Garbsen, 21.07.2021 - Based on preliminary figures, LPKF Laser & Electronics AG generated consolidated revenue of EUR 20.1 million (Q2 2020: EUR 30.5 million) and preliminary earnings before interest and taxes (EBIT) of approximately EUR -1.7 million (Q2 2020: EUR 5.2 million) in the second quarter of 2021.

After six months, consolidated revenue reached EUR 36.4 million, 27% below the previous year's figure of EUR 50.0 million. As expected, the Solar segment recorded low sales of approx. EUR 3.1 million in the first half of 2021 (1H 2020: EUR 15.2 million). As previously announced, significant orders on hand for solar systems will be delivered in the second half of the year. EBIT in the first half of the year was at EUR -5.9 million, compared to EUR 2.8 million in the same period of the previous year.

Incoming orders in the second quarter of 2021 were at EUR 30.2 million, up 69% on Q2 2020 of EUR 17.9 million. The resulting book-to-bill ratio for the second quarter is 1.5 (Q2 2020: 0.6). The orders on hand reached EUR 53.6 million as of June 30, 2021 (June 30, 2020: EUR 21.9 million), an increase of 145 %.

Based on the preliminary key figures for the first half of the year, the Management Board has issued a guidance for the third quarter of 2021 and reviewed its guidance for the full year 2021.

The Management Board expects revenue for the third quarter of 2021 to reach EUR 30 - 35 million (Q3 2020: EUR 25.2 million) and EBIT of EUR 3 - 7 million (Q3 2020: EUR 4.0 million).

LPKF confirms the figures stated in its previous guidance for 2021, according to which the company expects revenue to grow by 15 -25% to a consolidated revenue of EUR 110 - 120 million, assuming moderate overall economic growth. The EBIT margin is expected to be between 10 - 13%.

As previously communicated, the Company has made significant progress in the market launch of LIDE technology and received the first order for series production in the semiconductor industry at the beginning of June 2021. LPKF remains convinced that LIDE technology will achieve a breakthrough into mass production in various application areas. However, due to a change in the assessment of the time schedule for current customer projects, the Management Board no longer sees a realistic chance of a major order for LIDE technology for the current financial year.

Going forward, the company continues to expect sustainable, profitable growth in each business unit and confirms its medium-term targets.

The 1H 2021 financial report with final revenue and earnings figures will be published on July 29, 2021.

LPKF Laser & Electronics AG shares are listed on the SDAX and TecDAX of the Frankfurt Stock Exchange (ETR:LPK, ISIN: 0006450000)

Explanation of the key figures
EBIT: Earnings before interest and taxes
EBIT margin: earnings before interest and taxes / sales x 100
Book-to-Bill-Ratio: Incoming orders / revenue

About LIDE
LPKF's LIDE technology (Laser Induced Deep Etching) enables customers to process thin glass quickly, precisely and without any damage such as micro cracks. This makes LIDE a basic technology for many microsystems technology applications, including the production of microchips, displays, sensors or MEMS.