11/09/2009 16:17:39
EANS-Adhoc: LPKF raises forecast for 2009
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 09.11.2009 LPKF raises forecast for 2009 Company performance The LPKF Group has increased its earnings before interest and taxes (EBIT) to EUR 5.0 million (previous year: EUR 1.9 million) in the first nine months of 2009. Consolidated turnover rose around 10 % to EUR 34.7 million (previous year: EUR 31.6 million). Incoming orders at EUR 44.1 million was much higher than the previous year´s level of EUR 32.6 million, and orders in hand rose to EUR 19.8 million (previous year: EUR 8.0 million). Following on from a good first half, the LPKF Group boosted earnings even further in the third quarter. Compared to the same period the previous year, turnover in the third quarter rose by 2 % to EUR 12.2 million, and EBIT rose from EUR 1.4 million to EUR 2.2 million. Performance was positively influenced by the changed product mix and cost savings. Business overall in the first nine months was better than forecast. Growth came from the Cutting & Structuring Lasers segment, where the structuring lasers for the production of molded interconnect devices (MIDs) using the patented LPKF LDS method were particularly in demand. Turnovers in other segments were either down or unchanged because of the current economic situation. The Rapid Prototyping and Joining Technologies segments though enjoyed an upswing in incoming orders again in the third quarter. Outlook for 2009 and 2010 In the light of the extraordinarily good development in business in the first nine months, the Board of Managing Directors has raised the target for the whole of 2009, and now expects an annual turnover of at least EUR 47 million, with a double-figure EBIT margin. For the year 2010 the Board of Managing Directors expects turnover to grow by a double figure percentage, and again expects to generate a double-figure EBIT margin. However, forecasting the development in 2010 is subject to the further development of the economy. The LPKF Group Q3 report will be published on 10 November 2009. LPKF Laser & Electronics AG shares are quoted in the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000). Further inquiry note: LPKF Laser & Electronics AG Bettina Schäfer, Investor Relations Tel: (05131) 7095-382 issuer: LPKF Laser & Electronics AG Osteriede 7 D-30827 Garbsen phone: +49(0)5131 7095 382 FAX: +49(0)5131 7095 90 mail: investorrelations@lpkf.de WWW: ¿U1http://www.lpkf.de¿U0 sector: Semiconductors & active components ISIN: DE0006450000 indexes: CDAX, Prime All Share, Technologie All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English