TRUMPF sales jump 51 percent
|Ditzingen, Germany - TRUMPF, the Germany-based machine tool manufacturer and laser technology specialist, recorded sales of 2.025 billion Euros in the 2010/11 fiscal year. Compared to last year's sales of 1.340 billion Euros, this year's sales figure represents an increase of 51 percent.
"This past fiscal year was the second most successful year in our company's history. We succeeded in closing the gap to the record earnings posted before the financial crisis," said TRUMPF group president Nicola Leibinger-Kammüller in presenting the preliminary figures.
In fiscal year 2007/08, TRUMPF posted sales valued at 2.144 billion Euros. "In view of the fact that the worldwide financial crisis brought the German manufacturing industry to its knees, these preliminary sales figures are good news," explained Leibinger-Kammüller.
In the US, TRUMPF Inc.'s CEO Rolf Biekert commented on the company's success in North America: "We experienced strong growth the last 12 months and ended our fiscal year better than projected. It was the second best year for North American sales in the company's history, and we have every reason to expect this trend to continue throughout the entire 2011-2012 fiscal year."
For the 2010/11 fiscal year, TRUMPF's orders received reached an all-time high in value of 2.22 billion Euros, thus exceeding the 2.15 billion Euros posted for the pre-crisis
benchmark year 2007/08.
This positive trend was also noticeable in terms of profits. "We are expecting profits to hit triple digits in the millions," added Leibinger-Kammüller. TRUMPF will announce its final figures at its annual press conference on October 19, 2011.
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