LPKF, a German laser maker, saw revenue increase by 32% to EUR124 million in fiscal year 2022

LPKF Laser, a leading supplier of innovative laser solutions in Germany, on March 23 released its annual report for the 2022 fiscal year ended December 31.

According to the results, LPKF Laser & Electronics achieved consolidated revenue of €1.237 in FY2022 (FY2021: €93.6 million) and EBIT profit of €6.8 million (FY2021: €100,000).

After two difficult financial years, the technology company is back on a growth track - with group revenue up 32% year on year - despite ongoing global challenges. Despite rising raw material and logistics costs, its investment in new technologies continued to increase, but it still achieved a return on sales (EBIT margin) of 5.5 percent.

Growth in the current year is analyzed to be driven primarily by existing business segments, but also by new market segments -- increasing demand for LPKF's high-precision, clean and energy-efficient production technologies thanks to global megatrend trends such as miniaturization, connectivity, CO2 reduction and demographic changes.

In FY2022, LPKF's order book was EUR124.3 million, up 5.4% from the previous year; Backlog reached €63.1 million, an increase of 0.8% year-on-year.

(photo credit: LPKF)

Over the past year, LPKF has appointed Dr. Klaus Fiedler as the Company's Chief Executive Officer (CEO), who, together with CFO Christian Witt, has set a clear strategic agenda for the group, while the core business will always focus on growth markets, Aggressively driving the adoption of its disruptive technologies in strong growth markets such as semiconductors, displays and biotechnology.

This year has seen a lot of change in the business development of various divisions of LPKF. Christian Witt, Chief Financial Officer, commented, "While we achieved record growth in some areas of our business, others were less than satisfactory when it comes to revenue and earnings development and we have taken steps accordingly. In addition, we will drive the use of scalability and group-wide synergies to improve the profitability of the group in the medium term."

In terms of different business segments, electronic business achieved a revenue of 31.5 million euros, development business achieved a revenue of 2.82 million euros, welding business achieved a revenue of 25.6 million euros; The photovoltaic business generated revenues of 38.4 million euros, with revenues from photovoltaic systems products more than tripling. LPKF is well positioned in the thin-film solar technology market, expanding its customer base globally and winning the first major orders for the next generation technology.

(photo credit: LPKF)

By geographic region: Asia Pacific revenues were EUR 51.2 million, North America EUR 42.3 million, Europe EUR 17.7 million, Germany EUR 9.9 million and Rest of regions EUR 2.6 million.

(photo credit: LPKF)

prospect

In the latest guidance, group revenue is expected to be between €117m and €127m, with a margin before interest and tax of between 2-7%.

LPKF intends to use existing financial resources exclusively for the development and commercialization of future technologies. Accordingly, the Management Board and Supervisory Board will propose to the Annual General Meeting on May 17, 2023 that no dividend be paid for the 2022 financial year.

About LPKF Laser & Electronics SE

LPKF Laser, founded in 1976, is a leading supplier of innovative laser solutions. The company was listed in Frankfurt in 1998 and is currently one of the German high-tech SDAX-150 index companies. LPKF Laser has successfully developed specialized technologies and equipment for the electronics industry, the semiconductor industry, the solar photovoltaic industry, the medical industry, and the automotive industry. LPKF laser systems play a vital role in the process manufacturing of printed circuit boards, microchips, automotive parts, solar panels, and many other parts. LPKF Laser is headquartered in Garbsen, near Hanover, Germany, with subsidiaries and representative offices active all over the world.

Source: OFweek