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News Release from: Rofin-Baasel UK
Edited by the Manufacturingtalk Editorial
Team on 28 November 2003
Laser manufacturer does well in a
difficult time
Rofin-Sinar Technologies reported record highs in sales and net income for the fourth quarter and fiscal year 2003, in spite of a 'still fairly difficult business environment'.
Rofin-Sinar Technologies, one of the world's leading developers and manufacturers of high-performance laser beam sources and laser-based solutions, recently announced results for its fourth quarter and fiscal year 2003, which ended September 30, 2003 Dr.Peter Wirth, Chairman of the Board and CEO, commented, "We are proud to report record highs in sales and net income for the fourth quarter and fiscal year 2003
This article was originally published on Manufacturingtalk on 30 Apr 2004 at 8.00am (UK)
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This success confirms our overall global business strategy regarding markets and technology in a still fairly difficult business environment." Financial review - twelve months - for the twelve months ended September 30, 2003, net sales totalled $257.7 million, which is 16.1% above the fiscal 2002 level.
Gross profit for the period amounted to $96.3 million (37.4% of net sales), up $17.5 million from $78.8 million (35.5% of net sales) in fiscal 2002.
Net income in fiscal 2003 increased by 206% to $15.3 million.
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The weakening of the US-Dollar against the Euro had the effect of increasing net sales by $28.2 million in fiscal 2003 and decreasing net income by $1.2 million.
Net sales of macro laser products increased by 16.5% to $136.7 million, while net sales of lasers for marking and micro applications increased by 15.7% to $121.0 million.
On a geographical basis, Rofin's net sales in North America in fiscal 2003 decreased by 9.5% and totalled $53.2 million, compared to $58.8 million in fiscal 2002.
In Europe/Asia, net sales increased by 25.4% to $204.5 million, from $163.1 million in the year ago period.
Outlook - "Given our strong backlog of $59.0 million, we are well prepared for the start of our new fiscal year," Dr.Wirth continued.
"We had a record order intake of $71.1 million in the fourth quarter and we experienced a substantial increase in orders for marking and micro applications.
We believe this is the first positive sign of a recovery in the semiconductor and electronics industry in the months to come." With operational headquarters in Plymouth, Michigan, USA, and Hamburg, Germany, Rofin-Sinar Technologies designs, develops, engineers and manufactures laser sources and laser-based system solutions for a wide range of applications.
With production facilities in the US, Germany, UK, Singapore and Japan, Rofin-Sinar is one of the world's leading designers and manufacturers of industrial lasers and currently has more than 16,000 laser units installed worldwide and serves more than 2,500 customers.
Serving customers in the UK and the Republic of Ireland, Rofin-Baasel UK is the local centre for sales, service, parts, applications support and training for the Rofin group.
At our Daventry office, created in 2000, after merging the UK offices of Rofin-Sinar and Baasel Lasertech, we have grown to 25 employees including 14 experienced laser service engineers.
Our training centre and applications facilities are equipped to reflect the requirements of our growing customer base. Request free introductory details about products from Rofin-Baasel UK ...
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