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News Release from: Trumpf
Edited by the Manufacturingtalk Editorial
Team on 20 October 2006
Machine tool builder's sales rise 18%
German manufacturer of CNC sheet metal working machine tools and systems reports a sales increase of 18%, and predicts double-digit growth rates for 2006/07.
The German machine tool manufacturer and laser specialist Trumpf ended the 2005/06 fiscal year with record sales of EUR 1.65bn With an 18% growth rate, the company has demonstrated success under its new management
This article was originally published on Manufacturingtalk on 21 Jun 2001 at 8.00am (UK)
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Income before taxes increased considerably by 53% to EUR 205 million.
The profit margin grew to 12.4%.
Nicola Leibinger-Kammueller, president of the managing board of the Trumpf Group, was quoted as saying during the company's annual press conference that the current fiscal year is also going well.
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Trumpf is expecting sales to reach more than EUR 1.8bn.
The reason for the company's positive outlook, among others, is its orders on hand totaling EUR 470 million.
The first three months of the new fiscal year have supported this expectation: sales and orders received both rose by just under 25%.
The company benefited from the global boom in investment goods.
All regions contributed to the success of the Trumpf Group.
The company recorded the strongest gains in Eastern Europe, America and the Pacific Rim.
Sales in Germany rose by 7.0% to EUR 451 million.
Germany thus remained the company's largest individual market.
Growth also had an impact on employment.
Worldwide, Trumpf created 439 new jobs, 242 overseas and 197 at home.
This corresponds to a 7.3% increase.
Overall, Trumpf employed 6,488 people on June 30, 2006.
Employees were hired primarily in Germany, the USA, Switzerland and France.
* Machine tools are the 'engine of success' - the 'engines' for the company's success were machine tools for sheet metal processing.
Growth in the Machine Tools/ Power Tools Division increased its sales by 23% to EUR 1.44bn.
Trumpf has thus continued to expand its position as Europe's largest machine tool manufacturer.
The Laser Technology/Electronics Division enjoyed an 8.5% sales increase to EUR 438 million.
The Electronics business field recorded strong gains.
Among other things, it produces process power generators for the manufacture of flat screen monitors and has positioned itself as one of the world's leading suppliers.
The Medical Technology Division boosted its sales by 10% to EUR 108 million.
Overall, Trumpf invested EUR 120 million for research and development.
This corresponds to a 12% gain.
The company's R and D quota is 7.3%.
* Trumpf paves the way for worldwide growth - the ratio of equity to total assets was 45.6%.
With an after-tax cash flow of EUR 183 million, Trumpf has sufficient liquid assets at its disposal to be able to invest heavily in the coming fiscal year.
The company's investment volume grew by 75% to EUR 89 million - 66% of that was allocated to projects in Germany.
Trumpf invested EUR 44 million alone in the expansion of its headquarters in Ditzingen, Germany.
There, it built a service center and a new employee cafeteria.
The company has other building projects under way in Liberec, Czech Republic; Monterrey, Mexico; and Seoul, South Korea.
Leibinger-Kammueller explained: "Through these investments, we are strengthening our German locations and considerably improving our position in overseas markets.
Basically, we are currently building all over the world." The company is confidently looking forward to 2006/07 and sees its greatest growth opportunities primarily in Europe and Asia.
The number of employees will also continue to grow. Request free introductory details about products from Trumpf ...
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