 15% and 17%.
The full half-yearly financial report is available in German at
http://www.lpkf.de/investor-relations/news-publikationen/finanzberichte/in
dex.htm and in English at
http://www.lpkf.com/investor-relations/financial-reports/index.htm
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Language: English
Company: LPKF Laser & Electronics AG
Osteriede 7
30827 Garbsen
Germany
Phone: +49 (0) 5131 7095-0
Fax: +49 (0) 5131 7095-95
E-mail: investorrelations@lpkf.com
Internet: www.lpkf.com
ISIN: DE0006450000
WKN: 645000
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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