Germany's LPKF Laser nine-month revenue falls 28% on weak solar business
Germany's LPKF Laser nine-month revenue falls 28% on weak solar business
Overview
German laser manufacturing firm's nine-month revenue fell 28% yr/yr, impacted by a weak solar business
Adjusted EBIT margin dropped to -14.7% from -1.0% a year earlier
Company completed first phase of North Star efficiency program; cost savings gradually taking effect
Outlook
LPKF expects 2026 revenue of €93 mln to €100 mln
Company sees 2026 adj EBIT margin between -7.0% and -2.5%
Company maintains medium-term target of double-digit EBIT margin by 2028
Result Drivers
SOLAR BUSINESS WEAKNESS - Co said significantly weaker solar business was a key factor in revenue decline
ADVANCED PACKAGING DELAYS - Delays in expected orders for Advanced Packaging weighed on results, per CEO Klaus Fiedler
SEGMENT VARIATION - Electronics and Development segments saw higher order intake, but US Development business faced headwinds from public education budget uncertainty
Company press release: ID:nEQ7YCVwZa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue |
| EUR 60.30 mln |
|
9M EBIT |
| -EUR 12.80 mln |
|
9M Order Backlog |
| EUR 31.90 mln |
|
9M Orders |
| EUR 65.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy."
Wall Street's median 12-month price target for LPKF Laser & Electronics SE is €22.75, about 95.3% above its October 28 closing price of €11.65
The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 723 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)