LPKF SE Reports Mixed Performance in 2024's Third Quarter

LPKF Laser & Electronics SE has published its financial results for the first nine months of 2024, displaying a robust demand for its LIDE technology amid challenges in the automotive sector. The megatrend of AI and changes in the semiconductor market have driven strong interest in LIDE products. However, the company faces a downturn in the automotive industry, prompting a revision of its full-year guidance.

Sales reached EUR 82.5 million, a slight rise from the previous year, yet adjusted EBIT was EUR -5.6 million. Incoming orders declined by 10.5% to EUR 84.1 million. Efforts to enhance efficiency and reduce costs are underway, potentially saving EUR 5 - 7 million annually.

LPKF remains optimistic about the long-term prospects of LIDE technology, despite short-term hurdles such as economic weakness and investment volatility in crucial markets like automotive. The company aims to achieve a double-digit EBIT margin by leveraging LIDE advancements. Plans are set to slightly lower the expected 2024 revenue, targeting EUR 125 - 130 million.