WE ENABLE

INNOVATION

ANNUAL REPORT 2020

AT A GLANCE

LPKF LASER & ELECTRONICS AG

CONSOLIDATED REVENUE AS OF 31 DECEMBER 2020 in EUR million

Revenue

Revenue by region Germany

Rest of Europe North America Asia

Other

Revenue by segment Development Electronics Welding Solar

2016

2017

2018

2019

2020

91.1

102.1

120.0

140.0

96.2

12.9

10.4

12.8

9.7

8.6

16.5

20.5

31.9

29.2

12.2

17.7

23.0

24.7

37.5

19.0

42.3

45.7

49.1

60.8

55.5

1.7

2.5

1.5

2.8

0.9

22.6

24.4

24.3

24.5

22.5

30.6

31.7

34.6

43.7

31.7

24.0

25.4

22.2

27.7

17.7

13.9

20.6

38.9

44.1

24.3

CONSOLIDATED FINANCIAL KEY FIGURES AS OF 31 DECEMBER 2020

in EUR million

EBIT

EBIT-Marge (in %)

Consolidated net profit after non-controlling interest

Diluted EPS (in EUR)

Dividend per share* (in EUR)

ROCE (in %)

Equity ratio (in %)

Investment in property, plant and equipment and intangible net assets

Free cash flow

Orders on hand Incoming orders Employees** (Number)

* **

2020: Annual General Meeting recommendation not including trainees and marginal employees

2016

2017

2018

2019

2020

−6.8

4.0

6.8

19.2

7.5

−7.4

3.9

5.7

13.7

7.8

−8.8

1.2

8.0

13.1

5.3

−0.40

0.05

0.33

0.54

0.22

0.0

0.0

0.0

0.10

0.10

−6.9

4.1

7.0

25.5

9.0

46.5

46.5

60.4

71.0

76.4

7.5

6.8

5.7

5.8

10.2

−1.8

3.3

5.8

42.2

−5.5

27.8

38.8

58.4

32.3

38.3

105.7

113.2

139.8

114.0

102.2

700

683

655

682

689

LPKFATAGLANCE

CONTENTS

COMPANY

  • 02 Letter to Shareholders

    0218

  • 08 Supervisory Board Report

  • 12 Segment Overview

    The LPKF Share

  • 22 Corporate Governance

COMBINED MANAGEMENT REPORT

Basic Information on the Group

Economic report

Supplementary Report

3056

Report on Opportunities

Risk Report

63

Report on expected developments

66

Corporate Governance declaration

66

Takeover information

68

Compensation report

73

Final declaration of the board of directors

32 42 54 54

CONSOLIDATED AND ANNUAL FINANCIAL STATEMENTS

Consolidated statement of comprehensive income

Comsolidated statement of financial position

7480

Consolidated statement of cash flows

Consolidated statement of changes in equity

84

Notes to the consolidated financial statements

127

Responsibility statement (Balance sheet oath)

128

Independent Auditor's Report

135

Extract from the individual financial statements

75 76 78

SERVICE 138138 Glossar

Financial calendar

Contact & Publishing Information

COVER PICTURE

Our cover picture shows the inner workings of an LPKF Allegro system for structuring thin- film solar modules. Our solar systems make a valuable contribution to climate protection by increasing the efficiency of solar energy.

COMPANY PROFILE

THE LPKF GROUP

ELECTRONICS

Solutions for mass producing assembled and non-assembled printed circuit boards.

LPKF is a leading supplier of laser-based solutions for the technology industry. Our laser systems are vital in the manufacture of printed circuit boards, microchips, au- tomotive parts, solar panels and many other components. The LPKF Glass Foundry additionally supplies customers from various industries with high-precision glass components.

WELDING

Solutions for welding plastics in mass production.

SOLAR

Solutions for thin-film photovoltaic module production and digital printing of ceramic inks via Laser Transfer Printing.

DEVELOPMENT

Solutions for PCB prototyping and micromaterial processing.

REVENUE AND EBIT in EUR million

Our machines allow our customers to manufacture smaller and higher-precision com- ponents. At the same time, the functionality of the components can be increased and new design options used. This creates products at the cutting edge of technology, both for the industry and for consumers.

Energy-efficient and intelligent solutions from LPKF make an active contribution to climate and environmental protection. We help our customers become more resource efficient, reduce hazardous materials and waste, and save energy.

Our employees are laser technology experts and know how to integrate lasers as a tool into powerful machines. This gives us considerable influence over progress in a range of high-tech sectors. The result is more powerful, smaller and more energy efficient products along with improvements in mobility, connectivity, electricity gen-eration and digital entertainment.

LPKF has 45 years of experience as a technology and innovation leader and will continue to maximize the full potential of laser technology in the digital world.

LPKF Laser & Electronics AG is headquartered in Garbsen near Hanover, Germany. We have a broad presence, with locations in Europe, Asia and North America and a total of 689 employees. Our global service network ensures our machines are ready for our customers around the clock.

The shares of LPKF Laser & Electronics AG are listed in the SDAX and the TecDAX of the German Stock Exchange.

150

140.0

120

RevenueEBIT

129.7

119.7

120.0

115.1

102.1

96.2

91.1

90

60

30

15.2

91.1

87.3

20.4

23.2

19.0

12.7

6.8

7.5

4.0

−3.7

−6.8

0

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

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LPKF - Laser & Electronics AG published this content on 24 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2021 11:42:02 UTC.