-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
LPKF Reports 20% Sales Growth in Q2
August 18, 2016 | LPKFEstimated reading time: 1 minute
Business growth at LPKF Laser & Electronics AG accelerated considerably in the second quarter 2016. Sales grew by almost 20% compared to the same quarter of the previous year, EBIT results were positive at EUR 0.7 million. However, due to a very weak first quarter, sales and EBIT results after six months stayed below the previous year’s figures. Sales in the first half year reached almost EUR 40 million, EBIT stayed negative at EUR -3.7 million.
Orders received in the first half of the year amounted to almost EUR 60 million, almost 40% higher than those received during the first half of the previous year. Orders in hand on the reporting date were over 80% higher than the figures re-ported during the same period of the previous year. The book-to-bill ratio reached a value of 1.5.
The most significant drivers of growth in the first six months included laser systems for plastic welding. A large solar contract for EUR 17 million was a major contributor to the orders received in the second quarter. Orders in the other two segments remained below expectations for the first half of the year.
The announced cost-saving program made good progress in the second quarter. The planned reduction of 100 full-time equivalents in the LPKF-Group is on schedule. Until mid-August a capacity reduction of eighty-six full-time equivalents has been contractually agreed. The Board of Directors therefore believes that the company is in a good position to bring the break-even point for 2017 to below EUR 90 million.
“Despite the continued weakness in LDS business, we have taken a substantial step forward in the second quarter", says Dr. Ingo Bretthauer, CEO of LPKF AG. “Both the sales trends and cost-saving measures are going according to plan. We are confident that we will be able to achieve our goals for 2016 on both fronts.”
For 2016, the Board of Directors expects to achieve sales of EUR 90 to 110 mil-lion and an EBIT margin of between -3% and +6%, if the global economy remains stable. These include estimated restructuring costs of approx. EUR 2 million. For 2017, the board expects an increase in sales and a clearly positive result.
About LPKF
Established in 1976, LPKF Laser & Electronics manufactures milling machines and laser systems used in circuit board and microelectronics fabrication, medical technology, the automotive sector, and the production of solar cells. LPKF’s worldwide headquarters is located in Hannover, Germany and its North American headquarters resides near Portland, Ore.
Suggested Items
Incap Releases Unaudited Business Review for January–March 2024
05/08/2024 | IncapRevenue for the first quarter 2024 amounted to EUR 51.4 million (1–3/2023: EUR 72.2 million). Year-on-year the revenue decreased 29.3%, as expected.
Schweizer Electronic: Business Development in Q1 2024
05/08/2024 | Schweizer Electronic AGThe sales of the SCHWEIZER Group amounted to EUR 39.2 million in the first quarter of 2024 (Q1 2023: EUR 37.1 million). This corresponds to an increase of +5.5 percent compared to the same quarter of the previous year.
Key Tronic Announces Results for Q3 of Fiscal Year 2024
05/08/2024 | Globe NewswireFor the third quarter of fiscal year 2024, Key Tronic reported total revenue of $140.5 million, compared to $164.6 million in the same period of fiscal year 2023.
Fabrinet Announces Q3 Fiscal Year 2024 Financial Results
05/07/2024 | FabrinetFabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its third fiscal quarter ended March 29, 2024.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.