LPKF Laser & Electronics SE - Earnings Release 2019

News Details

Ad-hoc | 28 October 2019 17:15

LPKF: Third quarter 2019 stronger than expected

LPKF Laser & Electronics Aktiengesellschaft / Key word(s): 9 Month figures/Preliminary Results

LPKF: Third quarter 2019 stronger than expected

28-Oct-2019 / 17:15 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Garbsen, 28 October 2019 – According to preliminary figures, LPKF Laser & Electronics AG generated revenue of EUR 35 million in the third quarter of 2019, an increase of 19% over the prior year period (Q3 2018: EUR 29.3 million) and 6% above the upper end of the company’s own revenue expectations for the third quarter (EUR 28 to 33 million). After nine months, consolidated revenue reached EUR 108 million, up 23% on the previous year’s figure of EUR 87.7 million.

The high revenue leads to preliminary earnings before interest and taxes (EBIT) of EUR 4.9 mil-lion for the third quarter of 2019, which is well above the previous year’s figure of EUR 2.7 million. The company now expects an EBIT margin of approx. 14 % for the third quarter (previously: between 8 and 12 %).

For the 2019 financial year, the Management Board anticipates a consolidated revenue of between EUR 135 million and EUR 140 million and an EBIT margin of between 12% and 14%, with the global economy remaining stable. This corresponds to a ROCE of between 20% and 25%. In subsequent years, LPKF intends to further increase profitability and generate an EBIT margin of more than 14%.

The complete quarterly financial report with final revenue and profit figures will be published on 11 November 2019.

LPKF Laser & Electronics AG shares are listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000).

Explanation of key figures

EBIT: Earnings before interest and taxes

EBIT margin: Earnings before interest and taxes / sales x 100

ROCE: Earnings before interest and taxes / Intangible assets + Property, plant and equipment + Inventories + Trade receivables – Advance payments received

Contact:

Bettina Schäfer, Department Manager Group Communication & Investor Relations

28-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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
EQS News ID:	898709