EANS-Adhoc: LPKF Laser & Electronics AG / LPKF closes 2008 with 8 % growth in turnover

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annual report

26.03.2009

AD HOC ANNOUNCEMENT AS PER SECTION 15 WPHG

LPKF closes 2008 with 8 % growth in turnover

Company performance

The LPKF Group boosted its turnover in the last financial year by 7.6
% to EUR 45.4 million. The EBIT margin of 6.8 % lay within the
forecast range communicated in August 2008. Special items totalling
EUR 0.6 million from the devaluation of inventories, mainly because
of various product changes and the introduction of new products, and
other special items totalling EUR 0.2 million have depressed
earnings. Adjusted for these one-time expenses, the EBIT margin is
8.5 %.

With a turnover of EUR 13.8 million (previous year: EUR 14.5 million)
and an EBIT adjusted for special items of EUR 1.8 million (previous
year: EUR 2.1 million) the fourth quarter was the strongest quarter
in the 2008 financial year.

The growth in turnover was generated by systems for plastic welding
and for scribing solar panels. The Stencil, MID and PCB Processing
segments failed to perform according to forecast for the 2008
financial year as a whole. However, the MID and PCB Processing
divisions enjoyed a considerable increase in business in the fourth
quarter.

As an export-oriented company, LPKF has been strongly hit by the
current economic situation. The good order position overall at the
end of the year indicates however that innovative technologies are in
demand even in difficult economic phases.

Financial ratios at a glance for the 2008 financial year

| |2008 |2007 |Change |
|in million EUR | | | |
|Turnover |45.4 |42.2 |+ 7.6 % |
|Net margin (%) |4.0 |9.2 | |
|EBIT |3.1 |6.0 |- 48.3 % |
|EBIT margin (%) |6.8 |14.2 | |
|Net income after | | | |
|minority interests |1.8 |3.9 |- 53.2 % |
|ROCE (%) |7.4 |15.4 | |
|EPS (EUR) |0.17 |0.36 |- 52.8 % |
|Cash and cash |6.0 |3.0 |+ 97.4 % |
|equivalents | | | |
|Capital ratio (%) |68.1 |69.3 | |
|Orders in hand of Group| | | |
|per 31.12. |10.3 |7.6 |+ 35.8 % |
|Orders received by | | | |
|Group per 31.12. |48.1 |43.2 |+ 11.6 % |

Outlook 2009

It is currently extremely difficult to make reliable forecasts. The current
target set by the management is for the Group to generate about the same
turnover in 2009 as in the previous financial year. Earnings could improve
mainly due to the absence of one-time expenses and cost savings. A range of
negative scenarios have been calculated in the event that the economic crisis
in 2009 has an even stronger effect on the markets relevant to LPKF. They
indicate that even if turnover were to fall by as much as 25 %, the company
could still generate a balanced result. The development of business in the
first months though corresponds to that of the previous year.

Because of the decline in earnings and the uncertainties about the overall
economic situation in future, the Board of Managing Directors and the
Supervisory Board will make a proposal at the annual general meeting on 4 June
2009 not to pay a dividend, and to carry forward the net income of LPKF Laser &
Electronics AG for the 2008 financial year.

LPKF Laser & Electronics AG shares are quoted on the Prime Standard of the
Frankfurt Stock Exchange (ISIN 0006450000).

end of announcement euro adhoc
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ots Originaltext: LPKF Laser & Electronics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Bettina Schäfer

Tel.: +49 (0)5131 7095 382

b.schaefer@lpkf.de

Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade