14.11.2016
LPKF Laser & Electronics Aktiengesellschaft DE0006450000
DGAP-News: LPKF records net profit before non-recurring effects in third quarter
DGAP-News: LPKF Laser & Electronics Aktiengesellschaft / Key word(s):
Quarterly / Interim Statement
LPKF records net profit before non-recurring effects in third quarter
14.11.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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Garbsen, 14 November 2016 - In the first nine months of the current
financial year, the revenue of LPKF Laser & Electronics AG remained
essentially unchanged year-on-year at EUR 61.0 million (previous year: EUR
61.6 million). As announced two weeks ago, the operating result (EBIT) was
impacted by non-recurring effects of EUR 6.5 million, thereby amounting to
EUR -10.3 million. Adjusted for all non-recurring effects, including
restructuring expenses of EUR 0.8 million, the Group recorded a net profit
of EUR +0.7 million in the third quarter.
The reasons for the muted overall business development in the first nine
months were delays in the development of new products and technologies as
well as the sustained weakness of the laser direct structuring (LDS)
systems business, which was a key factor in the unscheduled write-downs
recognized.
The plastic welding and solar segments both increased their revenue in the
first nine months. The new Through Glass Via (TGV) and Laser Transfer
Printing (LTP) technologies were launched in the current financial year.
The first machines have been sold in both areas and customer interest
remains high.
The Group's incoming orders in the first nine months totaled EUR 76.8
million, representing a 26.6% year-on-year increase. At EUR 29.0 million,
orders on hand were 73.4% higher than in the same period of the previous
year. CEO Dr. Ingo Bretthauer sees the order situation as evidence that
LPKF will be able to return to a more sustainable growth path: "Although we
recorded an operating profit in the second and third quarters, we are
highly unsatisfied with our results for the first nine months as a whole.
The restructuring program announced this May is going according to plan,
meaning that the Group is set to achieve its objective of lowering the
break-even point to around EUR 90 million by the end of the year."
The complete quarterly financial 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 manufacture of laser systems
for micro material processing and is regarded globally as a leader in
several sectors. The company, which was founded in 1976, has its head
office in Garbsen (near Hanover) and operates worldwide through its
subsidiaries and agencies. The shares of LPKF Laser & Electronics AG are
traded on the Prime Standard of the German Stock Exchange (ISIN
0006450000).
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14.11.2016 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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520055 14.11.2016
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