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LPKF forecasts another record year

09/Nov/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 al-most 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 satis-fied 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 stabi-lization of our business activities. We also see promise of further growth in several seg-ments in the following financial years.”

About LPKF

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 representa-tives. 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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