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• Revenue: Overall stable revenue, with growth in solar and semiconductor segments offsetting downturns in other areas.

• EBIT: Adjusted EBIT achieved break-even; significant one-time costs for structural changes impacted results.

• Free Cash Flow: Positive free cash flow achieved through working capital optimizations.

• Net Cash Position: Approximately 1 million in net cash.

• Order Intake: Slightly below last year, mainly due to delayed solar orders from China.

• Employee Count: Significant reduction in full-time equivalents (FTEs) due to staffing changes.

• Welding Segment: Significant revenue decline due to automotive industry slowdown; strong negative EBIT effect.

• Solar Segment: Strong performance with operational efficiency measures showing full effect.

• Prototyping Segment: Revenue decline driven by reduced CapEx; slightly positive EBIT.

• Electronics Segment: Strong growth in semiconductor packaging; significant improvements in EBIT.

• Warning! GuruFocus has detected 4 Warning Signs with XTER:LPK.

Release Date: March 27, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive 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.

Negative Points

• 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.