EQS-News

LPKF Laser & Electronics SE: LPKF significantly increases revenue and earnings in the 2022 financial year

EQS-News: LPKF Laser & Electronics SE / Key word(s): Annual Report LPKF Laser & Electronics SE: LPKF significantly increases revenue and earnings in the 2022 financial year 23.03.2023 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement.

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• Group revenue rises by 32% to EUR 124 million
   
• EBIT rises from EUR 0.1 million to EUR 6.8 million
   
• Group revenue of EUR 125 - 140 million expected in 2023

Garbsen, 23.03.2023 - In the 2022 financial year, LPKF Laser & Electronics SE achieved a consolidated revenue of EUR 123.7 million (previous year: EUR 93.6 million) and earnings before interest and taxes (EBIT) of EUR 6.8 million (previous year: EUR 0.1 million). The technology company is thus back on track for growth after two difficult financial years and despite continuing global challenges. The return on sales (EBIT margin) reached 5.5% despite increased raw material and logistics cost and continued high investments in new technologies. Overall, LPKF achieved the upper half of its forecast for the 2022 financial year in terms of both revenue and earnings. In the latest guidance, Group revenue was expected between EUR 117 million and EUR 127 million and the EBIT margin between 2 - 7%.

Growth was mainly driven by the established business segments, but also by new market areas. LPKF is receiving tailwind from global megatrends such as miniaturization, connectivity, CO2 reduction and demographic change. They are driving demand for the laser specialist's high-precision, clean and energy-efficient production technologies.
At EUR 124.3 million, order intake was 5.4% above the prior year. At year end, the order backlog reached EUR 63.1 million, 0.8% up from an already high level in 2021. LPKF closed the year with a net cash position of EUR 11.7 million and an equity ratio of 68%.

The company intends to use the current financial resources specifically for the development and commercialisation of future technologies. For this reason, the Management Board and the Supervisory Board will propose to the Annual General Meeting on 17 May 2023 that no dividend be paid for the 2022 financial year.