DGAP-News: LPKF Laser & Electronics AG / Key word(s): Half Year Results LPKF confirms full-year guidance 13.08.2014 / 08:00 --------------------------------------------------------------------- Garbsen, 13 August 2014 - Specialist mechanical engineering company LPKF today announced record figures for both incoming orders and orders on hand in the first six months of the current year. In contrast, revenue and earnings remain down on previous year's figures. Revenue in the first six months of the year was EUR 45.6 million, falling 35% short of the unusually high prior-year figure (EUR 69.9 million). At EUR 1.6 million, earnings before interest and taxes (EBIT) were also lower than the previ-ous year's figure of EUR 15.0 million. The EBIT margin was 3.5%. The volume of incoming orders, however, continued to increase in the second quarter, reaching EUR 79.7 million after six months. This represents an increase of 41% year on year and a book-to-bill ratio of 1.7. Against this backdrop, the Management Board once again confirms its full-year guidance for the LPKF Group: the Management Board expects the 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. "In contrast to the previous year, in 2014 it was only during the first half-year that we received significant orders which are necessary to reach our targets. This naturally makes it much more of a challenge to meet our own revenue and earnings targets by the end of the year. However, given the high volume of incoming orders, this should still be possible," said Dr. Ingo Bretthauer, CEO of LPKF AG. Orders on hand in the entire Group rose by just under 150% in the first six months, reaching a new record high of EUR 51.8 million. Business with laser direct structuring (LDS) and solar cell structuring systems has been particularly strong in the first half-year. After prevailing in the lawsuit against smartphone manufacturer Motorola for infringement of the LDS patent, LPKF feels that its position in the fight to defend its intellectual property rights has been strengthened. LPKF expects this outcome to have a positive effect on its business with LDS systems in the medium term. 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%. The full half-yearly financial report is available in German at http://www.lpkf.de/investor-relations/news-publikationen/finanzberichte/in dex.htm and in English at http://www.lpkf.com/investor-relations/financial-reports/index.htm --------------------------------------------------------------------- 13.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 281926 13.08.2014