LPKF Laser & Electronics AG  / Key word(s): Change in Forecast/Profit Warning

08.07.2015 07:45

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Garbsen, 8 July 2015 - LPKF Laser & Electronics AG today announced that it
has downgraded its revenue and earnings forecast for the current financial
year. Due to the fact that the order intake in the LDS business has been
significantly lower than expected - a situation that continued in the
second quarter of 2015 - the company now considers itself unable to reach
the originally forecast revenue and earnings targets. For 2015, LPKF now
anticipates revenue in the range of EUR 90 million to EUR 110 million
(previously: EUR 128 million to EUR 136 million). The company needs revenue
of just under EUR 100 million to break even.

The currently weak business with laser direct structuring (LDS) systems
stems from surplus capacity at antenna manufacturers that arose as a
consequence of the strong sales of LDS systems in the years 2010 to 2013.
LPKF nevertheless believes that the demand for new LDS systems will pick up
again in the medium term. The company expects that entirely new antenna
technologies (such as MIMO, additional bandwidths) and applications outside
of smartphone antennas will provide new momentum.

Apart from LDS, LPKF's other product groups are, on the whole, developing
in line with expectations. Despite the current weakness of the LDS
business, the Management Board anticipates profitable growth again in the
coming years. All trends in electronics production point toward increased
use of high-precision laser technology. 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 shares of LPKF Laser & Electronics AG are listed on the TecDAX index of
the Frankfurt Stock Exchange (ISIN 0006450000).

Forward looking Statements

This ad-hoc release contains certain forward-looking statements based on
current assumptions and forecasts made by the management of LPKF Laser &
Electronics AG. Various known and unknown risks, uncertainties and other
factors could lead to material differences between the actual future
results, financial position, development or performance of the company and
the estimates given here.


08.07.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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