DGAP-Ad-hoc: 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
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.
|Company:||LPKF Laser & Electronics Aktiengesellschaft|
|Phone:||+49 (0) 5131 7095-0|
|Fax:||+49 (0) 5131 7095-95|
|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|
898709 28-Oct-2019 CET/CEST