TUALATIN, OR – LPKF Laser & Electronics has downgraded its forecast for 2015, now anticipating revenue in the range of EUR 90 million to EUR 110 million.

The firm previously expected EUR 128 million to EUR 136 million.

Order intake in the laser direct structuring business has been significantly lower than expected, which continued in the second quarter.

The weak LDS business stems from surplus capacity at antenna manufacturers that arose as a consequence of the strong sales of LDS systems in the years 2010 to 2013, says LPKF.

Nevertheless, the firm believes the demand for new LDS systems will pick up again in the medium term. The company expects entirely new antenna technologies and applications outside of smartphone antennas will provide new momentum.

Despite the current weakness of the LDS business, the management board anticipates profitable growth in the coming years.

The forecast for 2016 and subsequent years is being reviewed and will be published on Nov. 11.

Ed.: EUR 1 = US$ 1.1048

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