Brief: LPKF Q1 Negative EBIT At EUR 4.1 Mln
29/04/2021 13:00
April 29 (Reuters) - LPKF LASER & ELECTRONICS AG LPKG.DE :
* LPKF GROUP GENERATED REVENUE OF EUR 16.3 MILLION IN Q1,
ALMOST
17% LESS THAN IN PREVIOUS YEAR
* Q1 NEGATIVE EBIT (EARNINGS BEFORE INTEREST AND TAXES) OF
EUR 4.1
MILLION (PREVIOUS YEAR: EUR -2.4 MILLION)
* AT EUR 21.5 MILLION, Q1 INCOMING ORDERS WERE SLIGHTLY
ABOVE
PREVIOUS YEAR'S FIGURE OF EUR 21.2 MILLION. ORDERS ON HAND
AMOUNTED TO
* EXTENDED APPOINTMENT OF CHIEF FINANCIAL OFFICER CHRISTIAN
WITT
BY FOUR YEARS UNTIL 30^TH OF APRIL 2025
* CHAIRMAN OF MANAGEMENT BOARD, DR. GOETZ M. BENDELE, WILL
LEAVE
COMPANY ON 30^TH OF APRIL 2021
* CFO CHRISTIAN WITT WILL ASSUME ROLE OF CHAIRMAN OF
MANAGEMENT
BOARD IN MEANTIME
* SEARCH FOR A SUCCESSOR IS ONGOING
* FOR 2021 LPKF ANTICIPATES REVENUE GROWTH BETWEEN 15% AND
25%,
LEADING TO CONSOLIDATED REVENUE OF EUR 110 MILLION TO EUR 120
MILLION
* OF EUR 110 MILLION TO EUR 120 MILLION. FULL YEAR 2021 EBIT
MARGIN IS EXPECTED TO BE BETWEEN 10% AND 13%
* CONFIRMS ITS MEDIUM-TERM OUTLOOK
Source text for Eikon: ID:nEQ1mH3Gra
Further company coverage: LPKG.DE
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