EANS-News: LPKF forecasts another record year
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Financial Figures/Balance Sheet
Garbsen (euro adhoc) - The laser specialist from Garbsen in Germany expecting to more than double its earnings in 2010
Garbsen, 9 November 2010 - LPKF Laser & Electronics AG has boosted turnover in the first nine months of the ongoing financial year to EUR 61 million. This corresponds to a rise of 76 % compared to the same period the previous year. At 15 million and an EBIT margin of 24 %, earnings before interest and tax after nine months were well above forecast. The company turned over EUR 24 million in the third quarter alone, generating an EBIT of almost EUR 7 million.
The Chairman of the Board of Managing Directors, Dr. Ingo Bretthauer, is forecasting a record turnover of approx. EUR 79 million for the ongoing financial year, and expects to more than double earnings, with an EBIT margin of approx. 19 %. Bretthauer is very satisfied with the fast development of the company´s business, and intends to grow further in future. "The major jump in growth this year is attributable to the market breakthrough of our LDS technology (Laser Direct Structuring), as well as several major orders in the Cutting & Structuring Lasers segment. For the next financial year we are currently forecasting a stabilization of our business activities. We also see promise of further growth in several segments in the following financial years."
LPKF Laser & Electronics AG is a technology company specialized in laser systems for micro-material processing. Founded in 1976, the Group has its headquarters in Garbsen near Hannover in Germany, and does business around the world together with its subsidiaries and representatives. LPKF has 430 employees around the world, of which 200 are in Garbsen. The shares in LPKF Laser & Electronics AG are traded on the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000).
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Further inquiry note:
LPKF Laser & Electronics AG
Bettina Schäfer, Investor Relations
Tel: (05131) 7095-382
Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Original content of: LPKF Laser & Electronics AG, transmitted by news aktuell