LPKF Laser & Electronics : LPKF exceeds revenue target for 2017 and gives outlook for 2018
January 25, 2018 at 05:30 am EST
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DGAP-News: LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Forecast
LPKF exceeds revenue target for 2017 and gives outlook for 2018
25.01.2018 / 11:23
The issuer is solely responsible for the content of this announcement.
Garbsen, January 25, 2018 - On the basis of preliminary figures, LPKF Laser & Electronics AG is forecasting consolidated revenue of EUR 102 million for 2017. This means that the laser specialist is slightly above its own expectations (EUR 92 - 100 million) and 12% higher than in the previous year. Revenue in the fourth quarter reached EUR 30.8 million.
At the end of the year, the orders on hand at EUR 38.8 million was 39% higher than in the previous year. Order intake reached EUR 113.3 million, an increase of 7% year-on-year. The book-to-bill ratio is thus 1.1. For 2017, the Management Board now expects an EBIT margin of between 2 and 4%.
For Kai Bentz, Spokesman of the Management Board of LPKF AG, the increase in revenue and earnings in the past financial year is a clear signal of the LPKF Group's recovery. "The conditions for further growth are good. We have been working hard on restructuring the Group in 2016 and 2017 and see initial effects. At the same time, we are continuing to improve profitability in the individual divisions."
For 2018, the Management Board anticipates Group sales of between EUR 103 and 108 million and a return on capital employed (ROCE) of between 2 and 7%, assuming a stable development of the global economy. An EBIT margin of up to 6% is assumed. LPKF aims to generate ROCE between 10 and 15% by 2020. This improvement is expected to result from growing business, especially with new products, and an optimized fixed cost base.
The annual report will be published on March 26th, 2018.
About LPKF
LPKF Laser & Electronics AG is a specialist for the manufacturing of laser systems for micro material processing and is a global leader in numerous fields. Formed in 1976, the Company has its head office in Garbsen near Hanover and is globally active via subsidiaries and representative offices. The shares of LPKF Laser & Electronics AG are listed on the Prime Standard segment of Deutsche Börse (ISIN 0006450000).
Contact:
Bettina Schäfer, Department Manager Group Communication & Investor Relations
25.01.2018 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.
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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:
investorrelations@lpkf.com
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
LPKF Laser & Electronics SE, formerly known as LPKF Laser & Electronics AG, is a Germany-based company, which operates as a supplier of laser-based solutions for the technology industry. Its products are used in the manufacture of printed circuit boards, microchips, automotive parts, solar panels and many other components. The Company has four operating segments: development, electronics, welding, and solar. The development segment develops systems for printed circuit board development and research and systems for biotechnology. The electronics segment develops systems for electronic production and the manufacture of glass components. The welding segment develops systems for plastic welding and the solar segment develops systems to produce solar cells and for laser transfer printing.
LPKF LASER & ELECTRONICS SE 
