LPKF Laser & Electronics : remains on track

LPKF Laser & Electronics AG generated revenue of EUR 44.6 million in the first half of the year based on preliminary figures, thereby increasing its revenue by 12% year-on-year and remaining slightly ahead of its forecast. All segments increased its revenue. The SolarQuipment (SQ) segment and the WeldingQuipment (WQ) segment made a particularly strong contribution to this development. The segment SQ produces laser systems for structuring thin film solar cells and the segment WQ produces laser systems for plastic welding.
Orders on hand increased significantly to EUR 45.8 million as of 30 June 2017 (+40% year-on-year). Incoming orders also rose to EUR 62.7 million in the first six months of the year (+6% year-on-year). This resulted in a book-to-bill ratio of 1.4. Earnings will be published together with the full half-yearly financial report on 15th of August.

The Management Board sees the positive figures for the first half of the year as confirmation that the company is making good progress towards its stated aims of revenue growth and profitability.
The Management Board is confirming its forecast for the 2017 financial year. If the global economy remains stable, the Management Board anticipates revenue of between EUR 92 million and EUR 100 million and an EBIT margin of between 1% and 5%. Revenue is expected to continue to grow in the subsequent years. LPKF intends to return to generating EBIT margins of at least 10% in the medium term.

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)