March 22, 2017 / 7:07 AM / 4 months ago

BRIEF-LPKF FY 2016 revenue up at 91 mln euros

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March 22 (Reuters) - LPKF:

* Closed 2016 financial year with revenue of 91 million euros ($98.39 million)(+4.4% year-on-year) and earnings before interest and taxes (EBIT) of eur -6.8 million

* Q4 of 2016 was particularly strong, with revenue of 30 million euros and adjusted EBIT of 3 million euros

* In following years, company intends to increase its revenue further

* Is aiming to generate EBIT margins of at least 10% again in medium term

* Incoming orders amounted to 106 million euros in 2016, which also represented an increase on previous year (+28%)

* Is forecasting revenue of 92-100 million euros and an EBIT margin of between 1% and 5% for current financial year Source text for Eikon: Further company coverage: ($1 = 0.9249 euros) (Gdynia Newsroom)

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