DGAP-Ad-hoc: LPKF Laser & Electronics Aktiengesellschaft / Key word(s): 9 Month figures/Preliminary Results
LPKF: Third quarter 2019 stronger than expected
28-Oct-2019 / 17:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Garbsen, 28 October 2019 - According to preliminary figures, LPKF Laser & Electronics AG generated revenue of EUR 35 million in the third quarter of 2019, an increase of 19% over the prior year period (Q3 2018: EUR 29.3 million) and 6% above the upper end of the company's own revenue expectations for the third quarter (EUR 28 to 33 million). After nine months, consolidated revenue reached EUR 108 million, up 23% on the previous year's figure of EUR 87.7 million.
The high revenue leads to preliminary earnings before interest and taxes (EBIT) of EUR 4.9 mil-lion for the third quarter of 2019, which is well above the previous year's figure of EUR 2.7 million. The company now expects an EBIT margin of approx. 14 % for the third quarter (previously: between 8 and 12 %).
For the 2019 financial year, the Management Board anticipates a consolidated revenue of between EUR 135 million and EUR 140 million and an EBIT margin of between 12% and 14%, with the global economy remaining stable. This corresponds to a ROCE of between 20% and 25%. In subsequent years, LPKF intends to further increase profitability and generate an EBIT margin of more than 14%.
The complete quarterly financial report with final revenue and profit figures will be published on 11 November 2019.
LPKF Laser & Electronics AG shares are listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000).
Explanation of key figures
EBIT: Earnings before interest and taxes
EBIT margin: Earnings before interest and taxes / sales x 100
ROCE: Earnings before interest and taxes / Intangible assets + Property, plant and equipment + Inventories + Trade receivables - Advance payments received
Contact:
Bettina Schäfer, Department Manager Group Communication & Investor Relations
28-Oct-2019 CET/CEST 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
LPKF Laser & Electronics SE, formerly known as LPKF Laser & Electronics AG, is a Germany-based company, which operates as a supplier of laser-based solutions for the technology industry. Its products are used in the manufacture of printed circuit boards, microchips, automotive parts, solar panels and many other components. The Company has four operating segments: development, electronics, welding, and solar. The development segment develops systems for printed circuit board development and research and systems for biotechnology. The electronics segment develops systems for electronic production and the manufacture of glass components. The welding segment develops systems for plastic welding and the solar segment develops systems to produce solar cells and for laser transfer printing.