GARBSEN, GERMANY – LPKF Laser & Electronics saw revenue of EUR124.3 million ($135 million) in 2023, up 0.5% from its previous financial year.

The company said its core business, laser systems for printed circuit board depaneling, fared very well for the year, with its annual targets achieved and further growth expected.

"We have made significant progress with our integration in the semiconductor market and entered the biotech market for the first time with a new product. In the Electronics segment, we also massively stepped up our market penetration for the high-precision depaneling of printed circuit boards,” said CEO Klaus Fiedler.

LPKF expects revenue between EUR130 million and EUR140 million ($141.3 million and $152.1 million) for the 2024 financial year.