GARBSEN, GERMANY -- LPKF reported 2013 revenue rose 13% year-over-year to EUR 129.7 million, while earnings before interest and taxes jumped 14% to EUR 23.2 million.

EBIT margin was 17.9%, the company said, on strong demand for laser direct structuring (LDS) systems, particularly from South Korea.

"Almost all of the leading smartphone manufacturers worldwide now use LDS technology made in Lower Saxony,” said Dr. Ingo Bretthauer, chief executive of LPKF. Rapid prototyping and plastic welding also performed well and contributed to revenue growth.

Solar revenue declined as a major order placed in 2011 was completed according to schedule. A new order worth EUR 15 million received in the first quarter of 2014 is a positive sign, the firm said.

Backlogs at year’s end were EUR 17.7 million, down from the prior-year figure of EUR 34.3 million.

The company guided for 2014 revenue of EUR 132 million to EUR 140 million and EBIT margin of 15 to 17%.

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