LPKF Laser & Electronics SE
LPK
ISIN DE0006450000 / Valor 967495
LPKF Laser & Electronics SE
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About company
LPKF Laser & Electronics SE, headquartered in Garbsen near Hannover, Germany, is a leading global technology company specializing in laser technology, precision mechanics, and software. Founded in 1976, LPKF has established itself as a pioneer in providing laser-based solutions for the electronics, automotive, solar energy, and pharmaceutical industries, among others. The company's laser systems play a crucial role in the development and manufacturing of printed circuit boards, microchips, automotive parts, solar modules, and precision glass components, enabling customers to produce smaller, more precise parts while enhancing functionality and design possibilities. With a presence in over 70 countries, 11 subsidiaries across Europe, Asia, and North America, and approximately 750 employees worldwide, LPKF continues to invest in innovative processes to open new growth markets and maintain its competitive edge. The company's shares are listed on the Prime Standard of the Deutsche Börse.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (24.12.2025):
LPKF Laser & Electronics SE — results for Q2 2025 (covering H1 2025). In Q2 2025 the Group reported continued improvement: H1 revenue rose to EUR 59.2m (+7.2% YoY) with Q2 revenue EUR 33.8m (+13.4% YoY). Profitability improved materially — adjusted EBIT for H1 was almost break‑even at EUR -0.7m and Q2 adjusted EBIT was a positive EUR 2.8m — supported by intensified cost‑cutting. Order intake and backlog weakened, cash fell and free cash flow was negative, but the company confirmed its 2025 guidance of EUR 125–140m revenue and an adjusted EBIT margin of 6–9%.
Key financials (H1 2025)
Revenue EUR 59.2m (H1 2024: EUR 55.2m). EBIT EUR -1.7m; adjusted EBIT EUR -0.7m. EPS (diluted) H1 EUR -0.12. Free cash flow approx. EUR -9.4m. Cash and cash equivalents EUR 3.5m. Equity ratio 67.7%.
Q2 2025 snapshot
Q2 revenue EUR 33.8m (Q2 2024: EUR 29.8m). Q2 EBIT EUR 2.2m; Q2 adjusted EBIT EUR 2.8m. Q2 diluted EPS EUR 0.06. Management states Q2 results were at the upper end of their forecast range.
Orders and backlog
Order intake H1 EUR 43.0m (H1 2024: EUR 61.1m). Orders on hand/backlog as of 30 June 2025 EUR 34.8m (down ~47% YoY). Management attributes weakness to investment restraint and geopolitical/tariff uncertainty.
Segment trends
Welding: strong growth and positive adjusted EBIT contribution. Development: revenue growth and improved orders (noting some US order timing uncertainty). Electronics and Solar: softer — Solar in China particularly challenged by local low‑cost solutions and shifts toward perovskite. LIDE / semiconductor-related activity shows continued technological momentum.
Profitability & cost measures
Company highlights that cost‑cutting and efficiency measures have materially lowered the break‑even point. Adjusted EBIT swung from EUR -5.1m (H1 2024) to EUR -0.7m (H1 2025), showing operational leverage from the measures taken.
Cash, liquidity and balance sheet
Cash down to EUR 3.5m at 30 June 2025. Operating cash flow H1 EUR -6.0m; investing outflow ~EUR 3.4m yielding free cash flow ~EUR -9.4m. Net working capital increased to EUR 43.2m. Group has a syndicated credit line (cash credit up to EUR 15.5m and EUR 7.5m guarantee facility) to support liquidity.
Outlook and guidance
Company reaffirms 2025 guidance: consolidated revenue EUR 125–140m and adjusted EBIT margin 6–9% (adjusted EBIT EUR 8–12m). Q3 2025 guidance: revenue EUR 22–28m and adjusted EBIT EUR -3.5m to 0.5m. Medium‑term ambition: mid/high single‑digit growth in core business and double‑digit Group EBIT margin when scaled.
Risks highlighted
Main risk is geopolitical/tariff uncertainty (notably potential US tariffs) that is already depressing investment decisions and order intake. Management says no current existential risk but expects continuing volatility and is actively managing cash and working capital.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
156 M
Market cap (USD)
42,567
Daily traded volume (Shares)
9.38 / 9.1
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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