LPKF Laser & Electronics raises forecast
Garbsen, Germany – LPKF Laser & Electronics AG, manufacturer of machines and laser systems, has raised its forecast for sales and profits for the current financial year. The new forecast shows sales of at least $79.2 million versus $67.3 million in the previous year. The EBIT margin is expected to remain on a level of at least 14%.
The forecast has been upgraded against the background of the strong increase in orders for LPKF’s cutting and structuring lasers segment. Following the continued growth in 1Q10 for laser direct structuring (LDS) systems, LPKF received another major order on April 27, 2010, for LDS systems totaling around $6.6 million. Further details are being kept confidential in agreement with the client.
The company manufactures machines and laser systems used in the production of electronics, medical technology, automotive technology, and solar cells. LPKF's worldwide headquarters is located in Garbsen, Germany, with North American headquarters in Tualatin, Oregon.
More information is available at www.lpkfusa.com.