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  Disclosure announcement transmitted by euro adhoc.
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The Group generated the following results after nine months:
~
                        2004 (9 mon.)   2003 (9 mon.)     Change
Turnover KEUR             17,179          16,200          + 6.0%
EBIT KEUR                    676           1,129          -40.1%   
EBIT margin                 3.9%            7.0%
Result KEUR                  132             730          -81.9%    
EPS EUR                     0.01            0.07          -85.7%
Cash and cash 
equivalents KEUR           6,124           5,627          + 8.8%
Capital ratio              72.5%           72.2%
Orders received by AG 
per 16. Nov. KEUR         18,501          14,810          +24.9%
Orders in hand at AG 
per 16. Nov. KEUR          3,886           3,431          +13.3%
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Notes on the quarterly results:
LPKF’s turnover has grown in the first nine months of the financial
year despite the weak dollar. The growth in turnover is largely
attributable to the Laser segment that grew by approx. 10%. The new
and further developments in this segment, especially of the Laser
Drilling and Cutting Systems, had a positive impact on sales. This
year’s figures should be seen in the light of the two major orders
totalling EUR 2.7 million closed in the third quarter last year which
had a significant influence on the turnover and results in 2003. EBIT
per 30.09.04 was depressed in particular by the higher marketing and
distribution costs (EUR 0.6 million), the generally high development
costs for laser systems and ProtoMats (EUR 2.3 million) not
capitalisable according to the strict IFRS criteria, the weak dollar
(EUR 0.3 million), and the rise in the profit offsetting (EUR 0.3
million) by subsidiaries. 

Outlook:
The management is very confident that the positive development of
orders received and the increased marketing and distribution
activities for a product range customised to the needs of the market
will accelerate LPKF’s growth. The recently developed products for
PCB production will be presented at major trade fairs around the
world and will open up new markets. The main engine of growth is
considered to be Asia where turnover rose around 55% in the first
nine months of 2004. 
Management is forecasting a rise in turnover of approx. 10%
year-on-year for 2004. Based on the new product range the management
aims at a turnover of EUR 30 million in 2005 and a doubling of the
2004 turnover until 2007. 

New member of Managing Board of Directors:
Bernd Lange, who has been Business Development Manager at LPKF for a
long time now with responsibility for marketing, is appointed to the
Board of Managing Directors with immediate effect. His main
responsibilities will be for development and marketing.

LPKF Laser & Electronics AG Shares are quoted in the Prime Standard
at the Frankfurt Stock Exchange (ISIN 0006450000, WKN 645000).

LPKF Laser & Electronics AG
Osteriede 7
D-30827 Garbsen

Further inquiry note:
Ulrike Thoms-von Meding
LPKF Laser & Electronics AG
Tel.: +49(0)5131 7095 382
u.thomsvonmeding@lpkf.de

emitter:      LPKF Laser & Electronics AG
              Osteriede  7
              D-30827 Garbsen
phone:        +49(0)5131 7095 382
FAX:          +49(0)5131 7095 90
mail:         u.thomsvonmeding@lpkf.de
WWW:          ¿U1http://www.lpkf.de¿U0
ISIN:         DE0006450000
indexes:      Prime Standard, CDAX, Prime All Share, Technologie All
              Share
stockmarkets: regulated dealing: Frankfurter Wertpapierbörse, free
              trade: Berliner Wertpapierbörse, Hamburger
              Wertpapierbörse, Baden-Württembergische
              Wertpapierbörse, Börse Düsseldorf, Niedersächsische
              Börse zu Hannover, Bayerische Börse, Bremer
              Wertpapierbörse (BWB) 
sector:       Semiconductors & active components
language:     English