Ad-hoc | 28 October 2019 17:15
LPKF: Third quarter 2019 stronger than expected
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LPKF Laser & Electronics Aktiengesellschaft / Key word(s): 9 Month figures/Preliminary Results
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: | 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 |
| EQS News ID: | 898709 |
| End of Announcement | DGAP News Service |