LPKF: Seen slumping on Q1 warning on order flow, coronavirus
21/02/2020 07:48
** Shares in laser system manufacturer LPKF LPKG.DE are
down 12% in early Frankfurt trade
** The company said late on Thursday it expected a weak
first quarter due to order fluctuations and the effects of the
coronavirus outbreak in China urn:newsml:reuters.com:*:nASN00037W
** A local trader also points to FY19 incoming orders, which
were below FY18
** "Especially the order flow looks very negative to us,"
the trader says, adding that it remains to be seen whether the
business will fully recover from the coronavirus effects during
the year, as management expects
** "Long term outlook is very bullish but also long time
away," the trader adds
** It sees the warning and profit taking weighing on the
shares
((linda.pasquini@tr.com))