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News Release from: Trumpf
Edited by the Manufacturingtalk Editorial
Team on 24 October 2005
Machine tool builder reports impressive
sales
After record sales of EUR 1.4 billion last year, machine tool manufacturer and laser specialist Trumpf is expecting further sales increases for the 2005/06 fiscal year.
After record sales of EUR 1.4 billion last year, machine tool manufacturer and laser specialist TRUMPF is expecting further sales increases for the 2005/06 fiscal year The growth rate is to be about 8%, the Management Board announced at the company's annual press conference in Ditzingen, Germany
This article was originally published on Manufacturingtalk on 21 Jun 2001 at 8.00am (UK)
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Thanks to a record sales growth of 14%, the Trumpf Group closed out the 2004/05 fiscal year (July 1, 2004 to June 30, 2005) very successfully.
At the same time, orders received rose by 13% to EUR 1.47 billion.
By the end of the fiscal year, Trumpf's workforce numbered 6,049 worldwide, 3,811 in Germany and 2,238 overseas, a 4.5% increase.
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The company created 260 new jobs.
Sales from outside Germany totaled 70%, resulting in overall sales increases for the company.
Business activities in the United States have enjoyed dynamic development; sales increased by 27% to EUR 251 million.
In Asia, Trumpf recorded a sales increase of 22%, bringing sales up to EUR 209 million.
The high tech group felt a major economic upswing in western Europe (without Germany).
Eastern Europe continued to enjoy a very lively level of demand.
Together, both regions increased sales by 19% to EUR 507 million.
However, in Germany itself, company sales only rose 1/2% to EUR 422 million.
Trumpf's Machine Tool Division expands worldwide The Machine Tool Business Division accounted for 67% of sales.
It earned EUR 1.16 billion in sales which corresponds to 17% growth.
The Electronics/Medical Technology Business Division did even better than the Machine Tool Business Division, expanding 29%.
In comparison to other business divisions, the Laser Technology Business Division recorded a drop in growth this year because major orders caused fluctuations in the growth curve.
Sales dipped by 2.3% to EUR 356 million in 2004/05.
Without these major orders, it records clear growth in the course of several years.
Growth in Power Tools, the smallest of Trumpf's business divisions, surged by 23% to EUR 52 million.
Net operating margin was 10% Income before taxes was boosted dramatically by 46% to EUR 134 million, the net income shot up 71% to EUR 95 million.
The net operating margin grew to 9.6%.
The equity ratio edged up from 41.6 to 47.5%.
With an after-tax cash flow of EUR 133 million, Trumpf has sufficient liquid assets at its disposal to be able to invest heavily in the coming fiscal year.
Trumpf begins future projects During the last fiscal year, Trumpf began several expansion projects, many of which have not yet been completed.
That is why the investment volume plunged by 38% to EUR 51 million.
This year, investment volumes will almost double.
Construction activities are ongoing in Ditzingen and Freiburg, Germany, and in Liberec, The Czech Republic, and Seoul, South Korea.
Innovations are the engine of growth For the last fiscal year, Trumpf dedicated EUR 107 million for research and development, which amounts to 7.7% of sales.
Trumpf expects growth to continue in 2005/06 In light of the stable investment mood worldwide - except in Germany - the company is looking confidently toward the future and the 2005/06 fiscal year, in particular.
The Group sees the potential for growth unchanged in Asia, North America and parts of Europe.
Numerous product innovations will add up to it.
It is expected the workforce will increase again this year. Request free introductory details about products from Trumpf ...
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