DGAP-News: LPKF Laser & Electronics Aktiengesellschaft / Key word(s):
Half Year Results/Quarter Results

2015-08-12 / 08:02

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- Taken together, all other product groups are developing in line with
expectations
- Development of new technologies is being pursued with great intensity

Garbsen, 12 August 2015 - Garbsen-based laser specialist LPKF today
announced that the persistent weakness of its LDS business put a strain on
its performance in the first half of the year. At EUR 42.4 million,
consolidated revenue for the first six months was down 7% from the previous
year's level. Due to lower revenue figures, a shift in the product mix and
a slight rise in costs, EBIT was negative in the first half-year, amounting
to EUR -3.2 million. Incoming orders were down significantly from the
prior-year period due mainly to weak order intake in the LDS business and a
major solar contract posted in the previous year.

Revenue in the Electronics Development Equipment and Other Production
Equipment segments developed favorably. Recording revenue growth of 5.1%,
the business with rapid prototyping systems continued its positive trend of
previous years. Together, the Solar and Welding Equipment product groups
were able to boost revenue in the Other Production Equipment segment by
25%.

LPKF is working flat out on developing completely new technologies and
expects these products to start contributing to revenue from 2016. Demand
for LDS systems is also expected to pick up again in the medium term. LPKF
believes that a key factor in this context will be entirely new antenna
technologies such as MIMO (Multiple Input Multiple Output), which comprises
multiple very fine antenna structures capable of transmitting greater
amounts of data at considerably faster rates.

The Company's CEO, Dr. Ingo Bretthauer, therefore sees good reason to be
optimistic about the future: "Our markets and our business model are
intact. Our main growth driver, the miniaturization of electronic
components, is in full swing and requires lasers with greater precision
than ever before."

Maintaining profitability and returning to our growth path are now the
Management Board's most important objectives. Therefore, internally all
signs are currently pointing towards saving, streamlining and focusing on
core activities. Numerous initiatives are already underway that will lower
costs in 2015 and reduce the break-even point to below EUR 100 million in
revenue. According to the new guidance published in early July, LPKF aims
to generate revenue of EUR 90 to 110 million in 2015.

Despite the current weakness of the LDS business, the Management Board
anticipates profitable growth again in the coming years. The forecast for
2016 and subsequent years is being reviewed at present and will be
published on November 11 together with the quarterly financial report.
The full half yearly report is available in German at
www.lpkf.de/investor-relations/news-publikationen/finanzberichte/index.htm
and in English at
www.lpkf.com/investor-relations/financial-reports/index.htm.

About LPKF
LPKF Laser & Electronics AG specializes in the production of laser systems
for micro material processing and 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 through subsidiaries and
representatives. LPKF has 784 employees. The shares in LPKF Laser &
Electronics AG are traded on the TecDAX index of the Frankfurt Stock
Exchange (ISIN 0006450000).



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Language:    English                                                    
Company:     LPKF Laser & Electronics Aktiengesellschaft                
             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:      Regulated Market in Frankfurt (Prime Standard); Regulated  
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
             Stuttgart                                                  
 
 
End of News    DGAP News-Service  
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385667 2015-08-12