LPKF Laser & Electronics AG
OTC:LPKFF
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LPKF Laser & Electronics AG
LPKF Laser & Electronics AG engages in the provision of laser-based solutions for the technology industry. The company is headquartered in Garbsen, Niedersachsen and currently employs 746 full-time employees. Its products are aimed at customers in the automotive, electronics, telecommunications and solar sectors. The Group is active in the following segments: Rapid Prototyping offers solutions for the in-house prototyping and assembly of various PCBs without the use of chemicals; Cutting and Structuring Lasers division supplies laser systems and process expertise for the production of interconnect devices; Joining Technologies segment sells laser systems for welding plastic components; Thin-film Technologies segment is involved with the development and production of laser systems for scribing thin-film solar panels and other segments include production services. In December 2013, the Company acquired shares in its Slovenia-based subsidiary, LPKF Laser & Elektronika doo, thus holding 100% of the shares in all of its subsidiaries.
LPKF Laser & Electronics AG engages in the provision of laser-based solutions for the technology industry. The company is headquartered in Garbsen, Niedersachsen and currently employs 746 full-time employees. Its products are aimed at customers in the automotive, electronics, telecommunications and solar sectors. The Group is active in the following segments: Rapid Prototyping offers solutions for the in-house prototyping and assembly of various PCBs without the use of chemicals; Cutting and Structuring Lasers division supplies laser systems and process expertise for the production of interconnect devices; Joining Technologies segment sells laser systems for welding plastic components; Thin-film Technologies segment is involved with the development and production of laser systems for scribing thin-film solar panels and other segments include production services. In December 2013, the Company acquired shares in its Slovenia-based subsidiary, LPKF Laser & Elektronika doo, thus holding 100% of the shares in all of its subsidiaries.
Solid Start: LPKF delivered stable Q1 revenue, on track with internal plans, and saw profitability improve due to cost-saving measures implemented last year.
Order Book: A major solar order shipped in 2024 led to a lower backlog YoY, but order intake in other segments met expectations; Welding saw a strong order recovery after a weak 2024.
Segment Performance: Electronics and Solar performed well, while Welding is set for growth in Q2/Q3 thanks to new consumer electronics orders; Solar investment in China remains low.
Cost Focus: Ongoing cost reduction and efficiency programs are lowering breakeven and driving improved EBIT; further savings and improved cash flow expected in the coming quarters.
Guidance Maintained: Full-year 2025 guidance was reiterated, though Q2 guidance range is wider than usual due to tariff-related market uncertainty.
Strategic Growth: Progress continues in LIDE (display and advanced packaging); market penetration is underway with new customers, and management is optimistic about further orders in 2025.
Tariff & FX Impact: US tariffs have been actively managed so far but are causing some customer caution; FX planning assumes EUR/USD at 1.10, and a stronger dollar would be more favorable.
