Q4 2024 LPKF Laser & Electronics SE Earnings Call Transcript
Key Points
- LPKF Laser & Electronics SE (XTER:LPK) experienced strong growth in its solar business unit, with excellent operational execution and a positive bottom line.
- The company received its first mass production order in the display sector, indicating strong positioning in the semiconductor market.
- LPKF's strategic growth fields, particularly in semiconductor packaging related to light, showed significant growth, almost doubling in 2024 compared to 2023.
- The company implemented cost reduction measures in the second half of 2024, leading to a better fixed cost structure and positive impact on the bottom line for 2025.
- LPKF maintained a strong market share in electronics and prototyping, with positive developments in order entry in the second half of 2024.
- LPKF Laser & Electronics SE (XTER:LPK) faced headwinds in several product lines, particularly in welding and prototyping, leading to a downturn in revenue.
- The automotive market, a significant part of the welding business unit, was very slow in 2024 and is expected to remain slow in 2025.
- The company had to take one-time costs for structural changes, impacting the overall EBIT, which was only at break-even.
- Incoming orders were slightly below the previous year, mainly due to delays in solar orders from China.
- The prototyping sector experienced a decline in revenue due to reduced CapEx appetite among customers, affecting overall profitability.
Hello everybody and welcome to our conference call for the financial year 2024. My name is Bettina Schafer. I'm head of investor relations at LPKF and your host today for this call.
For the first part of the call, all participants have been placed on a listen-only mode, and afterwards there will be a Q&A session. The conference will be recorded and published for a period of 2 weeks on our website.
Our CEO Klaus Fiedler will now give you an overview of our business development in 2024, and as always before we start, I would like to point out that any forward-looking statements in today's presentation are based on information currently available. These forward-looking statements are not to be understood as guarantees of future performance and results.
Ladies and gentlemen, I now hand over to Klaus Fiedler. Please go ahead, Klaus.
Thank you very
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