24.03.2014
LPKF Laser & Electronics AG DE0006450000
DGAP-News: LPKF boosts revenue and earnings
DGAP-News: LPKF Laser & Electronics AG / Key word(s): Final
Results/Dividend
LPKF boosts revenue and earnings
24.03.2014 / 08:00
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LPKF announces figures for the 2013 financial year
LPKF boosts revenue and earnings
Garbsen, 24 March 2014 - Specialist mechanical engineering company LPKF
looks back at a highly successful 2013. The Lower-Saxony-based Group
boosted revenue year on year by 13%, from EUR 115.1 million to EUR 129.7
million. At EUR 23.2 million, earnings before interest and taxes (EBIT)
were also higher than the previous year's figure of EUR 20.4 million. This
represents an increase of 14%.
The EBIT margin was 17.9%, thus remaining at a very high level for the
industry. This means that the LPKF Group fully met its targets for 2013,
both in terms of revenue and EBIT.
Growth in 2013 was mainly driven by the very strong business with systems
for laser direct structuring (LDS). South Korea played an important role in
this context. Demand in South Korea increased sharply in 2013 following the
recent decision made by major electronics firms in that country to deploy
LDS technology. "Almost all of the leading smartphone manufacturers
worldwide now use LDS technology made in Lower Saxony," said Dr. Ingo
Bretthauer, Chief Executive Officer of LPKF. Rapid prototyping and plastic
welding also performed well and contributed to revenue growth.
Revenue in the solar business declined in 2013 - as expected - because a
major order placed in 2011 was completed according to schedule. A new order
worth EUR 15 million that was received in the first quarter of 2014 is a
positive sign for LPKF's solar business.
Orders on hand at year's end amounted to EUR 17.7 million, which is
significantly lower than the prior-year figure of EUR 34.3 million. In the
previous year, the level of orders on hand was relatively high at year's
end on account of several large orders. At EUR 113.1 million, the volume of
incoming orders was almost comparable to that of the previous year (EUR
124.1 million).
Despite a rather muted beginning of the current financial year, LPKF is
optimistic about the future. The trend towards miniaturization and
functional integration in electronic devices regularly offers new
applications for the laser as a high-precision tool, and laser technology
is developing rapidly. In the financial year ended, LPKF again invested
about 10% of its revenue in the development of new laser technologies. This
dynamic trend is powering success at LPKF.
On the whole, the Management Board confirms its forecast and expects the
LPKF Group to generate revenue of EUR 132 million to EUR 140 million for
2014, assuming stable performance by the global economy. The EBIT margin
should be between 15% and 17% in 2014. Given a stable economic environment
in both 2015 and 2016, the Management Board expects revenue to grow by an
average of approximately 10% per year and the EBIT margin to come in
between 15% and 17%.
In view of the positive results for 2013 and the good prospects for the
current financial year, the Management Board and the Supervisory Board
intend to propose to the Annual General Meeting on 5 June 2014 that a
dividend of EUR 0.25 per share be paid. Taking into account a capital
increase that was implemented, this would exactly equal the dividend paid
in the previous year.
The full annual report is available in German at
www.lpkf.de/investor-relations/finanzberichte/index.htm and in English at
www.lpkf.com/investor-relations/financial-reports/index.htm.
About LPKF
LPKF Laser & Electronics AG specializes in the production of laser systems
for micro material processing, a field in which it is the world leader in
several sectors. Founded in 1976, the Group has its headquarters in Garbsen
near Hannover in Germany and does business around the world together with
its subsidiaries and representatives. LPKF has 750 employees globally. The
shares in LPKF Laser & Electronics AG are traded on TecDAX index of the
Frankfurt Stock Exchange (ISIN 0006450000).
End of Corporate News
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Language: English
Company: LPKF Laser & Electronics AG
Osteriede 7
30827 Garbsen
Germany
Phone: +49 (0) 5131 7095-0
Fax: +49 (0) 5131 7095-95
E-mail: [email protected]
Internet: www.lpkf.com
ISIN: DE0006450000
WKN: 645000
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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