LPKF Posts Record Earnings in 2009
Published: 26 March 2010
by Staff
GARBSEN, GERMANY – LPKF Group posted 2009 earnings before interest and tax of $10.4 million, up 79.5% year-over-year.
Consolidated sales rose 12% to $75.4 million.
Incoming orders were $83.3 million, up 16.4% over the previous year. Orders in hand rose to $21.9 million, up 43% year-over-year. Growth was influenced by changed product mix and cost reductions, says the firm.
Compared to the same quarter the previous year, fourth-quarter earnings before tax and interest rose 67% to $3 million. Growth was attributed to the Cutting and Structuring Laser Segment.
LPKF expects 2010 growth in sales to exceed 10%, with growth potential in almost all divisions, particularly the LDS business.
