LPKF Laser & Electronics SE (0ND2) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Claus Fietler and our CFO, Peter Memler. Claus and Peter will walk you through the business development for the first six months and provide an outlook for the current financial year. After that, we will open the floor for your questions in a Q and A session. The conference will be recorded and published for a period of two weeks on our website. And before we begin, please note that today's discussion may contain forward looking statements. These statements are based on current assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. We do not undertake any obligation to update these forward looking statements, except as required by law. With that, I would hand over to Claus. Thank you very much, Petina. Hello, and welcome, everybody, to our first half year results. I want to give you, of course, key summary of what happened in the first six months. We'll dive a little bit deeper into the individual businesses, but, of course, give you a deeper insight what's happening in the advanced packaging sector, where we see our positioning and what we expect as the next steps. Let's get started. First half of twenty twenty six, a challenging first half that we expected and anticipated in our planning. We had a weak core business. So the only growth sector we saw was in the electronics segment. And as expected and planned, we have a very weak year in solar because the transition to perovskite is happening, and we are in a transformation phase with welding so that burdens our revenue and earnings for the first half. One aspect of countersteering, and Peter will later give you more detail, is our NOSTA program where we reduce fixed costs, transform the organization, raise efficiencies. We are about halfway through. The second p...