15.05.2018
LPKF Laser & Electronics Aktiengesellschaft DE0006450000
DGAP-News: New CEO sees great growth potential for LPKF
DGAP-News: LPKF Laser & Electronics Aktiengesellschaft / Key word(s):
Quarterly / Interim Statement
New CEO sees great growth potential for LPKF
15.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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Garbsen, 15 May 2018 - After serving exactly two weeks as the new CEO of
LPKF Laser & Electronics AG, Goetz M. Bendele explains the focus of his
agenda for the laser machine manufacturer in the company's Quarterly
Financial Report.
The physicist regards LPKF as a technology company with extraordinary
potential. "My takeaway from initial discussions with our customers and
partners is that LPKF's degree of influence on technical progress in a
number of high tech areas is well in excess of our company size. Together
with our employees, it is now my task to ensure that we realize this
potential in full," says Bendele. He wants to develop the laser specialist
more in the direction of a technology start-up and use the resulting agility
to react even faster and more directly to customer needs.
Despite the restrained start in the first three months of the current
financial year, Bendele is optimistic about the future: "If we do our
homework on the cost and asset side and successfully leverage our
technologies and our employees' knowledge to help shape our customers'
future, we will once again become a sustainably profitable, leading high
tech company".
LPKF reports a success in the field of their newly developed LIDE technology
(Laser Induced Deep Etching): At the beginning of May, the company has
received an order for a Vitrion system from a customer in the semiconductor
industry for an advanced packaging application. With LIDE, LPKF is launching
a completely new basic technology for the microsystems industry. With the
LIDE process, electronics manufacturers can process ultra-thin glass into
complex structures for mass production, both economically and with high
precision. New technologies such as the LIDE process are expected to make a
significant contribution to the company's sales and earnings growth in the
coming years.
In the first quarter of the current financial year, the LPKF Group's revenue
reached EUR 19.7 million and was thus 20 % below the previous year's figure
of EUR 24.5 million. While revenue in the Solar segment was 80 % higher than
in the prior year, revenue in the other segments has declined. Incoming
orders and orders on hand show a more positive development: at EUR 29.0
million, incoming orders were at the prior year's level; orders on hand as
of 31 March 2018 were EUR 47.9 million, or 48% above the prior year's level.
Revenue in the first quarter was too low to generate a positive EBIT: There
were losses (EBIT) of EUR 2.3 million for the quarter, compared to an EBIT
of EUR 0.1 million in the prior year's quarter, which had a higher revenue.
In assessing the quarterly figures, the Management Board points out that
LPKF's revenue in the first quarter is often weaker; for the first quarter
of 2018, comparatively lower incoming orders during the fourth quarter of
2017 were an early indication. Based on the already higher incoming orders
and orders on hand, the Management Board expects business to develop as
forecast for 2018: if the global economy remains stable, the Management
Board anticipates consolidated revenue of between EUR 103 million and EUR
108 million and a return on capital employed (ROCE) of between 2% and 7% in
2018. An EBIT margin of up to 6% is expected. LPKF is aiming to achieve a
ROCE of between 10% and 15% by 2020.
The full quarterly report is available in German and English at
www.lpkf.com/investor-relations/news-publications/financial-reports/index.htm.
The Annual General Meeting of LPKF Laser & Electronics AG will be held at
Hanover Congress Centrum on May 31.
About LPKF
LPKF Laser & Electronics AG specializes in the production of laser systems
for micro material processing and is a global leader in several areas.
Founded in 1976, the company is headquartered in Garbsen near Hanover and
operates worldwide via subsidiaries and representative offices. The shares
of LPKF Laser & Electronics AG are traded in the Prime Standard segment of
Deutsche Börse (ISIN 0006450000).
Contact:
Bettina Schäfer, Department Manager Group Communication & Investor Relations
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15.05.2018 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.
Archive at www.dgap.de
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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, Tradegate Exchange
End of News DGAP News Service
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685563 15.05.2018
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