DGAP-Adhoc LPKF Laser & Electronics Aktiengesellschaft: Preliminary results for the third quarter of 2020
DGAP-Ad-hoc: LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Quarter Results
Garbsen, 21 October 2020 - According to preliminary figures, the LPKF Group has generated earnings before interest and tax (EBIT) of around EUR 4 million in the third quarter 2020, with consolidated revenue of EUR 25.2 million. EBIT is above the company's own earnings expectations for the third quarter (EUR 1 to 3 million). Higher gross margins and the successful implementation of cost-cutting measures have made a significant contribution to the EBIT. At EUR 25.2 million, revenue is in line with the company's own expectations for the third quarter (EUR 24 to 27 million). After nine months, Group revenue has reached 75.2 million EUR.
The ability to forecast the current financial year is still limited due to the economic impact of the ongoing COVID-19 pandemic. The medium-term forecast for LPKF and the growth prospects for the LIDE segment in particular remain unchanged.
The complete quarterly financial report with final revenue and earnings figures will be published on October 29, 2020.
LPKF Laser & Electronics AG shares are traded in the Prime Standard segment of the German Stock Exchange (ETR:LPK, ISIN: 0006450000) and are listed in the SDAX index.
Explanation of the key figures
EBIT: Earnings before interest and taxes
Bettina Schäfer, Department Manager Group Communication & Investor Relations
21-Oct-2020 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:||1142147|
|End of Announcement||DGAP News Service|
1142147 21-Oct-2020 CET/CEST