10/28/2016 12:33:23
LPKF's earnings for 2016 impacted by non-recurring effects
LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Miscellaneous 28.10.2016 12:33 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- LPKF's earnings for 2016 impacted by non-recurring effects Garbsen, October 28, 2016 - LPKF has decided to recognize extraordinary write-downs in its risk provisioning in order to reflect the continued weakness of the LDS business in particular. This will impact earnings (EBIT) in the amount of EUR 6 - 6.5 million in 2016. The write-downs relate to inventories and capitalized development costs. Liquidity will be unaffected. The Management Board had previously forecasted revenue of EUR 90-110 million and an EBIT margin of between -3% and +6% for the 2016 financial year assuming stable global economic development. Excluding these non- recurring effects the Management Board currently expects revenue and the EBIT margin to be at the lower end of the previous guidance. The comprehensive figures for the third quarter will be published on November 14, 2016. LPKF Laser & Electronics AG's shares are listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000). Information on key financial indicators can be found on page 49 of LPKF Laser & Electronics AG's Annual Report 2015. Forward-looking statements This ad hoc disclosure 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 results, financial position, development, or performance of the company and the estimates provided here. 28.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------