GARBSEN, GERMANY – LPKF reported second-quarter sales rose 11% year-over-year to €12.4 million, and EBIT doubled to €1.6 million. 

Earnings were boosted by higher sales, product mix and cost savings.

Bookings as of June 30 were €23.2 million, down 3.7% from last year’s record level. The Cutting & Structuring Laser segment grew, while other segments either were down or unchanged from last year.

First-half sales rose 15% year-on-year to €22.5 million. Earnings shot up 460% to €2.8 million. The EBIT margin was 12%.

In a press release, LPKF said first-half performance overall exceeded expectations, and the company expects 2009 sales to match last year. 

Ed.: 1 EUR = 1.42381 USD