LPKF joins German Stock Exchange SDAX index
Technology company LPKF has considerably boosted its revenue and earnings in the last two years and expects revenue of EUR 135 - 140 million in 2019. At the same time, LPKF expects an EBIT margin of 12 – 14% for 2019 after 5.7% in 2018. In addition, the company has significantly reduced net working capital, eliminated net debt and increased the company's net cash position to EUR 12.4 million as of Sept. 30, 2019.
"I am glad that LPKF is joining the SDAX", says Goetz M. Bendele, LPKF CEO. "This confirms the rapid and successful development of our company, which our colleagues have worked hard for. Joining the SDAX reflects both the success of our work and our shareholders’ expectations that we will continue to grow profitably and successfully commercialize new tech-nologies for our customers."
CFO Christian Witt adds: “Becoming a member of SDAX together with the higher market capitalization and the increased trading volume makes our share more attractive for new investor groups worldwide.” LPKF’s share price almost tripled in 2019, and rose further to EUR 23.80 (closing price on 13 February 2020) during the first weeks of the current financial year. "We look forward to continuing our active capital market communication and making LPKF even better known internationally", says Witt.