DGAP-News: LPKF Laser & Electronics Aktiengesellschaft
/ Key word(s): Miscellaneous
Garbsen, 14 February 2020 - LPKF Laser & Electronics AG shares, which are traded in the Prime Standard segment of the German Stock Exchange, will become part of small-cap index SDAX from Tuesday, 18 February 2020. This index includes 70 companies which follow the shares in the MDAX index in terms of market capitalization and trading volume.
Technology company LPKF has considerably boosted its revenue and earn-ings in the last two years and expects revenue of EUR 135 - 140 million in 2019. At the same time, LPKF expects an EBIT margin of 12 - 14% for 2019 after 5.7% in 2018. In addition, the company has significantly reduced net working capital, eliminated net debt and increased the company's net cash position to EUR 12.4 million as of Sept. 30, 2019.
"I am glad that LPKF is joining the SDAX", says Goetz M. Bendele, LPKF CEO. "This confirms the rapid and successful development of our compa-ny, which our colleagues have worked hard for. Joining the SDAX reflects both the success of our work and our shareholders' expectations that we will continue to grow profitably and successfully commercialize new tech-nologies for our customers."
CFO Christian Witt adds: "Becoming a member of SDAX together with the higher market capitalization and the increased trading volume makes our share more attractive for new investor groups worldwide." LPKF's share price almost tripled in 2019, and rose further to EUR 23.80 (closing price on 13 February 2020) during the first weeks of the current financial year. "We look forward to continuing our active capital market communication and making LPKF even better known internationally", says Witt.
LPKF Laser & Electronics AG is a leading supplier of laser-based solutions for the technol-ogy industry. LPKF laser systems are vital in the manufacture of printed circuit boards, microchips, automotive parts, solar modules and many other components. Founded in 1976, the company is headquartered in Garbsen near Hanover, Germany, and operates worldwide through subsidiaries and distributors. LPKF shares are traded in the Prime Standard segment of the German Stock Exchange (ISIN 0006450000).
Bettina Schäfer, Department Manager Group Communication & Investor Relations
14.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||LPKF Laser & Electronics Aktiengesellschaft|
|Phone:||+49 (0) 5131 7095-0|
|Fax:||+49 (0) 5131 7095-95|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||975855|
|End of News||DGAP News Service|