LPKF hits the higher vary of its H1 targets

DGAP-Information: LPKF Laser & Electronics Aktiengesellschaft / Key phrase(s): Half 12 months Report
LPKF hits the higher vary of its H1 targets
28.07.2022 / 08:59
The issuer is solely liable for the content material of this announcement.

  • Group income in H1 of 55.5 Mio. EUR, (+52.4% YoY)

  • Q2 leads to the higher vary of the steering

  • Forecast for 2022 confirmed

Garbsen, 28. July 2022 – The LPKF Laser & Electronics AG generated a gaggle income of EUR 55.5 million within the first half of the yr, a rise of 52.5% in comparison with the earlier yr. This included an EBIT of EUR 1.7 million following a lack of EUR 5.9 million within the earlier yr. Within the second quarter, income elevated by 48% year-on-year to EUR 29.8 million with an EBIT of EUR 0.7 million, which is within the higher vary of the steering.

With EUR 47.9 million, incoming orders within the first half of 2022 have been roughly on a par with the earlier yr’s determine. The orders available as of June 30, 2022 totaled EUR 54.9 million, of which greater than EUR 45 million are due for supply within the present fiscal yr.

LPKF stays optimistic for the second half of 2022 regardless of the tough financial situations. “We now have reached our targets within the first two quarters regardless of the difficult headwinds, and we’re assured to additionally ship on our 2022 forecast. To date, we’ve got been in a position to largely mitigate provide chain interruptions and safe supply to our clients. Nonetheless, working capital wants will stay excessive in the meanwhile. On the similar time, we’re additionally making progress on our strategic improvement: Digitalization is progressing and our ESG ranking by MSCI improved from BBB to A,” says Christian Witt, CFO of LPKF Laser & Electronics AG.
Within the second quarter LPKF launched a number of new merchandise. Following the launch of the Tensor expertise within the Electronics section in April, a number of orders have been positioned inside the first few months. Within the Improvement section, there was a big improve in incoming orders for the newly developed totally built-in options for speedy prototyping.

Along with the considerably improved enterprise efficiency, to which particularly the Photo voltaic and Improvement segments contributed, CEO Klaus Fiedler can also be happy with the brand new product launches and the progress made with the brand new enterprise initiatives: “LPKF thrives on making a superior utility profit by means of revolutionary applied sciences. I’m subsequently significantly happy that the brand new product launches have discovered robust curiosity in our core markets. The primary use of LIDE in serial manufacturing and the profitable acquisition of famend companions for the take a look at part of ARRALYZE present that we’re heading in the right direction in new market segments resembling semiconductor packaging, shows and biotechnology. The duty now could be to progressively transfer into high-volume functions by means of a stronger buyer focus and sustained partnerships.”

Outlook
In opposition to the backdrop of the present political and financial surroundings, the power to plan and predict the event of LPKF’s enterprise is considerably restricted.

For the third quarter of 2022, the Administration Board is anticipating income of between EUR 25 million and EUR 30 million and EBIT of EUR -2.5 million to EUR +2 million. LPKF confirms its outlook for the total yr 2022 and continues to count on group revenues of EUR 110 – 130 million and an EBIT margin of between 2 and seven %.

Within the medium time period, LPKF expects enticing development in its present core enterprise and a big contribution to development from its new LIDE and ARRALYZE segments, regardless of the not too long ago eliminated steering for 2024.
The complete 2022 half-year monetary report is on the market at www.lpkf.com.

About LPKF
LPKF Laser & Electronics AG is a number one supplier of laser-based options for the expertise business. Laser techniques from LPKF are essential for the manufacturing of printed circuit boards, microchips, automotive components, photo voltaic modules and plenty of different parts. Based in 1976, the corporate is headquartered in Garbsen close to Hanover, Germany, and is lively worldwide by means of subsidiaries and representatives. LPKF Laser & Electronics AG shares are traded on the Prime Customary of Deutsche Börse (ISIN 0006450000).

Contact:
Daniel Tolle, Treasury & Investor Relations Supervisor

28.07.2022 Dissemination of a Company Information, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely liable for the content material of this announcement.

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