LPKF Laser & Electronics AG : Adjusting estimates and target price on strong Q2 results and a 10% capital increase. Neutral maintained
>Final Q2 results in line with strong preliminaries – 2018 guidance raised - On 15 August, LPKF reported final Q2 2018 results in line with better-than-expected preliminary figures. Q2 sales came in at € 38.7m (+90.8% y-o-y) and included an exceptional of € 5m in reselling business, with little margin. The order intake increased to € 71.9m (+14.5% y-o-y) and the order backlog to € 52.1m (+14% y-o-y), suggesting further sales improvement in the coming quarters. Q2 2018...LPKF Laser & Electronics is a mechanical engineering company engaged in designing and manufacturing of laser systems. Co. operates in three segments: electronics development equipment, which involves the production and marketing of circuit board plotters; electronics production equipment, which comprises the product lines of Laser Direct Structuring, StencilLasers and Printed Circuit Board Production lasers; and other production equipment, in which Co. develops and sells laser systems for welding plastic components as well as laser systems for structuring thin film solar cells.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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