May 11, 2017 / 6:12 AM / 2 months ago

BRIEF-LPKF Laser Q1 revenue up by 65 percent at 24.5 million euros

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May 11 (Reuters) - LPKF LASER & ELECTRONICS AG:

* Starts 2017 With Major Orders

* REVENUE FOR FIRST THREE MONTHS AMOUNTED TO EUR 24.5 MILLION, UP 65% ON SAME PERIOD OF PREVIOUS YEAR AND SIGNIFICANTLY AHEAD OF EXPECTATIONS

* Is Confirming Its Forecast for 2017 Financial Year

* ANTICIPATES REVENUE OF BETWEEN EUR 92 MILLION AND EUR 100 MILLION AND AN EBIT MARGIN OF BETWEEN 1% AND 5% FOR 2017

* REVENUE IS EXPECTED TO CONTINUE TO GROW IN SUBSEQUENT YEARS. LPKF INTENDS TO RETURN TO GENERATING EBIT MARGINS OF AT LEAST 10% IN MEDIUM TERM

* Q1 OPERATING INCOME (EBIT) WAS POSITIVE AT EUR 0.1 MILLION, THEREBY EXCEEDING PRIOR-YEAR FIGURE AND COMPANY'S EXPACTATIONS BY SOME DISTANCE

* Q1 INCOMING ORDERS AND ORDERS ON HAND WERE UP 52% AND 83% RESPECTIVELY YEAR-ON-YEAR

Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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