GARBSEN, GERMANY – LPKF said it surpassed its revenue forecast for 2011 with consolidated revenue up 12% year-over-year to EUR 91.1 million.

EBIT of EUR 15.2 million was down 12% compared to 2010.

The firm, which makes lasers for drilling and cutting printed circuit boards and surface mount stencils, had record order of EUR 25.2 million.

In 2011, LPKF invested in staff, research and development, IT and new facilities, including EUR 14.9 million on fixed assets. The number of employees increased to 602 from 466, the firm says.

The laser systems producer expects to post revenue between EUR 100 million and EUR 105 million in 2012. Revenue growth is planned for all segments.

Given a stable economic environment in both 2013 and 2014, the company expects revenue to grow approximately 10% per year.

EUR 1 = US$1.3335