LPKF Laser & Electronics SE Reports Strong Start to 2024 Despite Mixed Results

On April 25, 2024, LPKF Laser & Electronics SE announced a promising start to their 2024 financial year, achieving first-quarter revenue of EUR 25.4 million, a 26% increase from the same period last year. The German-based company, a leading provider of laser-based solutions, also reported an adjusted EBIT of EUR -4.3 million, marginally better than the projected EUR -6 to -3 million range.

Despite the positive revenue growth, LPKF experienced a decrease in incoming orders compared to the previous year, with Q1 2024 orders totaling EUR 33.2 million against EUR 39.6 million in Q1 2023. This shortfall was attributed to delays in customer projects, impacting the ability to book orders as initially planned.

The company also highlighted significant developments, including a partnership with a major Korean semiconductor manufacturer and securing a substantial EUR 15 million order in the photovoltaic sector. Additionally, the launch of the CellShepherd® in their ARRALYZE division is expected to enhance single cell-based analysis in biomedicine.

Looking ahead, LPKF's Management Board remains focused on converting a strong pipeline of opportunities into meaningful orders and revenue. They forecast Q2 adjusted EBIT to be between EUR -3 and 2 million, with expected full-year revenue in the range of EUR 130 - 140 million and an adjusted EBIT margin of 4% to 8%.