EANS-News: LPKF promoted to the TecDAX - Laser specialist now at the focus of investor attention
06.09.2012 – 08:36
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/TecDAX Garbsen (euro adhoc) - Garbsen, 6 September 2012 - Deutsche Börse, the manager of the German stock exchange, has admitted LPKF Laser & Electronics AG to the TecDAX, the index comprising the 30 leading German technology stocks. LPKF, a special mechanical engineering company, is the world market leader for laser systems used, amongst other things, in the development and production of electronic devices. The company has been listed on the stock exchange since 1998. Managing Board Chairman Dr. Ingo Bretthauer anticipates that the admission to the TecDAX will raise the company's public profile: "Gaining greater exposure as a second-tier stock and B2B supplier requires a considerable effort. Having been promoted to the TecDAX provides us with the opportunity to be considered also by those investors who predominantly pick index-listed stocks." The strong image of a listed German corporation is beneficial for the company particularly in its international markets where the majority of its customers are based. Says Chief Financial Officer Kai Bentz: "The stringent transparency requirements stipulated by the stock exchange are quite a challenge for a medium-sized company. But we acknowledge that the strict reporting discipline also has particular benefits for the management of our internal processes - this kind of transparency clearly works both ways." Having experienced strong growth in recent years, LPKF continued to boost its sales and earnings also during the first six months of the current financial year. Assuming a stable trend in the world economy, the Managing Board expects the LPKF Group to report 2012 sales of between EUR 100 and 105 million, with the 2012 EBIT margin coming in between 15 and 17 percent. Since the start of the year the share price has risen by 40 percent from EUR 10.00 to its current level of EUR 13.98, taking the company's market capitalisation to EUR 156 million. About LPKF LPKF Laser & Electronics AG specializes in the production of laser systems for micro material processing, a field in which it is the world leader in several sectors. 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 around 617 employees globally. The shares in LPKF Laser & Electronics AG are traded on the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000). Further inquiry note: LPKF Laser & Electronics AG Bettina Schäfer, Investor Relations Manager (CIRO) Tel: (05131) 7095-1382 end of announcement euro adhoc -------------------------------------------------------------------------------- company: LPKF Laser & Electronics AG Osteriede 7 D-30827 Garbsen phone: +49(0)5131 7095 1382 FAX: +49(0)5131 7095 90 mail: investorrelations@lpkf.com WWW: http://www.lpkf.de sector: Semiconductors & active components ISIN: DE0006450000 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original content of: LPKF Laser & Electronics AG, transmitted by news aktuell