LPKF Laser & Electronics Achieves 2023 Forecast, Reports Strategic Wins

• LPKF Laser & Electronics SE generated revenue of EUR 124.3 million and earnings before interest and tax (EBIT) of EUR 3.7 million in the 2023 financial year, narrowly achieving its forecast.
• Non-recurring effects, including severance costs and the change in the value of virtual share options, reduced earnings by about EUR 0.7 million.
• Order intake in the 2023 financial year was EUR 120.2 million, down 3.3% year on year, and the order backlog declined to EUR 58.9 million. However, LPKF received a major order upwards of EUR 15 million in its solar business in the first quarter of 2024.
• The company made significant progress in the semiconductor market and entered the biotech market for the first time with a new product. Business in laser systems for printed circuit board depaneling fared well, and the Development segment also performed well.
• The Welding segment fell short of expectations due to delays in follow-up orders from medical technology customers and sales performance in individual regions. The Solar segment is enjoying strong growth due to high global demand for renewable energies.
• LPKF expects Group revenue of between EUR 130 million and EUR 140 million and an adjusted EBIT margin of between 4% and 8% for the 2024 financial year. The company aims to achieve an attractive single-digit growth rate for its core business in the medium term.

The next important date, Analyst event, at LPKF Laser & Electronics is on 21.03.2024.

The price of LPKF Laser & Electronics at the time of the news was 8,2350EUR and was down -5,70 % compared with the previous day.
15 minutes after the article was published, the price was 7,9350EUR this corresponds to a minus of -3,64 % since publication.

LPKF Laser & Electronics

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ISIN:DE0006450000WKN:645000

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