LPKF adjusts Q3 guidance due to logistics bottlenecks
Due to delays caused by current bottlenecks in global outbound logistics to China and a customer project delay in China, LPKF Laser & Electronics AG concluded, that systems produced and ready for delivery worth approximately EUR 7 million will likely not be shipped before month end.
Therefore, they are not expected to be recognized as revenue in the third quarter but will shift to the beginning of the fourth quarter of 2021. Based on that, the Management Board now expects revenue of EUR 23 - 28 million (previously: EUR 30 - 35 million) and EBIT of EUR 0 - 3 million (previously: EUR 3 - 7 million) for the third quarter 2021. The incoming orders and orders on hand across the company continue to grow and remain very healthy. The guidance for the full year 2021 remains unchanged given the current visibility. The medium-term outlook is unaffected.