LPKF Laser & Electronics AG further increases turnover

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August 2004
 

Garbsen/Hanover, 12 August 2004

Garbsen/Hanover based LPKF Laser & Electronics AG, the globally active specialist for system and process solutions for PCB technology and microelectronics, demonstrates a positive trend in turnover development at the end of Q2 2004.

In the first half of the ongoing financial year, turnover rose by 17 per cent to € 11.16 million (1st half 2003: € 9.54 million). This increase is primarily attributable to Laser Systems (+28%) and Rapid PCB Prototyping (+16%). In the Rapid PCB Prototyping segment, the market launch of the H100, a fully automatic system for the production of prototype PCBs, gave business a positive boost.

Group EBIT in the first six months rose considerably by 178.4 per cent to K€ 229 (1st half 2003: K€ -292). The earnings of K€ -36 (1st half 2003:    K€ - 99) slightly improved year-on-year. Group cash and cash equivalents per 30 June 2004 rose by 19 per cent to € 6.26 million (1st half 2003: € 5.26 million).
Group capital ratio at the end of the first half 2004 was 72.7 per cent (1st half 2003: 70.1 per cent).

The consolidated performance overall is still depressed by the new laser plastic welding technology of Laserquipment AG. On the strength of new products, Laserquipment AG aims at producing a break even in 2005. The successful installation of welding systems in the medical technology and

automotive sectors in particular are a good foundation for achieving the planned growth in turnover in this segment.

The positive trend should strengthen further in the second half of 2004. LPKF AG traditionally generates its best turnover in the second half of the financial year, and the last few weeks have already posted an increase in orders received from Asia in particular. 3D-MID technology is establishing itself more and more in the market, and additional systems were sold in the first half 2004.
LPKF has an exclusive range of innovative products tailored to today's and tomorrow's demand. Pushed by the greater willingness of industry throughout the world to invest, the company should enjoy excellent opportunities to continue the current upward trend.

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