on LPKF Laser & Electronics AG (isin : DE0006450000)
LPKF Adjusts Revenue and Earnings Forecast for 2024
LPKF Laser & Electronics SE has revised its revenue and earnings outlook for 2024. The company is encountering ongoing challenges in the European automotive sector, leading to deferred customer investments and delivery delays. This affects orders worth EUR 5-7 million, shifting expected shipments to early 2025.
As a result, LPKF predicts consolidated revenue between EUR 118-123 million for 2024, down from an anticipated EUR 125-130 million. The company now projects to break even on an adjusted EBIT margin basis, adjusted from an earlier forecast of 3.5-6.5%.
Despite these challenges, LPKF continues to see strong demand in its LIDE segment, with expectations to double its 2024 sales year-on-year. The company remains optimistic about the mid-term growth in this area due to its patented technology.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all LPKF Laser & Electronics AG news