DGAP-News: LPKF: Weak LDS business puts strain on performance in 2015


 
DGAP-News: LPKF Laser & Electronics Aktiengesellschaft / Key word(s): 9-month figures/Quarter Results LPKF: Weak LDS business puts strain on performance in 2015 11.11.2015 / 08:00 --------------------------------------------------------------------- Development of new technologies is being pursued with great intensity The Management Board expects renewed profitable growth from 2016 Garbsen, 11 November 2015 - LPKF today announced that the weakness of its laser direct structuring (LDS) business put a considerable strain on the LPKF Group's overall business performance in the third quarter. At EUR 61.6 million, revenue in the first nine months remained below the previous year's figure of EUR 79.4 million. The EBIT margin of -8.7% was considerably lower than in the previous year (9.6%). The operating income (EBIT) fell to EUR -5.3 million. The Management Board now expects consolidated revenue for the full 2015 financial year to amount to EUR 85 million - EUR 90 million (previous guidance: EUR 90 million - EUR 110 million). According to this, EBIT is expected to be negative in the single-digit million range. Because of the weak business performance, LPKF made every effort in the current year to lower costs and thereby push its break-even point downwards. In this context, LPKF took the conscious decision to make only slight reductions to its workforce. "Our employees are to a large extent the key to our ability to innovate and are thus a decisive factor for ensuring new growth over the coming years," says Ingo Bretthauer, CEO of LPKF AG. Revenue in the Electronics Development Equipment segment remains slightly below expectations after nine months. In the Electronics Production Equipment segment, LPKF's largest product group, LDS equipment, has seen revenue after nine months drop almost 70% year on year. Incoming orders also failed to improve during the third quarter. Bretthauer nevertheless remains optimistic for this product group as well: "Of course, given our experience in the current year, we will be very cautious in our 2016 planning, especially for the LDS business. That said, we expect the LDS business to settle at a solid level of revenue in the medium term. While the StencilLaser Equipment product group failed to meet expectations, the PCB Production Equipment product group turned in a surprisingly positive performance in the first nine months of this year. Business with circuit board cutting systems has currently increased by over 100% year on year. The outlook for the year to come is also positive in this product group. Development for new products is making good progress according to the Company. The first machine for the Through Glass Via (TGV) process, which is used to create ultrafine holes in glass, is on schedule to be delivered to a customer before the end of the year. LPKF expects that this brand new business will slowly start to gather momentum in the course of 2016. In Other Production Equipment, the solar business after nine months is well below the level for the prior-year period, which was strongly influenced by a major order. The drop in revenue for the current year was planned, however, and is therefore unsurprising. There is every indication of profitable growth for the years to come. Business with plastic welding systems is 8% higher year on year, however, and is expected to continue its positive performance in 2016. The newly developed Laser Transfer Printing (LTP) process for the digital printing of pastes offers a truly novel alternative to the widespread method of screen printing. The first machine is to be delivered to a customer in the first half of 2016. "This is another field of business we want to expand continuously in the second half of 2016. There is enormous potential for supplanting specific industrial screen printing applications with LTP," says Bretthauer. For the 2016 financial year, the Management Board expects revenue to increase to EUR 100 million - EUR 120 million within a stable economic environment. The EBIT margin is expected to reach a positive single-digit figure. The Company expects to see growth in all segments. New products are anticipated to provide significant momentum. In the years to come, LPKF will once again aim for targets of average annual revenue growth of at least 10% and a double-digit EBIT margin. The full quarterly report is available in German at www.lpkf.de/investor-relations/news-publikationen/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 and 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 through subsidiaries and representatives. LPKF has 791 employees. The shares in LPKF Laser & Electronics AG are traded on the TecDAX index of the Frankfurt Stock Exchange (ISIN 0006450000). --------------------------------------------------------------------- 11.11.2015 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 Aktiengesellschaft 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------- 411355 11.11.2015


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 102,07 119,96 140,03 96,24 93,57 123,70 124,34
EBITDA1,2 11,63 14,88 26,94 14,84 9,60 15,12 12,81
EBITDA-Marge3 11,39 12,40 19,24 15,42 10,26 12,22
EBIT1,4 3,95 6,82 19,25 7,54 0,06 6,78 3,69
EBIT-Marge5 3,87 5,69 13,75 7,83 0,06 5,48 2,97
Jahresüberschuss1 1,15 8,04 13,15 5,34 -0,11 1,66 1,75
Netto-Marge6 1,13 6,70 9,39 5,55 -0,12 1,34 1,41
Cashflow1,7 9,57 11,51 48,04 3,97 7,92 8,50 -3,37
Ergebnis je Aktie8 0,05 0,33 0,54 0,22 0,00 0,06 0,07
Dividende8 0,00 0,00 0,10 0,10 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Baker Tilly

INVESTOR-INFORMATIONEN
©boersengefluester.de
LPKF Laser
WKN Kurs in € Einschätzung Börsenwert in Mio. €
645000 8,020 Halten 196,46
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,65 32,22 0,58 87,17
KBV KCV KUV EV/EBITDA
2,07 - 1,58 15,60
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 05.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.04.2024 25.07.2024 24.10.2024 21.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-10,55% -4,18% -19,36% -11,77%
    
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Laser , 645000 , LPK , XETR:LPK