LPKF begins 2017 financial year with full order books

LPKF Laser & Electronics AG closed the 2016 financial year with consolidated revenue of approx. EUR 91 million, achieving its most recent revenue forecast and growth of almost 5%.

The 2016 financial year was characterized by a number of consolidation measures.
 
At the same time, the company worked intensively on various new technologies and the advancement of individual product areas. By mid-2016, orders on hand were already up significantly year-on-year. Orders on hand amounted to EUR 28 million at the end of December, which also represented an increase on the previous year as expected (+110%).

The positive trend remained unbroken in January 2017, with strong demand for laser systems in all segments resulting in additional orders. The outstanding precision of LPKF's laser technology enables more efficient digital production, especially as components become smaller and smaller.

CEO Dr. Ingo Bretthauer sees the strong growth in orders as a reason for optimism. "We did our homework in 2016, significantly reducing our cost base while also launching a number of highly attractive new products. The current order situation is a positive indicator for our revenue and earnings performance in 2017."

The Managing Board is forecasting revenue of EUR 92-100 million and an EBIT margin of between 1% and 5% for the current financial year. In subsequent years, the Group wants to further increase revenue. In the medium term, the Managing board aims to return to EBIT-margins of at least 10%.

The 2016 annual financial statements will be published on 22 March 2017.

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