German laser manufacturer LPKF Laser's revenue in the first three quarters was 8

On October 27, LPKF Laser, a leading supplier of innovative laser solutions in Germany, released its financial report for the third quarter of 2022 as of September 30.

(Image source: LPKF Laser)

he financial report shows that LPKF Laser achieved a group revenue of 86.8 million euros in the first three quarters, up 44% year on year. After a loss of 5.2 million euros in the previous year, the company made a profit before interest and tax of 2.5 million euros in the quarter. Among them, the electronic business achieved a revenue of 21.8 million euros, up 6.3% year on year; The development business achieved a revenue of 19.8 million euros, a sharp increase of 32% year on year; The welding business achieved a revenue of 16.3 million euros, down 9.4% year on year; The revenue of solar PV business reached 28.9 million euros, an increase of more than 100% year on year.

(Photo source: LPKF Laser financial report)

In the third quarter alone, the revenue of LPKF Laser in this quarter increased by 31% year on year to 31.3 million euros, slightly higher than expected. Earnings before interest and taxes (EBIT) was € 800000, at the top of the guidance range.

In terms of orders, the order amount of LPKF Laser in the first three quarters was 73.1 million euros (the whole year of 2021: 89.6 million euros). However, this amount does not include any major project orders from the solar sector. As of September 30, 2022, the company's orders in hand were 48.8 million euros, of which about 30 million euros will be delivered in the current fiscal year.

High level evaluation

Christian Witt, chief financial officer of LPKF Laser, said: "Despite the challenges in the surrounding environment, we still achieved our performance goals in the first three quarters and maintained confidence in the outlook forecast for fiscal year 2022. We eased the supply chain disruption to a large extent and ensured delivery to customers as planned. We are ready to continue this path."

Despite the severe macroeconomic environment, LPKF Laser has made a lot of progress in business and company development. In June this year, LPKF Laser introduced the laser transfer printing (LTP) technology at Glasstec, a glass industry exhibition in Dusseldorf, Germany, in 2022. LTP is a digital printing solution of ceramic ink, which can transfer color to flat glass with unprecedented accuracy. In addition, the Tensor ultra fast beam guidance technology launched this year has successfully won a large number of orders, and the delivery of the first batch of LIDE display panel solutions has also started.

Dr. Klaus Fiedler commented: "I am glad that we can continue to maintain a positive momentum of development and gain good market appeal with our own technology and solutions. This is in many of our core business areas and our current growth areas (LIDE and ARRALYZE) Both are obvious. With stronger customer focus and continuous cooperation, we are gradually entering the field of mass application and making progress. "

It is reported that the first batch of ARRALYZE systems will be delivered to three beta test customers in the fourth quarter of this year as planned. In addition, ARRALYZE has been able to provide funding for research on innovative medical technologies, which is part of the consortium of research projects of the German Federal Ministry of Education and Research on the prevention and care of epidemic infections.

Performance Outlook

In the context of the current political and economic environment, LPKF Laser's ability to plan and predict business development is obviously limited. The Board of Directors of the Group lowered its expectation for the whole year of 2022. It is estimated that the Group's revenue will be EUR 117 million - EUR 127 million, and the profit margin before interest and tax will be 2% - 7%.

In the latest financial report call, LPKF Laser reiterated the market potential of its technology and maintained confidence in the growth prospects of its existing core businesses and new business plans LIDE and ARRALYZE. In the medium term, LPKF Laser aims to achieve attractive growth in its core businesses, drive new businesses to achieve a million euros revenue, and achieve double-digit EBIT margins.

About LPKF Laser

Founded in 1976, LPKF Laser is a leading supplier dedicated to developing innovative Laser solutions. The company was listed in Frankfurt in 1998 and is now one of the German high-tech SDAX － 150 index companies. LPKF Laser has successfully developed special technologies and equipment for the electronic industry, semiconductor industry, solar photovoltaic industry, medical industry and automobile industry. LPKF laser systems play a crucial role in the process manufacturing of printed circuit boards, microchips, automobile parts, solar panels and many other parts. LPKF Laser is headquartered in Garbsen near Hanover, Germany, and its subsidiaries and representative offices are active around the world.

Founded in 2000, LepCo (Tianjin) Optoelectronics Co., Ltd. is a wholly-owned subsidiary of LPKF Group in China, responsible for sales, after-sales technical support, pre-sales research and application of LPKF equipment, and providing reasonable solutions to Chinese customers. It includes: rapid sample PCB manufacturing technology and equipment, SMD stencil leakage laser cutting system, laser plate dividing system, 3D MID laser direct forming system, laser plastic welding system, thin glass processing system, and non silicon thin film solar cell laser processing system.

Source: OFweek