euro adhoc: LPKF Laser & Electronics AG / Quarterly or Semiannual Financial Statements / LPKF Laser & Electronics AG - figures 3rd quarter (E)

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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LPKF Laser & Electronics AG generated the following result after the
first nine months:
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2002 (9 months) 2001 (9 months) Change in %

Consolidated sales KEUR 18,266 KEUR 16,278 12.2%
Return on sales 4.5% 5.0%
EBIT KEUR 1,623 KEUR 1,685 -2.2%
EBIT margin 8.9% 10.4%
EPS (diluted) EUR 0.08 EUR 0.07
Cash and cash KEUR 4,768 KEUR 1,101 333%
equivalents

The current orders in hand of LPKF Laser & Electronics AG is EUR 5.8
million (EUR 1.0 million), up 480% year-on-year.

2002 (Q3) 2001 (Q3) Change in %

Consolidated sales KEUR 5,396 KEUR 4,483 20.4%
EBIT KEUR -61 KEUR -101 39.6%
EPS (diluted) EUR -0.02 EUR -0.01

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Notes on the 9 months/Q3 results
The positive 9 months result is attributable to the successful sales
of laser cutting and drilling systems. There is still no revival in
demand in the Rapid Prototyping and Stencils segments, and the
figures here are still down on the previous year.
The third quarter is seasonally the period with the weakest sales and
led to a negative result in 2002. This is solely attributable to a
strong decline in turnover in the USA.

Revised outlook for 2002
Although customers continue to delay their investment decisions,
there is still an unbroken interest in LPKF products as reflected in
the high level of orders in hand. In the MicroLine Laser segment
alone, orders on hand total around EUR 3 million - most of these
orders will be delivered in 2003. Despite a very good start to the
fourth quarter, the cautious investment approach and the delay in the
recovery of the electronics market mean that the sales and profits
targets for the 2002 financial year will not be achieved. It now
appears that sales of approx. EUR 25 million can be achieved. We are
confident of generating a good result in 2002 with figures clearly in
the black. Our target is still to pay the shareholders a dividend.

Outlook 2003
In the 2003 financial year, LPKF Laser & Electronics AG intends to
market new significant product innovations responding directly to the
continued weakness of the electronics and printed circuit board
markets. The US-business will be strengthened by introducing new
strategies.

Events after the reporting date
After completing the third quarter, LPKF Laser & Electronics AG
exercised its option of increasing its stake in Laserquipment AG from
19.99% to 51%.
Personnel has been reduced at the Belgian branch LPKF Franklin N.V.
in response to the weak turnover.

More information is available at www.lpkf.de.
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Further inquiry note:
Ulrike Thoms-von Meding
Tel.: +49(0)5131 7095 382
[email protected]
Tel: +49(0)5131 7095 382
FAX: +49(0)5131 7095 90
Email: [email protected]

end of announcement euro adhoc 22.11.2002
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Emittent: LPKF Laser & Electronics AG
Osteriede 7
DE-30827 Garbsen
Tel: +49(0)5131 7095 382
FAX: +49(0)5131 7095 90
Email: [email protected]
WWW: http://www.lpkf.de
ISIN: DE0006450000
WKN: 645000
Indizes:
Börsen: free trade Baden-Württembergische Wertpapierbörse,
Bayerische Börse, Berliner Wertpapierbörse, Börse Düsseldorf, Bremer
Wertpapierbörse (BWB), Hamburger Wertpapierbörse, Niedersächsische
Börse zu Hannover; Neuer Markt Frankfurter Wertpapierbörse
Branche: Semiconductors & active components
Sprache: Englisch

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