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LPKF corrects Q3 guidance based on sales shifted to the fourth quarter due to logistics bottlenecks

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LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Forecast
LPKF corrects Q3 guidance based on sales shifted to the fourth quarter due to logistics bottlenecks

24-Sep-2021 / 18:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Garbsen, 24.09.2021 - Due to delays caused by current bottlenecks in global outbound logistics to China and a customer project delay in China, LPKF Laser & Electronics AG concluded in a status meeting today, that solar systems produced and ready for delivery worth approximately EUR 5 million and other systems worth approximately EUR 2 million will likely not be shipped before month end. Therefore, they are not expected to be recognized as revenue in the third quarter but will shift to the beginning of the fourth quarter of 2021.

Based on that, the Management Board now expects revenue of EUR 23 - 28 million (previously: EUR 30 - 35 million) and EBIT of EUR 0 - 3 million (previously: EUR 3 - 7 million) for the third quarter 2021.

The incoming orders and orders on hand across the company continue to grow and remain very healthy. The guidance for the full year 2021 remains unchanged given the current visibility. The medium-term outlook is unaffected.

The shares of LPKF Laser & Electronics AG are listed on the SDAX of the Frankfurt Stock Exchange (ETR:LPK, ISIN: 0006450000).



Contact:
Bettina Schäfer, Department Manager Group Communication & Investor Relations

24-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

LPKF Laser & Electronics Aktiengesellschaft

Osteriede 7

30827 Garbsen

Germany

Phone:

+49 (0) 5131 7095-0

Fax:

+49 (0) 5131 7095-95

E-mail:

investorrelations@lpkf.com

Internet:

www.lpkf.com

ISIN:

DE0006450000

WKN:

645000

Indices:

SDAX, TecDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1235938


 

End of Announcement

DGAP News Service

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