LPKF Downgrades Annual Revenue Forecast
TUALATIN, OR – LPKF Laser & Electronics has downgraded its earnings forecast for the current financial year, citing weaker-than-expected orders.
The OEM now anticipates revenue in the range of EUR 120 million to EUR 125 million. The firm’s revenue forecast was previously EUR 132 million to EUR 140 million.
LPKF also lowered its EBIT margin to 10% to 12%, from previously guidance of 15% to 17%.
The firm reduced its outlook as a result of unexpected weak orders in recent weeks. LPKF believes customer restraint is mainly attributable to faltering global growth and the slowdown in the electronics industry in particular. Laser direct structuring projects have been deferred and now can no longer be completed by the end of the year.
However, management anticipates further profitable growth in the coming years. All trends in electronics production point toward increased use of high-precision laser technology, LPKF says.
Ed.: Euro 1 = US$1.2648
