Brief: LPKF Sees 2021 Ebit Margin Between 10% And 13%
29/07/2021 07:04
July 29 (Reuters) - LPKF Laser & Electronics AG LPKG.DE :
* Lpkf Expecting Significant Revenue Growth In Second Half
Of The
Year After A Weak First Six Months
* H1 Revenue Fell 27 Percent To 36.4 Million Eur
* Says Expecting Significant Revenue Growth In Second Half
Of Year
After A Weak First Six Months
* Says Consolidated Revenue Of Eur 36.4 Million In First
Half Of
Year
* Says Decline In Revenue Is Almost Exclusively Attributable
To
Solar Segment
* Says Negative Ebit (Earnings Before Interest And Taxes) Of
Eur
5.9 Million (Previous Year: Eur +2.8 Million)
* Says Order Situation Improved Considerably In Q2, Thus
Providing
Basis For Planned Higher Revenue In Second Half Of Year
* Says Incoming Orders Amounted To Eur 51.7 Million In First
Six
Months
* Says Q2, Order Intake Even Increased By 69% To Eur 30.2
Million
* Says Orders On Hand Rose By 145% Compared With Same Period
Of
Previous Year
* Says See An Increasing Demand For Our Solutions In Various
Business Areas
* Says Company Has Tempered Expectations Of Larger Revenues
From
Innovative Lide (Laser Induced Deep Etching) Technology In Short
Term
* Says Lide Is An Important Growth Driver For Lpkf's Future
Development
* Says For 2021, Lpkf Anticipates Revenue Growth Of Between
15%
And 25% To Consolidated Revenue Of Eur 110 Million To Eur 120
Million
* Says Ebit Margin For Financial Year 2021 Is Expected To Be
Between 10% And 13%
* Says Confirming Its Medium-Term Outlook
Source text for Eikon: ID:
Further company coverage: LPKG.DE
(Reporting by Berlin Newsroom)
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