LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Change in Forecast/Development of Sales 02.05.2016 08:30 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Garbsen, May 2, 2016 - LPKF Laser & Electronics AG is lowering its revenue forecast for the current business year following a first quarter performance that failed to meet expectations. Based on provisional calculations, revenue for the first three months amount to EUR 14.8 million, 30.8% less than in the previous year. LPKF now anticipates revenue of EUR 90-110 million for the whole of 2016 (down from EUR 100-120 million). The below par business development in the first quarter is attributable to the fact that the Electronics Production segment continues to perform below expectations. This is further exacerbated by the poor development of other product areas, which is in part due to seasonal factors. Incoming orders saw a significant rise in the first months of the current year, but not enough to dispel the insecurities for the year as a whole. In the face of this weak start to the year and the poor visibility of some business units, the board of directors has decided to immediately implement additional cost reduction measures. The aim is to achieve a cost base that will enable profitable growth in future years, even if current business development should remain sluggish. Among other things, this set of measures includes a 13% reduction in the global workforce and a cut in investments. Moreover, the board of directors will voluntarily waive any bonus payments in the business year 2016. Overall, the adopted measures are to bring the break-even point for 2017 to under EUR 90 million. In the medium term, the board of directors sees very good growth opportunities in many product areas. However, due to the poor visibility and high volatility of the markets, adequate preparation for the possibility of weak business development is of utmost importance. The results forecast for 2016 and die guidance for 2017 are currently being reviewed and will be published in the quarterly financial report on May 12. The shares of LPKF Laser & Electronics AG are listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN 0006450000). Forward-looking statements This ad-hoc announcement contains specific forward-looking statements based on the current assumptions and forecasts of the management board of LPKF Laser & Electronics AG. Various known and unknown risks, uncertainties and other factors could lead to significant differences between the actual results, financial position, development or performance of the company and the estimates given here. 02.05.2016 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; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------