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08-20-2012

LPKF: Second Quarter Results

In the second quarter of 2012, the mechanical engineering and laser spe-cialist LPKF Laser & Electronics AG, Garbsen, Germany, remained unim-pressed by the muted economical outlook in its market sector. The una-bated demand for laser systems for use in electronic component manufac-turing enabled the company to boost revenue by 34% to EUR 50.3 million in the first half of 2012. Earnings increased even more by 42% to EUR 7.4 million. The EBIT margin rose to 15% from 14% in the prior-year period. Accounting for revenue of EUR 29.8 million and an EBIT margin of 18%, the second quarter made a significant contribution to the solid net profit recorded for the first half-year. With incoming orders of EUR 60.0 million and orders on hand of EUR 34.9 million, the company now looks to the second half of the year with great confidence. One of the decisive factors for the strong growth in the second quarter was the boom enjoyed by the LPKF Group in its solar business.

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